ANZ has appointed John Daley as managing director of its 100 per cent owned online broking business Etrade.
Daley, who currently heads ANZ's margin lending division, will report to ANZ head of investment and insurance products Geoff Cohen and takes up his new position on July 1.
The move follows the completion this week of the compulsory acquisition of all shares in Etrade which ANZ did not already own.
"Completing our acquisition of Etrade Australia is a further step in accelerating growth in convenient and simple wealth management and investment services," Cohen said.
Daley replaces Brett Spork who departs after four years at the helm.
ANZ's bid to take control of Etrade began in February.
