ANZ Bank New Zealand Ltd. named Antonia Watson acting CEO after CEO David Hisco extended his sick leave, The New Zealand Herald reported May 30, citing the bank.

Watson heads the lender's retail and business banking operations.

In a note to the bank's staff, Watson said Hisco's prognosis is "good" so long as he slows down and takes time off to recover.

ANZ Bank New Zealand is a unit of Australia & New Zealand Banking Group Ltd.