Australia and New Zealand Banking Group (ANZ) has announced that its chief risk officer, Nigel Williams, will step down by the end of March 2018.
The banking industry veteran has been ANZ’s chief risk officer and a member of the group executive committee since 2011.
Williams joined ANZ after the acquisition of The National Bank of New Zealand in 2004. During his tenure at ANZ, he held various management positions including managing director of Institutional, Corporate and Commercial Banking in New Zealand, and managing director of Institutional Australia.
Additionally, Williams has served as a director of ANZ Bank New Zealand Limited and Shanghai Rural Commercial Bank.
Commenting on Williams’ retirement, ANZ CEO Shayne Elliott said: “Over the past six years, Nigel has led the transformation of the Risk function with a focus on data analytics, automated decision making and cyber security. He has also played a leading role in the resolution of a number of business and regulatory issues, and in significantly improving ANZ’s risk profile.
“After 33 years in banking, Nigel’s intention is to pursue a career as a non-executive director. This is a natural next step given his banking and data experience, and background on a number of boards at ANZ and externally including NZX Limited and the New Zealand Government’s Taskforce on Capital Markets Development.
ANZ said it will announce a successor to Williams early in 2018.