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local experts providing insights on economics, FX, Rates and Commodities; specialising in Australia, New Zealand and Asia

ANZ Research provides market-leading insights on regional and global economies, financial and commodity markets.

Our regional economics teams provide macroeconomic analysis for our key geographies: Australia, New Zealand, Emerging Asia, Greater China and the G3 economies. Our strategists cover foreign exchange, rates and commodity markets. 

Together, we provide ANZ clients and staff with detailed analysis and forecasts of current and emerging economic trends, and financial markets. We share our views through a variety of publications and presentations.


The ANZ Research team has been recognised with more than 30 top-three rankings in major industry surveys across Australia, New Zealand and Asia in the last five years, alongside numerous industry awards. Lead by Richard Yetsenga; the team has dedicated senior researchers on the ground in 11 cities.




ANZ Chief Economist

26 years' experience ANZ (AU), HSBC (HK), Deutsche Bank (AU), Aust Government

LinkedIn | Twitter


Richard Yetsenga is Chief Economist and Head of Research at ANZ. In this role, he leads the Bank's economic and markets research efforts, with a focus on Australia, New Zealand and Asia.

With more than 26 years' of experience in Asian financial services, Richard joined ANZ in 2011 from HSBC in Hong Kong, where he was Managing Director and Global Head of Emerging Market FX Strategy. Prior to his seven years' at HSBC, Richard held economics and markets strategy roles with Deutsche Bank and the Australian Government.

Richard publishes research on issues of broad relevance, including the resilience of a liberal global trading regime, the Aldi-isation of retail, India’s credible reform, what’s happening in the boardrooms of China and resisting the siren call of Australian infrastructure.


Sydney, Melbourne, Canberra

David Plank

Head of Australian Economics
28 years’ experience
ANZ (AU), Deutsche Bank (AU), Bankers Trust (NZ), NZ Government, BNZ Funds Management (NZ)
LinkedIn | Twitter

Daniel Been

Head of FX Research  
14 years’ experience
ANZ (AU), Principal Global Investors (AU), Macquarie (AU)
LinkedIn | Twitter

Felicity Emmett

Senior Economist
25 years’ experience
LinkedIn | Twitter

Cherelle Murphy

Senior Economist
19 years’ experience
ANZ (AU), Australian Financial Review (AU), RBA (AU)
LinkedIn | Twitter

Jasmine Kaur

Senior Economist
13 years’ experience
ANZ (AU), WA Chamber of Commerce (AU)

Daniel Hynes

Senior Commodity Strategist
26 years’ experience
ANZ (AU), Citi (UK & AU), Apollo Global Management (UK), Merrill Lynch (UK & AU), AME, WMC/BHP (AU)
LinkedIn | Twitter

Tom Kenny 

Senior International Economist
26 years’ experience
ANZ (AU), Nomura (AU), RBA & Treasury 

LinkedIn Twitter


New zealand

Wellington, Auckland

Sharon Zöllner

Chief Economist, NZ
20 years’ experience
ANZ (NZ), Westpac (NZ),
Central Bank of Norway, RBNZ
LinkedIn | Twitter

Elizabeth Kendall

Senior Economist
8 years’ experience

Susan Kilsby

Agriculture Economist
18 years’ experience
NZX, CRV Ambreed, ANZ (NZ)




Singapore, Hong Kong, Shanghai, Bengaluru

Khoon Goh

Head of Asia Research
21 years’ experience
ANZ (NZ & SG), NZ Treasury & RBNZ, Market Economics (NZ)
LinkedIn | Twitter

Sanjay Mathur

Chief Economist, SEA & India
29 years’ experience
ANZ (SG), RBS (SG), UBS (SG & IN), Credit rating agencies (IN)

Raymond Yeung

Chief Economist, Greater China
26 years’ experience
ANZ (HK), Swiss Re (HK), Deloitte (HK), Hong Kong Policy Research Institute, Academia

Betty Wang

Senior China Economist
10 years’ experience
ANZ (HK), Standard Chartered
(HK & CN)

Irene Cheung

Senior Strategist, Asia
29 years’ experience
ANZ (SG), ABN/RBS (SG), Chase (SG), Paribas (SG), MAS

Jennifer Kusuma

Senior Rates Strategist
12 years’ experience
ANZ (SG), BNP Paribas (SG), Standard Chartered (SG & ID), Sumitomo Mitsui Banking Corp (SG)


Arun Navaranta

Senior Economist
15 years’ experience
ANZ (IN), Morgan Stanley, Dun & Bradstreet



London, New York


Brian Martin

Head of Global Economics
24 years’ experience
ANZ (UK), Europa Advisory Ltd (UK), Barclays Capital (UK), Citi (UK), Yamaichi Securities (UK)




industry recognition


#1  Asian markets

#2  FX

#2  Global markets

#2  Australian government & semi-government bonds

#2  Supranational, sovereign & agency bonds

#3  Macroeconomics

#3  Relative value


#1  Interest rate research: Australia & Hong Kong

#1  FX research: Singapore, Taiwan, Korea, Vietnam  & Hong Kong as voted by Corporates

#2  Asian macroeconomics

#2  Commodity research

#2  Interest rate research: Philippines, Korea, Taiwan & Vietnam

#2  FX research as voted by Financial Institutions

#2  FX research: China & Australia as voted by Corporates


#1   Most useful analysis of the economy (NZ)

#1   Most useful interest rate forecasts & trend analysis, & most useful written material on strategies & recommendations (NZ FI)

#1   For corporates FX forecasting & commentary on currency markets (NZ FX)

Proprietary indicators


ANZ – Property Council Australia Survey

ANZ – Roy Morgan Australian Consumer Confidence Index

ANZ Job Advertisements  – Australia

ANZ Stateometer

ANZ Wage Gauge

Inflation Risk Indicator

Labour Market Conditions Index

Price Diffusion Index

Uncertainty Index



ANZ – Roy Morgan New Zealand Consumer Confidence Index

ANZ Business Confidence Index

ANZ Commodity Price Index

ANZ Confidence Composite Index

ANZ Job Advertisements  – New Zealand

ANZ Monthly Inflation Gauge

ANZ Truckometer

Small Business Microscope



ANZ S$NEER Real Time Monitor

CNY Fixing Model

Asia Financial Conditions Index

Asia GDP Trackers

China Service Activity Index

ANZ China Commodity Index



Global Economic Advanced Reading

Global Export Orders Index

Global Lead Index

Global Risk Aversion Index

Global Upstream Price Pressure Index

Growth Trackers

Inflation Trackers

Inventory Pulse

Macro Liquidity Index

Overall Volatility Index

Regime Identifier

Risk Appetite Indices 

US Recession Index

US Wage Leading Index

World Trade Leading Index


ACCess anz’s full research knowledge

Our research content is available to approved applicants on ANZ Live

Follow us @ANZ_Research

For a full set of relevant disclosures, please visit the link below.

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