Pakistani banker appointed to top position in a global bank

Islamabad, August 11 (INP): Farhan Faruqui, an eminent  international banker, has been appointed as Group Chief Financial Officer of the Australia and New Zealand Banking Group (‘ANZ’).

The bank was founded in 1835 and had later purchased Grindlays and other banks. It is one of the largest banks in the world measured by total assets of more than AUD one trillion, and 50,000 employees.

It services many millions of customers in North America, Europe, Middle East, India, and throughout ASEAN countries, Australia and New Zealand. Mr Faruqui was heading the Bank’s  international and institutional business since he joined it in 2014.

The CEO of ANZ,Shayne Elliott, who had previously also been the CFO of the Bank told the media that the Bank had conducted a rigorous global search and Farhan came out on top owing to his experience running large teams, managing complex businesses across multiple geographies, and for delivering outstanding results.

According to the Bank’s press release, Faruqui had an extensive international banking career (of more than 20 years) at Citigroup where he headed corporate and investment banking as well as global loans and Capital Markets business for the Asia Pacific Region (including China, Japan, India, Australia and other ASEAN countries).

Earlier, he also held Citibank’s country head positions in Europe and Africa. Prior to that he had worked in Exxon and in ICI.

Based in Melbourne, Faruqui will have responsibilities for all aspects of ANZ’s Finance, Treasury, Mergers and Acquisitions and Investor Relations.