Mary MacLeod Named International and Institutional Banking CFO at ANZ

The Australia and New Zealand Banking Group (ANZ) has named Mary MacLeod as its newest Chief Financial Officer for its International and Institutional Banking Division.

ANZ is the third largest banking group in Australia and deals with a variety of asset classes, including Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, bonds, commercial banking, among others. The banking giant is also one of the few to remain free from the specter of Forex Manipulation Forex Manipulation Forex (FX) manipulation usually involved the currency department of banks or investment houses.It is not an easy feat to manipulate the forex market as the volume and liquidity of the market is exceptionally high. However, it still possible for traders to change the value of a currency to make a profit. Foreign exchange players found it useful to take a snapshot of how much is being bought and sold. Until recently, this happened every day in the 30 seconds before and after 16:00 in London, and t Forex (FX) manipulation usually involved the currency department of banks or investment houses.It is not an easy feat to manipulate the forex market as the volume and liquidity of the market is exceptionally high. However, it still possible for traders to change the value of a currency to make a profit. Foreign exchange players found it useful to take a snapshot of how much is being bought and sold. Until recently, this happened every day in the 30 seconds before and after 16:00 in London, and t Read this Term, following a global probe launched by a panel of regulators late last year.

Mrs. MacLeod is a veteran of the APAC region, having worked with the Industrial and Commercial Bank of China (ICBC) and various executive roles at Deutsche Bank in the Australian, New Zealand and Asian markets.

In her new role at ANZ, Mrs. MacLeod will be reporting to the group’s CFO Shayne Elliott, as well as Andrew Geczy – ANZ’s Chief Executive for International and Institutional Banking. As the CFO, she will be responsible for analyzing and managing the group’s financial metrics and regulatory reporting.

According to Mr. Elliot in a recent statement on the appointment, “Mary’s significant international banking experience coupled with her strong understanding of the regulatory landscape in our key regions will bring additional strength to both our finance and IIB leadership teams.”