ANZ Bank Appoints Mary MacLeod To CFO Of International and Institutional Banking

ANZ today announced Mary MacLeod has been appointed CFO, International and Institutional Banking, reporting to Chief Financial Officer Shayne Elliott and CEO International & Institutional Banking Andrew Géczy.

The role is responsible for managing the financial performance and regulatory reporting for International and Institutional Banking across ANZ’s 33 markets.

Ms MacLeod was Deputy CEO of ICBC International and prior to this worked in a range of senior executive roles in global banking and corporate finance roles at Deutsche Bank in Australia, New Zealand and Asia.

Mr Elliott said: “Mary’s significant international banking experience coupled with her strong understanding of the regulatory landscape in our key regions will bring additional strength to both our finance and IIB leadership teams.”

Ms MacLeod, a trained accountant, will join ANZ in October starting in Hong Kong before relocating to Melbourne.

Group Treasurer Rick Moscati will continue as acting CFO IIB and will assist Ms MacLeod with her initial transition, while Adrian Went will continue as acting Group Treasurer.

Telstra Launches Future Of 4G In Perth, Mildura, Griffith And Mt Isa

Telstra customers in Perth, Fremantle, Esperance, Mildura, Mt Isa and Griffith will be the first to experience the next generation of 4G services after Telstra announced it would start commercial trials of 4G services on the 700MHz spectrum and switch on ultra-fast 4G Advanced technology.

Telstra will conduct commercial trials using 20MHz of the 700MHz spectrum band at six locations around Australia ahead of rolling out more 4G 700MHz services in a range of cities and regional centres from January 2015.

Mike Wright, Telstra Group Managing Director Networks said the early access will help ensure Telstra customers remain at the forefront of mobile technology.

“This spectrum operates at a lower frequency that will give our customers better 4G coverage in buildings, lifts and car parks,” Mr Wright said. “Our superior spectrum holding is significant and as customers take part in this commercial trial, they will experience faster speeds compared with other services in this band.

“4G Advanced technology is the next evolution of our 4G service and brings together two spectrum bands – 700MHz and 1800MHz – to serve up ultra-fast data speeds. It will be capable of providing customers double the speeds they currently experience on the 4G network, plus better 4G coverage indoors and beyond.

“In addition to faster speeds, this combination of two spectrum bands also doubles the 4G capacity of our network, which means it can support more customers, using more devices, doing more of the things they love at the same time. This is particularly important given the continued explosion of mobile data.”

The addition of new 700MHz spectrum to existing 4G technology and its use alongside other bands represents a major investment in the future of telecommunications in Australia and means Telstra can continue to deliver a superior mobile experience for its customers well into the future.

Telstra currently offers a range of 4G devices that are compatible with the new 700MHz spectrum, including the HTC One M8 and the Samsung Galaxy S5, as well as one 4G Advanced mobile broadband device. A range of new smartphones and other connected devices compatible with 4G 700MHz is expected before the end of 2014.

“After completing successful testing of the network in Perth, Fremantle and regional New South Wales we are pleased to be able to have customers start trying the new network for themselves when we switch it on in the coming weeks,” Mr Wright added.

“The commercial trial will also allow us to test how our use of the 700 MHz band interacts with wireless audio devices that are still able to be used by the community in this spectrum until the end of 2014.”

Qantas and MasterCard Announce New Generation Frequent Flyer Card

Qantas has announced major improvements to its Frequent Flyer program, with a host of new features that Australian-based members can unlock with a new chip-enabled card.

The next generation Qantas Frequent Flyer member card will have in-built prepaid functionality, called Qantas Cash™, which will enable members to transfer money onto the card and use it for shopping at 35 million locations where MasterCard is accepted. Members will also have the opportunity to earn points on eligible transactions.

Doubling as a travel card, members will be able to withdraw cash and foreign currency from over 2.1 million ATMs in Australia and overseas, in addition to existing functions of the current Frequent Flyer card, such as faster, smarter check-in at airports and serving as a boarding pass.

The new cards will be available to Australian-based members from the third quarter of 2013.

Qantas Loyalty CEO Lesley Grant said the Qantas Cash™ feature would make the new generation card indispensable for many people.

“There are more than nine million Qantas Frequent Flyer members and we are investing in making their membership card even more valuable,” said Ms Grant.

“The Qantas Cash feature will tap into the rapidly expanding area of electronic payments as people shift from cash to cards, and let members earn points from these transactions.”

“This new generation card will open the door to a lot of other uses through smart chip technology and the ability to integrate it with mobiles, meaning the sky really is the limit,” said Ms Grant.

Key features of the card will be:

– Single card for multiple purposes: loyalty membership, airline check-in and boarding, everyday purchases, travel money card.

– Load up to nine different currencies on the card, lock in exchange rates, and use it for in-store transactions when travelling overseas, to withdraw foreign currency from ATMs internationally or to purchase online.

– Earn Qantas Frequent Flyer points for making eligible purchases on the card.

– The ability for Bronze Frequent Flyers to use their card to check-in at airports and as their boarding pass (currently only available to Silver, Gold and Platinum card holders).

– Several layers of security, including chip, PIN and signature to authorise transactions and ongoing fraud protection provided by MasterCard’s Zero Liability.

Ms Grant said the new features announced today represented one of the biggest leaps in innovation for the Qantas Frequent Flyer program since it started in 1987.

“Frequent Flyer is one of the core strengths of the Qantas Group portfolio, and it has succeeded because its members are passionately involved in the program,” she said.

“It’s not just another card in your wallet – it is a passport to a family holiday, or an upgrade to Business Class or a new appliance.”

“By diversifying the uses of the card and creating a new way to earn Frequent Flyer points, we are increasing engagement levels of our members and the value of the program to our partners,” added Ms Grant.

Qantas will join with MasterCard and other financial service providers that will deliver the electronic payment function and hold funds loaded on the card.

MasterCard Australasia Division President, Eddie Grobler, said the new multi-purpose card announcement is a game changer.

“We’re proud to partner with Qantas and bring our expertise in payment technology to drive an Australian-first. The new card combines everyday spend and travel, which allows users to speed through the airport check-in the same way they do when buying their groceries with PayPass technology,” said Mr Grobler.

“We are witnessing a growing trend in Australia, with consumers actively moving away from using cash in favour of electronic payments and card products.”

“The new generation Frequent Flyer card featuring Qantas Cash directly appeals to those who prefer the convenience and security of a payment card over handling cash,” Mr Grobler added.

A detailed Product Disclosure Statement will be made available closer to the time of launch.