Former lawyer made ANZ Bank CFO

Michelle Jablko has been appointed chief financial officer at ANZ Bank, the only woman to hold the position at a big four bank.

ANZ has been without a long-term CFO for several months and the appointment follows a restructure of parts of the business by chief executive Shayne Elliott, who took up the top job at the bank late last year. He has appointed new leaders of the Australian and institutional businesses, alongside a new digital boss, former Google Australia chief Maile Carnegie.

High-profile clients

Ms Jablko is now an investment banker but began her career as a lawyer at Arthur Robinson & Hedderwicks, specialising in M&A and financial law. She joins ANZ from Greenhill and Co where she worked as Australia managing director and previously held an executive position at UBS. According to a report by the Sydney Morning Herald, while working at Greenhill and UBS, Ms Jablko has acted as an advisor to a string of high profile clients – including AMP, Solomon Lew and Slater & Gordon – on strategy, capital markets and M&A.

Changing direction

Ms Jablko joins ANZ as the business looks to offload its minority stakes in several Asian banks, and Reuters on Monday reported it is considering plans to potentially sell its life insurance business. One analyst said her experience would be very relevant to the changing direction the bank is looking to take: ‘There's restructuring that needs to take place, and there are assets that need to be sold,’ TS Lim of Bell Potter said. ‘A CFO with and M&A background will be in a good position to manage these processes.’

Source: Australasian Lawyer

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