- Australia and New Zealand Banking Group
Australia and New Zealand Banking Group Limited Type Public (ASX: ANZ) Industry Banking Founded (1835) Headquarters Docklands, Melbourne, Australia Key people Michael Smith, (CEO)
John Morschel, (Chairman)
Products Banking, financial and related services Profit A$4.51 billion (2010) Total assets A$531.739 billion (2010) Employees 46,917 Website ANZ.com
The Australia and New Zealand Banking Group Limited (ASX: ANZ, NZX: ANZ), commonly called ANZ, is the fourth largest bank in Australia, after the Commonwealth Bank, Westpac Banking Corporation and the National Australia Bank. Australian operations make up the largest part of ANZ's business, with commercial and retail banking dominating. ANZ is also the largest bank in New Zealand, where the legal entity became known as ANZ National Bank Limited in 2004 and where it operates two brands, ANZ and the National Bank of New Zealand.
In addition to operations throughout Australia and New Zealand, ANZ also extends to twenty-five other nations.
ANZ was named the most sustainable bank globally in the 2008 Dow Jones Sustainability Index making it the 2nd year in a row ANZ has been granted the title. In 2007 the title was shared with another Australian bank, Westpac, which had held the title for the previous five years.
- 1835: ANZ began in London when The Bank of Australasia was established under Royal Charter
- 1837: The Union Bank of Australia was established. This was an Anglo-Australian bank
- 1852: The English, Scottish and Australian Bank (ES&A) was established in 1852. This was an Anglo-Australian bank
- 1951: The Bank of Australasia merges with the Union Bank of Australia to form ANZ Bank
- 1963: Establishes first computer systems in new data processing centre in Melbourne, Australia
- 1966: Starts operations in Honiara, Solomon Islands
- 1968: Opens office in New York, USA
- 1969: Establishes representative office in Tokyo, Japan
- In what was then the largest merger in Australian banking history, ANZ merged with the English, Scottish and Australian Bank Limited to form the present organisation, Australia and New Zealand Banking Group Limited
- Starts operations in Vanuatu
- 1971: Opens representative office in Malaysia
- 1976: ANZ (PNG) established
- 1977: ANZ incorporated in Australia (transfer from UK)
- 1979: Acquires the Bank of Adelaide
- 1980: Singapore and New York representative offices upgraded to branch status
- 1984: Purchases Grindlays Bank
- 1989: Purchases PostBank from New Zealand Government
- Acquires 75 per cent of Bank of Western Samoa
- Opens representative office in the Philippines
- New world headquarters built in Melbourne, Australia
- Joint venture established with PT Panin Bank, Indonesia
- Opens a branch in Hanoi and a representative office in Ho Chi Minh City, Vietnam
- Opens a branch in Shanghai and a representative office in Guangzhou, China
- Starts operations in Tonga
- Sold Canadian operations to HSBC Bank Canada
- Opens a commercial banking branch in Manila, Philippines, the first Australian and New Zealand bank to do so
- www.anz.com launched
- ANZ opens its second Vietnamese branch at Ho Chi Minh City
- 1998: Acquires stake in PT Panin Bank, Indonesia
- Acquires 75 per cent of Bank of Kiribati
- ANZ Timor Leste opens
- Establishes cards business in Hong Kong
- 2003: Acquires National Bank of New Zealand
- 2005: Establishes ANZ Royal Bank in Cambodia, a joint venture with the Cambodian-based Royal Group company
- 2006: New world headquarters announced for Melbourne Docklands near the headquarters of the National Australia Bank
- ANZ wins Money Magazine "Bank of the Year" award again after having been ousted by the National Australia Bank in 2006
- ANZ acquires E*Trade Australia
- Mike Smith, formerly of HSBC, assumes the role of CEO with the retirement of John McFarlane on 1 October 2007
- ANZ acquires Citizen Securities Bank (Guam)
- ANZ takes over from telecommunications company Telstra as naming rights sponsor for Sydney's Stadium Australia.
- 25 September 2009 Announced it will buy out ING Group's 51% stake of the JV, ING Australia giving ANZ 100% control of ING Australia.
- 12 November 2009 ANZ opens new ANZ Centre headquarters in Docklands, Melbourne
- 1 December 2009 ANZ officially gain full ownership of ING Australia.
