ANZ appoints wealth managing director

Van der Wielen joins from Lloyds Banking

By Wouter Klijn
Thu 29 Jul 2010

ANZ has reshuffled its Australian wealth team, appointing John Van Der Wielen to the newly created role of managing director Wealth Australia.

Australia and New Zealand Banking Group (ANZ) has appointed John Van Der Wielen to the newly created role of managing director Wealth Australia.

Van Der Wielen will join the bank in October this year from Lloyds Banking Group, where he was managing director Clerical Medical, Halifax Life and European Financial Services.

The appointment is the result of ANZ's acquisition of the remaining stake in ING Australia and the integration of the company with ANZ's wealth management business, previously part of ANZ managing director investment and insurance products Geoff Cohen's responsibilities.

ING Australia chief executive Harry Stout has been appointed as acting managing director wealth and will be involved in the transition ahead of his planned return to the United States in 2011.

"John's appointment, building on ANZ's acquisition last year of the remaining 51 per cent stake of ING Australia, signals our intention to grow more aggressively in the wealth segment," ANZ chief executive Australia Phil Chronican said.

"With more than 25 years of experience in general and life insurance, wealth management and banking, gained both in Australia and overseas, John will be a tremendous asset to ANZ and to our specialist wealth businesses," he said.

ANZ has also appointed Louis Hawke to the new position of ANZ managing director product, strategy and marketing.

Hawke will be responsible for developing integrated customer solutions within and across segments. Hawke's appointment is an internal hire. He was formerly ANZ managing director retail distribution.

Hawke will be replaced by Mark Hand, who was previously ANZ general manager regional commercial banking.

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