Australia & New Zealand Banking Group Ltd. unit ANZ New Zealand Investments Ltd. appointed Alan Clarke and Maaike Van Tol co-heads of diversified portfolio management.

Clarke is responsible for the selection of ANZ Investments' external managers, as well as leading ANZ's responsible investment capabilities. Van Tol has been a senior asset allocation manager with ANZ Investments, focusing on strategic and tactical allocation.

The appointments follow the resignation of Stuart Millar, ANZ Investments' former head of diversified portfolio management. Millar resigned to pursue another opportunity.