Strategic hire made as ANZ tightens operations
ANZ has appointed Troy Fedder as its new general manager of proprietary lending, marking another significant leadership move at the bank during a period of transition and restructuring.
Fedder announced the appointment on LinkedIn, writing: “I’m pleased to share that I’m starting a new role with [ANZ] as general manager proprietary lending. I’m excited for this next chapter and I’m looking forward to building a great business with ANZ.” He added that he was leaving Suncorp Bank after five years, “with so many wonderful memories” and thanked colleagues for their support.
The move comes as ANZ undergoes one of its largest leadership reshuffles in years. Former HSBC executive Nuno Matos took over as chief executive in July, succeeding Shayne Elliott, who stepped down after nine years at the helm. Matos has moved quickly to assert control, announcing sweeping structural reforms.
At the same time, long-serving chief risk officer Kevin Corbally transitioned to managing director of capital management in the institutional division. Corbally had held the CRO post since 2018, steering ANZ through the fallout of the banking royal commission, the pandemic, and regulatory setbacks.
The leadership changes and restructuring underscore Matos’s push to reduce costs, simplify operations and strengthen risk controls. “As we continue our strategic review, we are eliminating duplication and complexity, stopping work that doesn’t support our priorities and sharpening our focus on improving our non-financial risk management practices across the bank,” Matos said earlier this month.
The cuts, which include 3,500 permanent roles and 1,000 contractor positions, have been described by the Finance Sector Union as reckless. “ANZ is betraying 3,500 workers in one of the world’s most profitable banking sectors, cutting jobs simply to chase even bigger profits,” said FSU national president Wendy Streets.
Analysts have noted that while customer-facing mortgage roles are expected to be spared, the changes could reshape service delivery across the group.
