Former Westie in line for $8m pay package

Incoming ANZ group chief executive Shayne Elliot. Photo / Supplied

Kiwi Shayne Elliott, the son of a builder who grew up in Te Atatu South, is in line to earn up to of A$6.3 million (NZ$8m) a year in his new role as chief executive of the ANZ Group across the Tasman.

A University of Auckland graduate and former Waitakere College pupil, Elliott now lives in Melbourne with his family.

Elliott, the bank's current chief financial officer, will take over in the role from January 1 next year.

He replaces ANZ chief executive Mike Smith, who is stepping down after eight years in the job.

Elliott joined ANZ in 2009 as the head of its institutional branch where he was responsible for the bank's largest corporate and financial institutional customers across 32 countries.

Prior to that he had a long career with Citibank including a time as chief executive of the Egypt office.

Elliot - a keen All Blacks fan and home handy man - tweeted his thanks to Smith today once the announcement was made.

His likely pay packet includes a base salary as well as short term and long-term incentives.

The appointment ends speculation that ANZ New Zealand's chief executive David Hisco would get the top job.

Thanks @MikeSmith_ANZ You're leaving a great bank to build from. Honoured to be working w/ our people in 34 markets to support customers

— Shayne Elliott (@ElliottShayne) September 30, 2015

See Elliot's CV below:

2012 - present: Chief Financial Officer, ANZ
2009 - 2012: CEO Institutional, ANZ
2006 - 2009: Chief Operating Officer, EFG-Hermes
2003 - 2006: Chief Executive Officer, Citigroup Global Transaction Services Asia Pacific
2001 - 2003: Chief Executive Officer, Citigroup Corporate Bank Australia/New Zealand
1998 - 2001: Chief Executive Officer, Citibank Egypt
1997 - 1998: Vice President, Strategic Planning, Citibank New York
1992 - 1997: Head of Investor Derivative Sales, Citibank London
1985: Joined Citibank New Zealand as a Management Trainee