Body blow for Troup

ANZ has announced the establishment of a new wealth management business and the departure of current OnePath CEO Helen Troup.

Troup is leaving the business after successfully managing ANZ’s transition to full ownership of OnePath (formerly ING New Zealand) , and the new wealth business will be headed by the current private banking and wealth managing director John Body.

The new wealth business, ANZ Wealth, aims to create a simpler, integrated business structure bringing together all of ANZ’s wealth business brands including OnePath, Wealth Direct and the investment and insurance specialists in the ANZ and National Bank brands.

“It’s now the right time to develop a more integrated approach for our wealth businesses and brands,” said the ANZ New Zealand CEO David Hisco.

“The new wealth business will help deliver complete investment and insurance solutions for our customers in New Zealand and support our growth aspirations in the segment through the continued commitment we have to both the bank and independent advisors.”

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