ANZ Group Holdings Limited (ASX: ANZ) has named Tammy Medard as its new Group Executive, Business and Private Bank, effective 1 May 2026. The announcement was made on 12 Mar 2026, marking a significant leadership transition within one of the bank’s key divisions.
 
Figure 1: Tammy Medard, newly appointed Group Executive of the Business and Private Bank division at ANZ Group Holdings Limited. [Courtesy: ANZ]
Ms Medard steps into the role following Clare Morgan, who is departing ANZ after establishing the ANZ Business and Private Bank division as a standalone unit and laying the groundwork for its long-term growth strategy.
Tammy Medard Brings Institutional Banking Experience to the Role
A Career Built Across ANZ’s Most Complex Markets
Ms Medard is currently Managing Director, Institutional Australia and Papua New Guinea at ANZ. In that capacity, she has overseen relationships with approximately 3,500 institutional customers across those markets.
Since joining ANZ in 2009, Ms Medard has held senior positions across the bank’s Institutional and Risk divisions, with experience spanning both Australia and Asia. Her appointment to the ANZ Business and Private Bank division is subject to regulatory approvals.
Reporting Structure and Executive Responsibilities
Ms Medard will report directly to ANZ Group Chief Executive Officer Shayne Elliott’s successor, Mr Matos, upon taking up the role. She will also join ANZ’s Executive Committee as part of the transition.
Her remit will include leading the ANZ Business and Private Bank division, improving the customer experience, and driving performance in line with ANZ’s 2030 strategy.
Clare Morgan Departs After Establishing the Division
The Outgoing Executive’s Contribution to ANZ
Clare Morgan exits ANZ having achieved a defined mandate. She was responsible for establishing the Business and Private Bank as a standalone division, resetting its performance, and developing a digital strategy for the unit.
Figure 2: Clare Morgan, outgoing executive who established ANZ’s Business and Private Bank division as a standalone unit. [Courtesy: ANZ]
Mr Matos acknowledged Ms Morgan’s contribution directly, describing her as a highly professional leader whose expertise had been valued since he joined the organisation. Ms Morgan will remain at ANZ to support a comprehensive handover through to Ms Medard’s commencement on 1 May 2026.
Who Leads ANZ Business and Private Bank and Why It Matters?
A Leadership Change Aligned to ANZ’s 2030 Strategy
The question of who leads ANZ Business and Private Bank is directly relevant to investors and business customers watching the bank’s strategic direction. Mr Matos described Ms Medard as an experienced and customer-focused business banker who played a central role in building ANZ’s market-leading institutional franchise in Australia.
The ANZ leadership announcement signals a deliberate shift, bringing institutional banking expertise into the business and private banking segment. ANZ has positioned this appointment as part of its broader plan to extend the strengths of its institutional operations to its business customer base.
ANZ Share Price
ANZ Group Holdings Limited (ASX: ANZ) is currently trading at $37.050 per share. The Company carries a market capitalisation of $114.47 billion. The 52-week range stands at $26.220 to $41.000 per share.
Figure 3: Share price performance of ANZ Group Holdings Limited [Courtesy: ASX]
Industry Outlook
The Australian business banking sector remains competitive, with major banks investing in digital transformation and deepening their service offerings for small and medium enterprises. Leadership continuity and strategic clarity at the divisional level are increasingly important as banks navigate evolving customer expectations and regulatory requirements. ANZ’s focus on its 2030 strategy reflects a broader industry trend of long-horizon planning within Australia’s big four banking landscape.
Future Direction and Impact
The ANZ Business and Private Bank division enters a new chapter under Ms Medard’s leadership, with a clear mandate tied to customer experience and growth performance. Her institutional banking background suggests ANZ intends to bring more sophisticated financial solutions to its business banking customers.
For investors tracking the ANZ leadership announcement, the transition is orderly and structured, with Ms Morgan remaining through to the handover. Whether Ms Medard can accelerate the division’s performance beyond the foundations already laid will become a measure of ANZ’s 2030 strategy in practice.
Frequently Asked Questions
Q1. Who leads ANZ Business and Private Bank from May 2026?
Ans. Tammy Medard has been appointed Group Executive, Business and Private Bank, effective 1 May 2026. She succeeds Clare Morgan, who established the division and is departing ANZ following a transition period.
Q2. What is the ANZ Business and Private Bank division?
Ans. The ANZ Business and Private Bank division is a standalone unit within ANZ Group Holdings Limited that serves business and private banking customers. It was established under Clare Morgan and is now entering a new phase of leadership.
Q3. What experience does Tammy Medard bring to the ANZ leadership announcement?
Ans. Ms Medard has been with ANZ since 2009 and most recently served as Managing Director, Institutional Australia and Papua New Guinea. She has held senior roles across ANZ’s Institutional and Risk divisions in Australia and Asia.
Q4. What did Clare Morgan achieve at ANZ?
Ans. Clare Morgan established the Business and Private Bank as a standalone division, reset its performance, developed its digital strategy, and laid the foundations for future growth before departing the organisation.
Q5. Is the appointment of Tammy Medard confirmed?
Ans. The appointment is subject to regulatory approvals. Ms Morgan will remain at ANZ to support the transition through to Ms Medard’s commencement on 1 May 2026.
Disclaimer
This article is intended for informational purposes only and does not constitute financial or investment advice. All content is based on publicly available information and the official ANZ Group Holdings Limited news release dated 12 Mar 2026. Investing in securities involves risk, including the possible loss of principal. Readers should conduct their own research and seek independent financial advice before making any investment decisions. Colitco does not hold any position in the companies mentioned.
Sources
ANZ Group Holdings Limited — Business and Private Bank Leadership Changes, News Release, 12 Mar 2026 https://www.anz.com.au/content/dam/anzcomau/mediacentre/pdfs/mediareleases/2026/march/20260312%20-%20Business%20Private%20Bank%20leadership%20changes%20-%20FINAL.pdf
ANZ — Tammy Medard
ANZ — Clare Morgan
https://www.anz.com.au/content/dam/anzcomau/bluenotes/images/articles/2023/August/Screenshot%202023-08-03%20at%209.55.50%20am.png
ASX — ANZ Group Holdings Limited (ASX: ANZ) Company Page
https://www.asx.com.au/markets/company/ANZ
