The latest senior appointments in the Asia-Pacific region.

Australia and New Zealand Banking Group has named Chris Raciti as its new Korea chief executive, reporting to Grant Knuckey, CEO of Japan. Raciti replaces Tareq Muhmood, the previous Korea CEO who left ANZ this year to pursue opportunities outside of the bank.

Raciti starts his new role in December, subject to regulatory approval, and will be based in Seoul. He is head of loan syndications and specialised finance for ANZ in North Asia, managing leveraged acquisition finance, specialised asset finance, project export finance and advisory across Hong Kong, China, Taiwan, Japan and South Korea.

Having joined the bank’s Corporate and Institutional Banking division as a graduate in Australia in 2002, Raciti relocated to Seoul in 2005 to focus on capitalising business opportunities for multinationals and globally-oriented Korean corporates. Since then he has held roles in loan origination and syndication in both Singapore and Hong Kong.

In October ANZ appointed Alisdair Creanor as the chief executive of Cambodia, reporting to Dennis Hussey, CEO for Vietnam and head of the Greater Mekong region. Creanor is based in Phnom Penh. The predecessor in the role, Leonie Lethbridge, left in June after having served just more than a year.

Among recent developments, ANZ, which has moved to spin off a number of its business lines in recent months amid a restructuring move, reported a statutory profit after tax for the full year ending September 2017 of A$6.41 billion ($4.94 billion), up 12 per cent on a year earlier. The bank also announced that its buffer capital, as measured by the Common Equity Tier 1 approach under international banking stands, had increased to 10.6 per cent, up 96 basis points.