Australia and New Zealand Banking Group (ANZ) has named Mark Whelan as the new CEO for its Australian operations.

Whelan will succeed Philip Chronican, who after a 32-year banking career aims to pursue a non-executive career.

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Also, the responsibilities of Chronican as global head of retail will now be taken over by ANZ New Zealand CEO David Hisco.

Whelan and Hisco will assume their new roles from 3 April 2015, subject to necessary regulatory approvals.

Whelan is presently designated as managing director global commercial banking, as well as serves as a member of the ANZ management board since October last year.

He formerly served as managing director commercial Australia at ANZ.

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Whelan earlier also worked as ANZ’s managing director institutional APEA based in Hong Kong, where he managed institutional, commercial and private banking across Asia Pacific, Europe and America.