The Australasian bank has appointed a new finance chief.

Australia and New Zealand Banking Group has appointed Michelle Jablko as chief financial officer, taking the helm from Graham Hodges, who has held the position on an acting basis. Hodges will focus on his role as deputy chief executive.

Jablko reports to CEO Shayne Elliott, ANZ said in a statement yesterday. She previously worked at investment bank Greenhill & Co, where she was managing director and co-head for Australia since 2014. Prior to this, she was at UBS in Australia from 2000. She takes up her new position on 18 July. 

Starting her career as a lawyer at Arthur Robinson & Hedderwicks, Jablko was focused on M&A, banking and finance law.  

In early May, ANZ, which has recently merged Asian retail and wealth operations, said it is carrying out a strategic review of these businesses, warning that costs associated with these areas are “significant”.

Elaborating on its wealth and retail plans in Asia, ANZ said that after expanding these businesses into Asia before the financial crisis, “much has changed in terms of regulatory and capital requirements.”