- Retail Products
- Retail Distribution
- Commercial Banking
- Wealth (including ETrade in Australia and OnePath)
- ANZ National Bank Limited
Asia and Pacific
- International Partnerships
ANZ is one of the leading Australian banks in the Asia-Pacific region. It has been aggressive in its expansion into the emerging markets of China, Vietnam and Indonesia. ANZ is also a leading bank in New Zealand as well as several Pacific Island Nation where it competes in many markets with fellow Australian bank, Westpac. ANZ's arm in New Zealand is operated through a subsidiary company ANZ National Bank.
In March 2005, it formed a strategic alliance with Vietnam's Sacombank involving an acquisition of 10% of Sacombank’s share capital. As part of the strategic alliance, ANZ will provide technical assistance in the areas of risk management and retail and small business banking.
ANZ has followed a similar strategy in China, where it acquired a 20% share in Tianjin City Commercial Bank in July 2006. It also negotiated a similar deal with Shanghai Rural Commercial Bank.
In August, ANZ purchased RBS's retail units in Taiwan, Singapore, Indonesia and Hong Kong, as well as RBS's institutional banking businesses in Taiwan, the Philippines and Vietnam. It was purchased for the price of A$687 million.
In 2008 ANZ was awarded Deal of the Year - Project Finance Deal of the Year at the 2008 ALB Hong Kong Law Awards.
Offshoring of jobs
ANZ have been progressively increasing work output from offshore offices. ANZ's Bangalore office has been operational since 1989, making it one of the first organisations to employ IT staff based in India. ANZ employs around 4,800 staff in Bangalore, India. 1500 IT positions, 2000 positions in Payments and Institutional Operations and International and High Value Services and 1300 positions in Operations Personal Banking have been shifted from Melbourne to India. In 2006, ANZ predicted that by 2010, over 2000 jobs would have been shifted from Australia to Bangalore.
In 2006 the company started a TV campaign with a series of ads featuring their new mascot - the Falcon, a bird trained to stop credit card thieves, illustrating the company's measures in prevention of Credit card fraud.
Currently, the company is running an ad campaign parodying common banking scenarios with a fictional character known as 'Barbara who lives in Bank World', a middle-aged, rude, sarcastic and unhelpful bank manager. The adverts have received acclaim for wit and humour, but also criticism for stereotyping bank managers. Barbara is portrayed by Australian comedian Genevieve Morris.
In September 2006, plans were unveiled for ANZ's new world headquarters to be located in Melbourne's Docklands precinct. The complex features a vast low rise office building, shops, car and bicycle parking facilities. The new complex will enable 6,500 ANZ staff to work in one integrated area, however the company will maintain its flagship building, 100 Queen Street Melbourne. The new headquarters is the largest office complex in Australia at 84,500 m² NLA, 130,000 sqm GFA and an accredited 6 Green Star Building. Construction commenced in late 2006 and the building opened in late 2009. The building is located at 833 Collins Street. It has been designed by HASSELL & Lend Lease Design - fronting the Yarra River.
Arms of the Australia and New Zealand Banking GroupArms of Australia and New Zealand Banking Group NotesThe arms of the Australia and New Zealand Banking Group consist of: CrestUpon a helm with a wreath of the colours an antelope and a unicorn both armed and crined Or and gorged with a collar Gules supporting saltirewise a key Gold and a sword Proper quillons hilt and pommel Gold. EscutcheonPer pale Azure and Or a pile couped and per pale its point on a mound issuing in base also per pale eight roundels and as many billets in circle all counterchanged. SupportersOn the dexter side a kangaroo Or and on the sinister side a kiwi Azure beaked and legged Gold. CompartmentDesert and grass proper. MottoTenacious of purpose. BadgeFour mullets crosswise each of six points Argent dimidiating a like mullet Gules fimbriated Argent between them in circle a plate between two bezants.
- ^ "About ANZ". Australia and New Zealand Banking Group. http://www.anz.com.au/australia/aboutanz/default.asp. Retrieved 17 November 2011.
- ^ http://www.investordaily.com.au/cps/rde/xchg/id/style/4951.htm?rdeCOQ=SID-3F579BCE-FAF630CF
- ^ "FRB: Press Release - Approval of application of Australia & New Zealand Banking Group". Federal Reserve Board. 7 August 2000. http://www.federalreserve.gov/boarddocs/press/bhc/2000/20000807/. Retrieved 17 November 2011.
