Michael Smith: ANZ's rough diamond bows out

Michael Smith bows out as CEO of ANZ on December 31 after eight years. Total assets and profits have more than doubled but his Asia-focused strategy hasn't always won applause.

Michael Smith: ANZ's rough diamond bows out

Sometimes bombastic and always candid, Michael Smith will be remembered as the man who went out on a limb to augment ANZ’s Asian banking strategy. 

In December, Smith resigns as chief executive of the Australian bank after eight years at the helm. During this period, ANZ’s total assets more than doubled to A$890 billion $644 billion and profits nearly doubled to A$7.2 billion.

Smith hasn’t always been applauded for...

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