ANZ Banking Group has created two new executive roles as it seeks to allay the concerns of regulators that it is failing to adequately manage non-financial risk.
The big four lender, which is the subject of an investigation by the corporate watchdog and has been slapped with an additional $250 million capital charge by the prudential regulator, said it would hire a general manager of operational risk and a head of regulatory relations.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
