ANZ announces new Chief Investment Officer for Wealth Australia

ANZ has announced the appointment of Mark Rider as chief investment officer for wealth Australia, effective 10 March 2017.

In this role, Rider will be responsible for delivering the overarching investment strategy, including asset allocation, investment themes, product selection and monitoring.

Rider joined ANZ in 2013 as head of investment strategy and asset allocation, responsible for the management of ANZ's $30 billion multi-asset funds in Australia and New Zealand.

Prior to joining ANZ, Rider spent 16 years at UBS in senior economics and global asset management roles and before that spent 10 years at the Reserve Bank of Australia as an economist.

Commenting on his appointment, group executive wealth Australia, Alexis George, said: "Mark is a proven investment manager with significant economic experience who is already well known to our partners and customers...It's pleasing to be able to appoint an executive with such strong credentials from within the business which will help ensure a smooth transition and a consistent approach to investment strategy."

Rider succeeds Stewart Brentnall who is leaving ANZ to take up another senior CIO opportunity with TCorp.