ANZ’s institutional banking chief Andrew Géczy throws down the gauntlet to global rivals as he looks to win market share, talent and deliver ROE at 13%.
Industry heavyweight Mark Slaughter is Citi's new head of corporate and investment banking for Asia-Pacific, replacing Farhan Faruqui who joined ANZ last month.
If there is a strategic fit then now is the time to do M&A, debt markets will likely remain strong, and although equity markets will remain volatile, there will be windows of opportunity for the nimble.
Citi moves Rahul Shukla to India as head of corporate banking, while Nikhil Eapen takes over as Asia-Pacific head of TMT in the global banking division.
Farhan Faruqui becomes head of global banking in Asia-Pacific, while Mark Renton is appointed global co-head of the public sector group based in Hong Kong.