ANZ Elevates Ivy Au Yeung to CEO of Hong Kong Operations

Australia and New Zealand Banking Group Ltd (ANZ) has named Ivy Au Yeung as its newest Chief Executive Officer for its Hong Kong-based unit in a bid to grow the group’s retail, commercial and institutional business in the region.

ANZ is one of the largest banking groups in the Australia-Pacific (APAC) region, offering a wealth of financial services across Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, fixed income, etc. Earlier this month, the group appointed Mary MacLeod as its CFO of International and Institutional operations.

Mrs. Yeung has been with ANZ since 2011, where she started as its Managing Director of Commercial Banking for the APAC region. Prior to ANZ, Mrs. Yeung held a lengthy tenure in senior management at Standard Chartered. In her new role Mr. Yeung will be reporting to Farhan Faruqui, ANZ’s CEO, International Banking.