ANZ pays 10% in Dividends, page-234

Well done Mr Elliott for making decisions which should have been made years ago. ANZ's WM business has been in total disarray under the leadership of Joyce Phillips. As a shareholder & customer remain baffled as to what exactly their wealth proposition stands for. Yet all we would hear from Ms Phillips the past 4 years encompassed obscure digital strategies & affirmative action matters. No talk of building a concise WM strategy, driving an efficient & effective proposition by tying up the unwieldy parts of the business etc.

Mystifies me that senior executives of this ilk, who clearly have the wrong skill set are placed in positions of seniority & influence (not to mention get paid vast sums of money). Mr Elliott however must be applauded for ditching Phillips, bringing in Ms Carnegie (has the appropriate pedigree) & unwinding the standalone WM business.

Lets hope he does the same in Asia. By all accounts some muppets running the show there as well.
The WM head in Asia (also a yank) apparently an absolute shocker when it comes to technical knowledge & basic savvy/know-how...laughing stock amongst the WM community in that part of the world. Yet again wrong people placed in jobs of importance.
Lets hope the years of waste comes to an end & resources can be efficiently placed back in profitable businesses domestically.