ANZ exec in charge of affordable housing strategy exits as ESG cuts continue
An executive behind more than $7 billion in social and affordable housing will part ways with ANZ, sparking concerns it could lose ground to its rivals in the rapidly growing area.
The ANZ executive behind more than $7 billion in social and affordable housing developments will exit the bank as part of broader cuts to environmental, social and governance (ESG) team.
ANZ group general manager of corporate affairs Tony Warren notified senior staff on Friday that the bank's head of housing strategy Caryn Kakas would exit on 22 January after eight years with the bank as it continues to restructure its ESG teams.
“Caryn joined us from the housing sector with a clear mission: to establish ANZ's housing purpose. Throughout her time, she has worked across all divisions of the bank, building our strategy and cementing our leadership position in the market,” Warren said in a note distributed internally, viewed by Capital Brief.
“Caryn's dedication has been instrumental in developing a "bankable" housing supply pipeline that has resulted in more than $7.37 billion worth of social, affordable, and suitable housing being built across Australia and New Zealand. This is an achievement that has supported ANZ to help communities thrive.”
