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ANZ employees in Hong Kong: what actually happened to them?

ANZ Hong Kong

Last year saw scores of staff leave ANZ in Hong Kong – some of their own accord, others because of layoffs and the sale of the firm’s Asian retail and wealth unit to DBS. CEO Shayne Elliott, who took the reins in January 2016, is scaling back several of ANZ’s Asian operations.

Fortunately, many of those who have departed ANZ in recent months have managed to find senior roles elsewhere in Hong Kong, according to the public profiles that they’ve posted online. Here’s where some of the more senior employees have ended up.

Luke Looney, director, financial services, Accenture

Looney has spent almost all his career at ANZ – he joined in 2003, working in markets operations in the firm’s Melbourne headquarters. In 2009 he took on a project management job helping to integrate the Asian businesses that ANZ had bought from RBS, according to his profile. Looney had become head of markets operations for North East Asia when he eventually left ANZ in November. He’s now resurfaced in Accenture’s management consulting division, helping finance sector clients “increase cost efficiency, grow their customer bases, manage risk and transform their operations”.

Li-Gang Liu, chief China economist, Citi

Veteran Liu worked as ANZ’s chief economist for Greater China for six and a half years before joining Citi in 2016. In a career spanning 20 years, Liu has also held roles at the Hong Kong Monetary Authority, the Asian Development Bank Institute, the World Bank, and the Peterson Institute for International Economics. He was named economist of the year in 2012 and 2014 by China Business News, according to his public profile.

Matt Long, global head of sales and head of Asia, OFX

Long was the Hong Kong-based head of structured origination at ANZ before leaving the bank in October. Prior to that at ANZ he was also head of equities for Asia Pacific, Europe and the Americas, and head of Asian wealth distribution. Long was at Macquarie between 1999 and 2009, most recently as global head of retail fund distribution, according to his online profile. He has now reappeared at OFX, an Australian online foreign exchange company, to lead its Asian business.

Dennis Yu, director, wealth management, UBS

ANZ sold its Asian wealth unit to DBS last year, but Yu decided to join Asia’s largest private bank, UBS, rather than transition over to the Singaporean firm. Yu, who has worked in banking for 17 years, moved to ANZ in Hong Kong in 2013 to focus on Asian ultra-high-net-worth clients, according to his profile. That followed a five-year stint with the bank’s domestic wealth business in Australia.

Amelie Perrier, head of equity market risk for Asia, Credit Suisse

Perrier began her career as an equity derivatives trader at BNP Paribas in France in 2003. By 2015 she was at an exotic equity derivatives trader at Citi In Hong Kong and had reached director level, according to her profile. Then came a big career change. She moved to ANZ in June 2015 for a four-month project role and was then appointed head of regulatory changes for markets compliance. While Perrier only spent about a year in that job, she has stayed in the middle office and has recently re-emerged at Credit Suisse where she heads up risk management for its Asia equity department.

Jerome Mornet, head of global risk analytics Asia Pacific, HSBC

Mornet is another senior ANZ middle-office employee who’s recently moved on. This is his second stint at HSBC, having worked there from 2001 to 2008, latterly as deputy head of Basel II for Asia Pacific. After heading up IT audit for ING globally, Mornet worked for ANZ between 2011 and 2016, most recently as head of wholesale models and stress testing. He describes himself in his profile as an “internationally experienced risk executive with a proven capacity to manage complexity, implement change and build sustainable capabilities in a highly regulated banking environment”.


Image credit: YinYang, Getty

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