- ^ http://www.anz.com/australia/support/library/mr/mr20070516.pdf
- ^ "ANZ Chairman announces successor to CEO". Australia and New Zealand Banking Group. http://www.anz.com/aus/shares/services/New_chairman.asp. Retrieved 17 November 2011.
- ^ "ANZ acquires RBS' Hong Kong businesses". news.ninemsn.com.au. 22 March 2010. http://news.ninemsn.com.au/article.aspx?id=1030505. Retrieved 17 November 2011.
- ^ "ANZ acquires RBS in Singapore". International Business Times. 17 May 2010. http://au.ibtimes.com/articles/23810/20100517/anz-banking-rbs-royal-bank-of-scotland.htm. Retrieved 17 November 2011.
- ^ "ANZ completes RBS purchases in Indonesia". Financial Review. 14 June 2010. http://afr.com/p/business/financial_services/anz_completes_rbs_purchases_in_indonesia_aJUkMwnitiKsiRfR4KZ9hO. Retrieved 17 November 2011.
- ^ www.legalbusinessonline.com.au
- ^ "ANZ - KEEP OUR JOBS HERE! - Finance Sector Union". Finance Sector Union. 28 November 2006. http://www.fsunion.org.au/news/public/1164680136_24400.html. Retrieved 17 November 2011.
- ^ Financial Services Union of Australia, 2006. Bank Check, Spotlight on the ANZ Bank, retrieved 8 December 2009.
- ^ "ANZ 'Barbara lives in Bank World' campaign launches this weekend via M&C Saatchi". Campaign Brief. 19 January 2010. http://www.campaignbrief.com/2010/01/anz-barbara-lives-in-bank-worl.html. Retrieved 17 November 2011.
- ^ Draper, Michelle (17 July 2007). "Lend Lease tipped for $100m Myer Docklands HQ". Brisbane Times. http://www.brisbanetimes.com.au/articles/2007/07/16/1184559739841.html. Retrieved 17 November 2011.
- ^ Engelen, John (8 March 2010). "ANZ Centre – Corporate HQ Docklands, Melbourne". Dedece Blog. http://www.dedeceblog.com/2010/03/08/anz-centre-corporate-hq-docklands-melbourne/. Retrieved 17 November 2011.
- ^ World Architecture Festival: ANZ Centre, retrieved 18 November 2010
- ^ New Zealand Armorist, 76, 2000, p. 19
Australia and New Zealand Banking Group Brands Notable peopleMike Smith · Charles Goode S&P/ASX 50 companies of Australia
AGL Energy · Alumina · Amcor · AMP · ANZ · Asciano · ASX · BHP Billiton · BlueScope Steel · Brambles · CFS Retail Property Trust · Coca-Cola Amatil · Commonwealth Bank · Computershare · Crown · CSL · Fortescue Metals Group · Foster's Group · GPT · Incitec Pivot · Insurance Australia Group · Leighton Holdings · Lend Lease · Macquarie Group · MAp Airports · Mirvac · National Australia Bank · Newcrest Mining · News Corporation · Oil Search · Orica · Origin Energy · Qantas · QBE Insurance · Rio Tinto · Santos · Sonic Healthcare · Stockland · Suncorp-Metway · Tabcorp · Telstra · Toll · Transurban · Wesfarmers · Westfield · Westfield Retail Trust · Westpac · Woodside Petroleum · Woolworths · WorleyParsons
NZX 50 companies of New Zealand
Air New Zealand · AMP · AMP NZ Office · ANZ · APN News & Media · Argosy Property Trust · Auckland International Airport · Cavalier · Contact Energy · DNZ Property Fund · Ebos · Fisher & Paykel Appliances · Fisher & Paykel Healthcare · Fletcher Building · Freightways · Goodman Fielder · Goodman Property Trust · Guinness Peat Group · Hallenstein Glasson · Heartland New Zealand · Infratil · Kathmandu · Kiwi Income Property Trust · Mainfreight · Methven · Michael Hill International · New Zealand Oil & Gas · New Zealand Refining Company · Nuplex · NZX · PGG Wrightson · Port of Tauranga · Property For Industry · Pumpkin Patch · Rakon · Restaurant Brands · Ryman Healthcare · Sanford · Skellerup · Skycity Entertainment Group · Sky Network Television · South Port NZ · Steel & Tube Holdings · Telecom New Zealand · Telstra · Tower · TrustPower · Vector · Vital Healthcare Property Trust · The Warehouse Group · Westpac
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