Suncorp CEO given additional role within ANZ

Suncorp CEO Bruce Rush has been given extra responsibilities. While still hanging onto the title of Suncorp CEO, Rush has also been appointed as the ANZ Group managing director, Queensland.

According to a statement from ANZ, the role will see Rush “liaising and collaborating with the Queensland Government about the ANZ Group presence and the ongoing integration of Suncorp Bank.”

Commenting on the announcement, ANZ CEO Shayne Elliott said the move is targeted at driving growth across the state: “This is a strategically important role for ANZ, with Bruce driving our aspirational plan for growth for Queensland.

“Bruce will also oversee the progress of the commitments we made to Queensland, including the establishment of ANZ’s Tech Hub in Brisbane. Our significant investment in the Tech Hub will help grow the state’s tech sector and open strong career pathways for Queenslanders, while giving ANZ a key platform to continue to deliver innovation to its customers.

“We are proud of our commitments to Queensland and Queenslanders, and look forward to playing our part to help Queensland to grow and prosper.”

According to ANZ, these “commitments to Queensland” include:

• Establishing a new major tech hub in Brisbane for technology specialists in digital, cloud and data. Over a five-year period, they will hire or place 700 people into the tech hub.
• Working with Google to deliver cloud training to tech hub employees.
• Working with Queensland universities to drive research and training in technology.
• Allocating $15 billion of new lending as part of ANZ’s existing renewable lending commitments to support Queensland renewable projects and green Olympic Games infrastructure over the next decade.
• $10 billion of new lending for energy projects particularly those targeting bioenergy and hydrogen over the next decade.
• $10 billion of lending made available to support Queensland businesses over the next three years.

Rush said he is excited for the opportunity to promote growth in his home state: “As a proud Queenslander, I’m looking forward to working with both the ANZ and Suncorp Bank teams as we pursue our growth agenda in the state.

“Queensland has significant opportunities ahead of it, and our team will work hard every day to support our customers to grow and thrive, and deliver our commitments to the state.”

[Related: Business as usual for ANZ-Suncorp amid merger]

Jack Campbell is the editor of Broker Daily. After graduating from the University of Wollongong in 2022, Jack began his journalistic career working on Broker Daily’s sister brand, HR Leader. In August 2023 he was made the news editor and worked alongside some talented journalists writing articles and recording podcasts.

To reach Jack, email him at: This email address is being protected from spambots. You need JavaScript enabled to view it.