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Former PM to chair ANZ

ANZ has announced John Judge will be retiring from its board of directors in January 2018 and former prime minister Sir John Key will become its new chair.

ANZ Group Chair David Gonski said “Sir John Key’s strong international career in banking and his understanding of and contacts across the Asia-Pacific – where many Australian and New Zealand companies are increasingly trading - will add great value to the governance of ANZ.”

A graduate of the University of Canterbury, Key started his career in banking and finance in New Zealand before he became Head of Global Foreign Exchange with Merrill Lynch. He was also made a member of the Foreign Exchange Committee of the Federal Reserve Bank of New York.

Key was the Member of Parliament for Helensville from 2002 and Prime Minister of New Zealand from 2008 until 2016 when he announced that he would be retiring from politics. He was made a Knight Grand Companion of the New Zealand Order of Merit in the 2017 Queen’s Birthday Honours. Earlier this year he also received Australia’s highest honour, becoming a Companion of the Order of Australia for advancing the Australia-New Zealand bilateral relationship.

John Judge has been on the ANZ New Zealand Board since 22 December 2008 and has been chair since 23 June 2012.

ANZ New Zealand’s other independent directors are Tony Carter, Mark Verbiest and Joan Withers. The executive directors on the Board are ANZ New Zealand CEO and Group Executive David Hisco, ANZ Group Chief Risk Officer and Group Executive Nigel Williams, and ANZ Group CEO Shayne Elliott. ANZ Group CFO Michelle Jablko is an alternate director for Elliott.

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