He will manage ANZ's relationship with the state government and oversee Suncorp Bank's integration into the group
ANZ has appointed Bruce Rush (pictured above) as group managing director for Queensland, alongside his existing role as chief executive officer of Suncorp Bank.
In his new capacity, Rush will be responsible for managing the major bank’s relationship with the Queensland government and overseeing the integration of Suncorp Bank into the ANZ Group.
This includes ensuring the bank meets its obligations under the implementation agreement signed with the Queensland government. Last week, ANZ completed its acquisition of Suncorp Bank.
“As a proud Queenslander, I’m looking forward to working with both the ANZ and Suncorp Bank teams as we pursue our growth agenda in the state,” Rush said. “Queensland has significant opportunities ahead of it, and our team will work hard every day to support our customers to grow and thrive, and deliver our commitments to the state.”
Commenting on the appointment, Shayne Elliott, chief executive of ANZ, said Rush’s role is “strategically important” for ANZ, as he will drive the bank’s growth plans for Queensland.
“Bruce will also oversee the progress of the commitments we made to Queensland, including the establishment of ANZ’s tech hub in Brisbane,” he said.
According to Elliott, the tech hub represents a significant investment in Queensland’s technology sector, which will create career opportunities for local talent and support ANZ’s innovation agenda. The major tech hub in Brisbane will focus on digital, cloud, and data specialisations, with plans to hire or place 700 employees over the next five years.
ANZ’s commitments also include $35 billion in new lending over the next decade, allocated to support renewable energy projects, green infrastructure for the Brisbane 2032 Olympic Games, and other energy initiatives, such as bioenergy and hydrogen. Additionally, $10 billion in lending will be made available to support Queensland businesses over the next three years.
“We are proud of our commitments to Queensland and Queenslanders, and look forward to playing our part to help Queensland to grow and prosper,” Elliott said.
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