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ANZ Research

Our dedicated researchers deliver detailed analysis and forecasts on current and emerging economic trends, as well as financial and commodity markets. While the focus is predominantly regional, the information is presented in a global context for a wide audience.

Award-winning research and insights

The ANZ Research team, located across our extensive network, 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. While our strategists cover foreign exchange, rates and commodity markets.

Together, they provide ANZ customers with detailed analysis and forecasts of current and emerging economic trends, and financial markets.

The ANZ Research team has been recognised with more than 40 top-three rankings in major industry surveys across Australia, New Zealand and Asia in the past six years, alongside numerous industry awards.

Institutional customers can access a wealth of timely information from the ANZ Research portal.

Our experts


Senior economists and strategists


Years of collective research experience


Institutions where we have worked

Research rankings

Kanganews 2022 (Fixed Income Research)

#1 for Asian markets research

#1 for sustainability and ESG research

#2 for Global markets research


Asset Benchmark Research Survey 2022

Jennifer Kusuma: ranked #6 for Pan Asia research

Sanjay Mathur: ranked #7 for Pan Asia research

Peter Lee New Zealand 2021 (Corporates)

#1 for domestic economic analysis

#1 for most useful economic analysis


Peter Lee New Zealand 2021 (Financial Institutions)

#1 for FX commentary

The team

Richard Yetsenga is Chief Economist and Head of Research at ANZ, based in Sydney. He leads the Bank's global research team, which focuses on Australia, New Zealand and Asia.

Richard joined ANZ in 2011 from HSBC in Hong Kong, where he was Managing Director of Emerging Market Strategy. Prior to his seven years at HSBC, Richard held economics roles with Deutsche Bank and the Australian Government.

Richard publishes on issues of broad economic relevance, including climate change, technology, inequality and the benefits of diversity.

The ANZ Research team has been recognised with more than 40 top-three rankings in major industry surveys across Australia, New Zealand and Asia in the past six years, alongside numerous industry awards.

Richard regularly appears on CNBC, Bloomberg TV and other regional media, his work has been published by the Lowy Interpreter, and he is an editorial contributor in the Australian Financial Review, The Australian newspaper and the Hong Kong Economic Journal.


Richard Yetsenga

ANZ Chief Economist

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


Dedicated, senior researchers on the ground in 9 cities




Sydney, Melbourne


David Plank

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


Felicity Emmett

Senior Economist
27 years’ experience


Catherine Birch

Senior Economist
9 years’ experience
ANZ (AU), Victorian Government, Namibia Nature Foundation, BIS Oxford Economics (AU)


Adelaide Timbrell

Senior Economist
7 years’ experience
ANZ (AU), KPMG, Deloitte
Access Economics, MacroPlan Dimasi


Daniel Hynes

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


Tom Kenny 

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


Kishti Sen

Economist, Pacific
21 years’ experience
ANZ (AU), BIS Oxford Economist (AU), Reserve Bank of Fiji


Somayeh Shiri

Data Scientist
4 years’ experience
ANZ (AU), Hesta


New Zealand

Wellington, Auckland


Sharon Zollner

Chief Economist, NZ
22 years’ experience
ANZ (NZ), Westpac (NZ), Central Bank of Norway, RBNZ


David Croy

Senior Rates Strategist
26 years’ experience in markets
ANZ (NZ and UK), AllianceBernstein (NZ), Westpac (NZ and UK), National Mutual Funds Management (NZ)


Miles Workman

Senior Economist
13 years’ experience
ANZ (NZ), NZ Treasury, BNZ


Susan Kilsby

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



Singapore, Hong Kong, Shanghai, Bengaluru


Khoon Goh

Head of Asia Research
23 years’ experience
ANZ (NZ & SG), NZ Treasury & RBNZ, Market Economics (NZ)


Sanjay Mathur

Chief Economist, Southeast Asia & India
31 years’ experience
ANZ (SG), RBS (SG), UBS (SG & IN), Credit rating agencies (IN)


Raymond Yeung

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


Betty Wang

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


Irene Cheung

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


Jennifer Kusuma

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


Bansi Madhavani

Senior Economist, India
9 years’ experience
ANZ (IN), India Ratings &
Research (IN), STCI Primary Dealer


Zhaopeng Xing

Senior China Strategist
10 years’ experience
ANZ (CN), National Bureau of Statistics (CN), China Financial Futures Exchange


Europe & America



Brian Martin

Senior International Economics
26 years’ experience
ANZ (UK), Europa Advisory Ltd (UK), Barclays Capital (UK), Citi (UK), Yamaichi Securities (UK)


Jack Chambers

Senior Rates Strategist
8 years’ experience
ANZ (UK & AU), Moody’s Analytics (AU), Commonwealth Treasury (AU)

Proprietary Indicators

Commercial banking intelligence augmented by a strong suite of 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

RBA Bias Index

Uncertainty Index


New Zealand

ANZ – Roy Morgan New Zealand Consumer Confidence Index

ANZ Business Outlook Survey 

ANZ Commodity Price Index

ANZ Truckometer



ANZ China Commodity Index

ANZ PBoc Watch

ANZ S$NEER Real Time Monitor

Asia Financial Conditions Index

China Monthly GDP Tracker

China Service Activity Index

CNY Fixing Model

Vietnam Activity Tracker


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