Australia and New Zealand Banking Group has appointed a new chief executive for Hong Kong.

Australia and New Zealand Banking Group has appointed Ivy Au Yeung as chief executive for Hong Kong, reporting to the CEO for international banking, Farhan Faruqui.

Ms Au Yeung has been acting CEO Hong Kong since June 2014. Prior to her current appointment, she led ANZ’s commercial business in Asia and the Pacific, having joined ANZ in 2011 following a 20-year international banking career with Standard Chartered.

She replaces Susan Yuen who left ANZ in June to return to Malaysia. Her appointment is effective immediately having already received the necessary regulatory approvals.

ANZ has had a presence in Hong Kong since 1970 and currently has three branches and a private bank office. With 1,100 employees servicing international, global banking, retail, wealth and private bank customers, ANZ Hong Kong is also one of two regional headquarters for ANZ in Asia.

Last week, Vontobel, the Swiss bank, reported interim results and hailed the co-operation agreement it has in the region with ANZ. (To view that story, click here.)