Wealth management chief to depart ANZ

ANZ has announced that it is simplifying its approach to wealth management - which includes the bank's insurance, superannuation and investments products - and that group executive wealth, marketing and innovation Joyce Phillips will depart.

Commenting on Phillip's tenure, ANZ CEO Shayne Elliott said: "Under Joyce's leadership the Wealth Division has achieved a significant amount since it was formed in 2012. In that time Joyce has built a great reputation for Wealth through its consistently strong business performance, improved governance and compliance and through market-leading innovations such as goMoney, Grow and Smart Choice Super."

He added: "Joyce has also made a major contribution through her leadership of marketing, including significantly increasing the value of the ANZ brand in the region and our recent Equal Futures initiative."