ANZ head of Wrap, SMSF departs amid reorganisation

ANZ's head of Wrap and SMSF, Patrick Clarke, has departed the organisation.

The move comes a few weeks after the completion of the sale of OnePath to IOOF.

Clarke has been with ANZ and ANZ Wealth since 2010 in a variety of roles, including head of product, head of wealth, and, most recently, head of wrap and SMSF.

Before joining ANZ, Clarke had was head of retirement products at BT for more than a decade.

A spokesperson for ANZ confirmed Clarke's departure but provided no other comment.

The Financial Services Union says that the ANZ wealth division will see jobs cut in order to cut costs. "ANZ have announced plans to cut 230 jobs from their private bank and advice business. This latest announcement comes just weeks after cutting 60 jobs from their commercial business, and 3 more branch closures."

Industry Moves has reached out to Clarke to see if he has something new lined up.