For Release: 14 October 2005
Sir John Anderson to retire as Chief Executive of ANZ National. Graham Hodges appointed as successor
ANZ today announced that following one of the most successful careers in banking, Sir John Anderson, Chief Executive of
ANZ National Bank Limited, has decided to retire.
Mr Graham Hodges, currently ANZ Group Managing Director Corporate and a member with Sir John of the ANZ Management
Board, has been appointed as his successor.
Sir John will retire on 31 December 2005. Mr Hodges will join him in New Zealand as Chief Executive Designate from 1
November and formally as Chief Executive of ANZ National effective 1 January 2006.
ANZ Chief Executive Officer Mr John McFarlane said: “We have been incredibly fortunate to have Sir John lead the
integration of The National Bank of New Zealand and ANZ.
“There is no doubt that Sir John’s leadership has been fundamental to the stability of ANZ National’s market share and
exceptional staff satisfaction and engagement levels, in addition to his fostering a New Zealand identity within the
Bank.” “I wish Sir John and Lady Carol every success in his retirement, and look forward to Graham building on the solid
foundation created by Sir John,” Mr McFarlane said.
Commenting on Mr Hodges, Mr McFarlane said: “Graham has been involved in building one of the most rapidly growing
businesses within the ANZ Group. Under his leadership, Corporate has consistently led the market on customer
satisfaction, and his staff engagement is among the highest in the Group.
Dr Roderick Deane, ANZ National Bank Chairman, said: “Sir John has decided to retire at the peak of his profession
having orchestrated the creation of New Zealand’s largest company and its leading bank. We wish him every success in his
retirement and thank him for his outstanding contribution to ANZ.
“As a fellow New Zealander, I also want to acknowledge Sir John’s outstanding contribution to New Zealand during his
professional career. Highlights include his leadership in conservation, education and of course in cricket, his
life-long passion. I am sure this will continue in his retirement,” Dr Deane said.
Sir John Anderson’s career in banking spans over 30 years following his role in creating Southpac in 1972. In 1987,
Southpac merged with The National Bank of New Zealand, which Sir John led through successive mergers in the 1990s,
culminating in his role in the creation of ANZ National Bank in 2003.
His contribution to business and to the New Zealand community have been recognised through numerous honours and awards,
including the New Zealand Commemoration Medal in 1990, his knighthood in 1994, and the Blake Leadership Award in 2005.
Commenting on the decision Sir John said: “At the time The National Bank of New Zealand was purchased by ANZ in 2003, I
indicated that I would lead the new organisation through the business integration process. This process is now finalised
and credit must go to the very many people who ensured this challenging integration phase was successfully completed.
“On a personal note this timing also coincided with my turning 60, which has always been my planned age to retire as an
“Our people have always been the strength of this organisation and it has been a privilege to lead the team at ANZ
National Bank. I owe a great deal of thanks to the many people who, during my 16 years as Chief Executive, have made my
time at the Bank very special.
“Our theme of superior customer service in all our brands and the solid platform we have established in the past two
years will now see ANZ National Bank going from strength to strength.
“I give my personal best wishes to all staff for every success in the future,” Sir John said.
Effective 1 January 2006, Graham Hodges will be ANZ National Bank’s new Chief Executive, based in Wellington. He arrives
in New Zealand in November to work together with Sir John Anderson to ensure a smooth transition.
Graham is currently Group Managing Director of ANZ’s Corporate Division and a member of the ANZ Management Board. The
Corporate Division is responsible for ANZ’s Australian Corporate Banking, Business Banking and Small Business customers.
Graham was previously Managing Director, Corporate and SME (Australia) and Managing Director SME (Australia and New
Prior roles with ANZ include Head of Corporate Banking (Australia and New Zealand) and various roles in Business
Banking. In 1995, Graham led a project team, which designed and rolled out ANZ’s customer profitability tool for the
Business and Institutional Bank.
Graham joined ANZ in 1991 and was appointed Chief Economist in 1992, a post he held for three years.
Before ANZ, Graham spent several years with the International Monetary Fund in Washington DC and nine years in
Commonwealth Treasury in Canberra.
Graham has a Bachelor of Economics (Hons) from Monash University.
Graham is married to Anne and has three children.
Sir John Anderson
Sir John Anderson has been Chief Executive and Director of ANZ National Bank Limited since 2003.
He is responsible for ANZ Group's New Zealand business.
Sir John had been Chief Executive of The National Bank since 1989.
He began his career in accounting, followed by sharebroking in Melbourne, before returning to New Zealand in 1972 to
help form the merchant bank South Pacific Merchant Finance (Southpac). He became Chief Executive of Southpac in 1979 and
led that enterprise through a period of expansion to 1988, when Southpac merged with The National Bank.
He managed the merger of the Rural Bank with The National Bank and also the merger of Countrywide Bank and The National
He was on the international board of the World Wide Fund for Nature for four years as well as being the New Zealand
Chairman. He was also a member of the Prime Minister's Enterprise Council from 1990 to 1999.
He was Chairman of the New Zealand Schools Consultative Group from 1992 to 1994, Chairman of Parliament's Employment
Taskforce in 1994, as well as Chairman of the New Zealand Sports Foundation.
He is currently Chairman of New Zealand Cricket and a member of the International Cricket Council Executive Board.
Sir John was awarded the NZ Commemoration Medal for Services to New Zealand in 1990 and was Knighted in 1994 in
recognition of his contribution to Banking, and services to New Zealand.
A year later he was named the National Business Review's New Zealander of the Year, and in 2003 received the Deloitte
Top 200 Management Magazine Visionary Leadership Award.
In 2005 he won the supreme prize, the Blake Medal, at the inaugural Sir Peter Blake Leadership Awards. The Award was
established in memory of New Zealand yachting legend Sir Peter Blake.