ANZ Chief Risk Officer to retire in 2018

ANZ has announced that its chief risk officer, Nigel Williams, will retire at the end of March 2018 after a 33-year career in banking.

Williams joined ANZ following the 2004 acquisition of The National Bank of New Zealand and has been the chief risk officer since 2011.

At ANZ he has held a number of leadership roles including managing director institutional, corporate and commercial banking in New Zealand, and managing director, institutional Australia. He has also been a director of ANZ Bank New Zealand and Shanghai Rural Commercial Bank.

Commenting on Williams' retirement, ANZ's CEO, Shayne Elliott, said: "Over the past six years, Nigel has led the transformation of the Risk function with a focus on data analytics, automated decision making and cyber security. He has also played a leading role in the resolution of a number of business and regulatory issues, and in significantly improving ANZ's risk profile."

"He can be proud of many achievements in his time at ANZ and we wish him every success with his future career."

ANZ expects to announce a successor to Williams early in 2018. Williams' intention is to now pursue a career as a non-executive director.