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Australia

AGL walks away from Vocus

It is not market-moving news, but ANZ said on Monday that David Hisco, its New Zealand unit's chief executive officer, would leave the bank after concerns were raised about personal expenses. Antonia Watson will take over as acting chief executive, replacing Hisco, who has been facing health issues. He has been with ANZ more than 30 years, and CEO of ANZ New Zealand since 2010, according to the company's website.

ANZ said in a statement its board expressed concern over certain transactions following an internal review of personal expenses, while the lender added that Hisco did not accept all concerns raised by the board.

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