The Australia and New Zealand Banking Group Limited is an Australian banking and financial services company.
The Company was founded in 1970 and has its headquarters in Docklands, Australia. Michael Smith is the CEO and John Morschel is the Chairman. The bank has an employee strength of 50328 according to Forbes. It provides various banking services to corporate, retail, and institutional clients. The products include Consumer Banking, Finance and Insurance, Private Equity, Investment Management, Investment Banking, Corporate Banking Global wealth Management, Mortgages, Credit Cards and Loans etc. The different segments of the bank are: Retail Products, Retail Distribution, Wealth, Commercial Banking in Australia; ANZ Bank, UDC Finance, Bonus Bonds, Direct Broking in New Zealand. It is ranked third among the banks based on total assets figure .It also operates in other countries like UK, US but Australia division handles commercial and retail banking. It is ranked 75 in Forbes global 2000 and has a market capital of $77.6bn. Forbes calculate Global 2000 by compiling a composite score for each company based on their rankings for profits, sales, assets and market value. The highest composite score gets the highest rank and then the ranking of Forbes 2000 is done in descending order.