Australia and New Zealand Banking Group (ANZ) has appointed Alexis George as its new deputy CEO, replacing Graham Hodges who will retire after spending 27 years at the bank.

In addition to her new role, George will also retain her existing role of group executive of Wealth Australia that she assumed in 2016.

She will continue to manage the sale of the bank’s life insurance, superannuation and aligned dealer group units, and oversee the senior relationship management of the bank’s wealth product partners in Australia. At the same time, she will manage the group service centres, and assist CEO Shayne Elliott in engaging with regulators, government and employees.

George joined ANZ as managing director of insurance five years ago. She previously served as the CEO of Czech Republic and Slovakian businesses at ING.

“Alexis’s appointment as Deputy CEO is testament to her strong leadership across the bank and the work she has done to simplify our Wealth businesses in Australia. She has significant international experience in managing the operations of large, complex businesses and will make a valuable contribution as we continue to improve engagement with Government, regulators and of course our people,” Elliott said.

In addition, the bank also appointed Mark Hand as the new group executive for Australian business and private banking.

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Hand joined ANZ in 1998, and most recently served as the managing director of business and private banking. He chairs the bank’s diversity council in Australia and was a director of ANZ Bank Taiwan and ANZ Trustees before its sale.

Hand will continue to report to the bank’s group executive of Australia Fred Ohlsson.

“Having Mark join the Executive Committee is a natural next-step in our progress to building the best bank for those who want to start, run or grow a business. His deep corporate network will benefit ANZ and I’m confident Mark will be a strong champion of Australian business owners at our Executive Committee,” Elliott noted.

Both George and Hand will assume their new responsibilities on 15 May 2018.