The Australia and New Zealand Banking Group Limited (ANZ) confirmed the appointment of Antonia Watson as Acting CEO of ANZ New Zealand, following the departure of David Hisco.
Mr Hisco’s departure follows ongoing health issues as well as Board concern about the characterisation of certain transactions following an internal review of personal expenses.
ANZ New Zealand Chair Rt Hon Sir John Key commented on the news:
We are disappointed David is leaving ANZ under such circumstances after such a long career, however his departure is the right one in these circumstances given the expectations we have of all our people, no matter how senior or junior.
We are fortunate to have an experienced executive in Antonia Watson to step in while we conduct a search for a replacement. Antonia’s extensive banking career has her well placed to help ANZ manage through this transition,” Sir John added.