The Australia and New Zealand Banking Group Limited , commonly called ANZ, is the fourth largest bank in Australia, after the Commonwealth Bank, Westpac Banking Corporation, and the National Australia Bank which overtook ANZ in 2009 in terms of market capitalisation. 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. ANZ posted a net profit of A$3.69 billion for the year ended September 30, 2006. ANZ recorded revenue growth of 8.4 per cent in the year ended September 30, with group operating revenue of A$10.15 billion and assets of $335 billion.
Corporate Centre
ANZ's Corporate Centre functions take a group-wide approach, working across all divisions to support ANZ’s strategic priorities. Each functional head is a direct report of the Group CEO.
Risk
Risk is responsible for ANZ's global risk management framework. Risk is responsible for the organisation's risk strategies, policies, processes and reporting. The approach at ANZ is to ensure risk management and accountability are central to everything we do. Risk enables ANZ to meet its performance objectives along with delivering a 'no surprises' approach for management and the external market.
Group Financial Management
Group Financial Management is responsible for the overall financial management of the ANZ Group including control of the structure of ANZ's balance sheet, finance management information systems and performance management. Group Financial Management comprises Financial Reporting and Policy, Business Performance, General Counsel & Company Secretary's Office, Taxation, Treasury and Investor Relations and the Divisional finance teams.
Strategy and Marketing
Strategy and Marketing is responsible for ANZ's business strategy, including the expansion and re-shaping of ANZ's businesses, mergers, acquisitions and disposals; it is also responsible for ANZ's global branding and marketing strategy as well as for overseeing the Group's strategic productivity agenda.
Human Resources
Human Resources' mission is to deliver the best opportunities, the best leaders and the best company. It is responsible for ANZ's strategic HR function including the major practice areas of remuneration and rewards, employee relations, culture and change, transformation and operations, organisational capability and HR shared services.
Corporate Affairs
Corporate Affairs supports achievement of ANZ's goals by responding to and shaping our operating environment. It manages key external issues and relationships, particularly those involving civil society, government, regulators, NGOs and other stakeholders who play a role in influencing our world. This role includes leadership and governance of ANZ's Corporate Responsibility (CR) agenda.
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