ANZ names Shahaney as head of South-east Asia, India, Middle East

Singapore

THE Australia and New Zealand Banking Group (ANZ) has promoted Vishnu Shahaney to head of South-east Asia, India and the Middle East, in addition to being country head of Singapore, the bank announced in a media statement on Wednesday.

Mr Shahaney is expected to start his new role in August, and will be based in Singapore. He will report to Farhan Faruqui, group executive of international at ANZ.

Mr Shahaney is currently president director of PT Bank ANZ Indonesia.

ANZ said the process of replacing him in Indonesia is underway, and an announcement will be made in due course after local regulatory approval has been obtained.

He first joined ANZ Grindlays Bank in India, and has held senior positions at ANZ in Asia and Australia, across businesses including corporate banking, transaction banking and risk.

Mr Faruqui said he is confident that Mr Shahaney's deep international banking experience, extensive customer networks and strong understanding of Singapore and the region will bring significant value to ANZ's business and customers.

"Singapore remains a key hub and gateway for some of the world's largest multinational companies doing business in Asean," said Mr Faruqui. "We continue to see significant opportunities in the region, which remains key to our strategy of facilitating trade and capital flows within Asia-Pacific."