As part of the role, George – who joined ANZ in 2013 - will take control of ANZ’s group service centres and assist Elliott with government, regulatory and employee engagement.
The appointment comes after incumbent ANZ deputy CEO Graham Hodges announced plans to step down after 27 years with the bank.
George will take the new responsibilities in addition to her current role as group Group Executive Wealth Australia and will also manage wealth partnerships following the divestment of the wealth businesses.
Elliott said the bank remained committed to offering wealth solutions because it was “important to our customers”.
“Wealth is [George’s] number-one priority but obviously there is a little bit of a horizon to that because in years’ time… we’ll have a different business,” he said.
ANZ has also announced the appointment of Mark Hand, currently Managing Director Business and Private Banking, as Group Executive, Australian Business & Private Banking.
Elliott said the move reflected the importance of small business to the bank’s strategy, which aims to position ANZ as “the best bank for people who want to start, run and grow a small business”.
“When we looked around our [executive team], we didn’t really have a voice for that,” he said. “We want to have that voice back on our table.”
Andrew Cornell is manging editor at bluenotes