Staff exits in store at ANZ?

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ANZ Bank's new chief executive, former HSBC boss Mike Smith, has wasted little time in putting his personal stamp on the bank.

With strong plans to extend ANZ's domestic and international reach, Smith - who joined in October - has been tweaking the bank's management ranks since arriving.

Two recent appointments include former colleague Susie Babani to take the role of group general manager human resources, a position formerly known within the bank as group general manager of people capital and breakout.

Another new appointment has been Rhonda Day, previously the assistant state ombudsman in Victoria, to become customer advocate. She replaced Bill Robinson, who has retired from the role.

Recruiters are expecting more role changes at ANZ, in areas such as IT, investment banking, wealth management and in front and back-office areas.

Simon Tobin, associate director banking and financial services for Michael Page, says a new CEO is always the catalyst for some change. "There is often a new strategy, a new structure, adaptation of policies and procedures, different systems and ways of doing things, and ultimately that could mean new people as well."

Caan Krsztew-Ivanow, a senior search consultant at Melbourne-based financial services specialist Graeme V. Jones & Associates, says there have already been some departures at ANZ because the bank has recently paid out its annual bonuses.

"It's just a seasonal adjustment. But the new CEO has got new ideas and is different from the previous ANZ CEO in how he will look at the various business units."

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