Briefs: Comerford quits Genworth, Macquarie completes capital raising, ANZ's Elliott to focus on hom
Ellie Comerford has stepped down from her role as chief executive of Genworth Mortgage Insurance Australia. She will remain with the company in an advisory role until May next year. Genworth chief financial officer Georgette Nicholas has been appointed acting CEO, with immediate effect, and the head of investor relations, Luke Oxenham, has been appointed acting CFO. The Australian Financial Review reported that Genworth may face an investor backlash after losing its CEO just a year after listing in the ASX. Macquarie Group completed a A$400 million capital raising on Friday. Macquarie will issue five million new fully paid ordinary shares at $80 a share following an institutional placement. The funds will go towards Macquarie's $8.2 billion purchase of ANZ's Esanda dealer finance portfolio. ANZ's incoming chief executive Shayne Elliott has given an interview to the Australian Financial Review in which he said his ambition was to increase the bank's share in the domestic mortgage market. Elliott said the bank's expansion in Asia may go through a period of consolidation. The report also quoted the bank's chairman, David Gonski, who said the bank's Asian strategy had to be adapted to the current environment.