WEALTH MANAGEMENT | Cesar Tordesillas, Singapore

ANZ Asia's private banking head resigns

Nina Aguas has left her posts as managing director of ANZ's Asia-Pacific private banking arm to pursue other opportunities.

Aguas, who was based in Singapore and was responsible for the private banking franchise in the region, has left after three years at the bank. She joined ANZ in 2009 as managing director of the retail bank in Asia.

Prior to joining ANZ, Aguas spent 25 years at Citigroup in various senior positions including managing director and head of corporate centre compliance in New York and country business manager of the global consumer group in the Philippines, as well as regional head of audit and risk for Asia-Pacific.

"I can confirm Nina Aguas has resigned, and that her successor will be announced shortly," a spokesperson for ANZ said.

The news comes in the same week as Australia’s third largest bank confirmed 130 redundancies in its retail and commercial back-office, mainly in Melbourne. These are expected to be the first wave of more cuts to be made in the coming months, with a total of as many as 900 reported in local media. However, the Asia-Pacific business is unlikely to be affected.

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