Australia and New Zealand Banking Group (ANZ) has announced a new senior appointment, with its Taiwan operations seeing a shift in leadership. Peter Chan will be succeeding Terry King as the next CEO of ANZ’s Taiwan location, following the latter’s retirement, according to an ANZ statement.
Mr. King decided to relinquish his role as CEO and retire, ending what has been a career that has spanned 36 years in the banking realm. The man tasked to replace him, Peter Chan, is presently the acting CEO of ANZ Philippines, having joined the group in 2008.
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Since then Mr. Chan has worked in a number of senior institutional roles in Australia, Hong Kong, and the Greater China region, including a role as the Head of Institutional Banking in Taiwan. Mr Chan will step into his new role only on January 2nd, 2017, following the requisite ANZ Taiwan board and regulatory approvals.
Despite the shift of leadership, Mr. King will continue to serve ANZ as a non-executive Director of ANZ Taiwan’s Board, working in tandem with Mr. Chan in an ongoing consulting capacity.
According to ANZ’s Group Executive International Farhan Faruqui in a recent statement on the appointment: “Peter is a seasoned institutional banker with a deep knowledge of Taiwan, Hong Kong, Greater China and the broader region. His significant international experience will be a tremendous asset to our customers and our business as we sharpen our focus on Institutional Banking.”