The bank has appointed an acting chief economist while the search for a permanent holder of the post is completed.

Australia and New Zealand Banking Group has appointed Richard Yetsenga as acting chief economist, reporting to acting managing director for markets Shayne Collins.

The move follows the resignation of Warren Hogan, as announced yesterday by ANZ.

“Warren has established a reputation as one of Australia’s leading economic commentators and built a world-class team providing our customers with economic insights throughout the region. I would like to thank him for his significant contribution over the last ten years and wish him well in the future,” said Collins. “We are fortunate to have an economist with Richard’s experience in financial markets able to step in while we search for a permanent replacement.” 

Hogan said: “While it’s never an easy decision to leave such a rewarding role, the timing is right to pursue other opportunities and spend more time with my young family."

Yetsenga joined ANZ in 2011 and was most recently global head of financial markets research, responsible for economic research across all ANZ’s financial markets products. Prior to this he held senior economic research roles at HSBC, Deutsche Bank and the Australian government. 

His appointment is effective immediately while a search for a permanent replacement is completed.