The banking group reported stronger results and a rise in assets under management.

Australia and New Zealand Banking Group yesterday reported a statutory profit after tax of A$7.5 billion ($5.3 billion), a gain of 3 per cent on a year earlier, while profits of its global wealth arm rose at a faster clip of 11 per cent. 

ANZ declared a final dividend of 95 cents per share, with the total dividend for its 2015 financial year up 2 per cent; earnings per share held unchanged at 260.3 cents, reflecting an expanded issuance of shares following the capital-raising move in recent months.

The results were issued almost a month after Sydney-listed ANZ announced that Shayne Elliott, the lender’s chief financial officer, is to become chief executive when Mike Smith, current CEO, steps down in January next year. 

At the global wealth division, there was “positive” performance across all business units, the firm said.

ANZ said its private wealth business continued to deliver growth through customer focused investment solutions – with funds under management rising by 22 per cent and customer deposits up by 33 per cent from a year earlier. 

Funds under management now exceed A$4.3 billion.

The reporting period is to 30 September.