ANZ Hires Former Lloyds Banker Geczy to Lead Asian Expansion

Australia & New Zealand Banking Group Ltd. (ANZ), the country’s most Asia focused lender, hired former Lloyds Banking Group Plc (LLOY) executive Andrew Geczy to head its international and institutional banking arm.

Geczy, 50, will start on Sept. 16 and will be based in Melbourne, ANZ said in a statement today. The appointment is subject to regulatory approval, it said.

He will report directly to Chief Executive Officer Michael Smith, who aims to boost profit from outside Australia and New Zealand to as much as 30 percent of the bank’s total by 2017 from 21 percent last year. Geczy replaces Alex Thursby, who left in April to head National Bank of Abu Dhabi.

“Andrew provides a significant addition to ANZ’s management bench strength,” Smith said in today’s statement. “He is an experienced global banker with a track record in leading international growth businesses including Asia.”

Prior to joining ANZ, Geczy headed Lloyds’s wholesale and banking markets unit, according to the statement.

To contact the reporter on this story: Narayanan Somasundaram in Sydney at nsomasundara@bloomberg.net

To contact the editor responsible for this story: Chitra Somayaji at csomayaji@bloomberg.net

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