ANZ on August 11 announced the appointment of Farhan Faruqui as chief financial officer (CFO) reporting to CEO Shayne Elliott. Having joined ANZ in 2014, Faruqui is currently group executive, international, where he is responsible for ANZ’s institutional business in 19 markets across Asia, Europe, the Middle East and America.

Before joining ANZ, Faruqui had an extensive international banking career at Citi where he held senior roles, including head of Citi’s corporate and investment bank in Asia-Pacific as well as its global loans and capital markets business in the region. He was also country officer for several countries in Africa and Europe.

In his new role, Faruqui will have responsibility for all aspects of finance as well as treasury, mergers and acquisitions, and investor relations. He will remain a member of the group executive committee.

Elliott says Faruqui’s appointment follows a comprehensive global search and “pleased to be able to appoint one of our most experienced executives”. He notes that Faruqui has played a crucial role in the reshaping of ANZ’s institutional and international business as a critical part of the bank’s overall franchise.

Faruqui will be based in Melbourne and will commence in the role in October, subject to meeting regulatory requirements. He succeeds Shane Buggle, who is retiring as CFO in October after a career with ANZ spanning 25 years.