Scores of staff left ANZ in Hong Kong in 2016 – some of their own accord, others because of layoffs and the sale of the firm’s Asian retail and wealth unit to DBS. The Australian bank is now focused on its larger institutional clients in Hong Kong and across Asia.
Fortunately, many of those who departed ANZ have stayed on in Hong Kong and found roles at other banks. Here’s where some of them have ended up, according to their public profiles.
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 more than 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, CEO, Hong Kong, Saxo Bank Group Asia Pacific
Long was the Hong Kong-based head of structured origination at ANZ before leaving the bank in October 2016. 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. After his departure from ANZ, Long did a 10-month stint leading the Asian business of OFX, an Australian online foreign exchange company. He joined Saxo last December.
Dennis Yu, director, wealth management, UBS
ANZ sold its Asian wealth unit to DBS in 2016, 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 18 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.
Luke Looney, director, financial services, Accenture
Looney previously 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 2016. He’s since resurfaced in Accenture’s management consulting division, helping finance sector clients “increase cost efficiency, grow their customer bases, manage risk and transform their operations”.
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 now 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”.
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