Australian bank ANZ has received regulatory approval for the appointment of a new «President Director», for its Jakarta based business, PT Bank ANZ Indonesia.

The bank has announced that Vishnu Shahaney, who has been CEO, ANZ Singapore since 2010, will take up the new role in the coming weeks. Shahaney was instrumental in building ANZ's Singapore business into a Qualified Full Bank and one of the Melbourne headquartered bank's two regional business hubs in Asia.

He has held a number of senior management positions at ANZ across corporate, institutional, transaction banking and risk in Australia, Singapore and India. 

Broad Regional Experience

His previous roles include Managing Director, Corporate Banking, Australia; Head of Risk for Corporate and Private Bank, Australia; Head of Transaction Banking & Specialised Lending, Asia Pacific, Europe & America; Acting CEO for Asia and Managing Director for Greater Mekong.

In the new role Shahaney will report to Group Executive International Farhan Faruqui.

«I'm confident Vishnu Shahaney will grow returns from our Indonesian business as we consolidate our leading position connecting Institutional clients with opportunities across Asia Pacific,» Faruqui said.

Shahaney will be replacing Joseph Abraham, who will be leaving ANZ at the end of his term after more than seven years in the role.