Former ANZ banker Steve Bellotti relists in Mosman
The former ANZ banker Steve Bellotti has his redundant Mosman trophy mansion relisted for sale.
The ABZ bank's former global head of markets is switching from one Mosman mansion to another.
Both are on Iluka Road. Bellotti paid $9.5 million for the latest place in 2014, only to knock it down and rebuild. It had been on and off the market for seven years before its sale, at well below its initial $15 million asking price.
His first acquisition on the strip was in 2010 costing $9 million. Simeon Manners have the listing which is a three level home designed by architects Gartner Trovato and completed in 2009.
Situated on over 1,100sqm of Sydney Harbour watefront reserve, the house comes with over 500sqm of floor space. It was unsuccessfully for sale for most of 2014 when there were $12 million expectations.
He and wife Carrie Hayes Bellotti, the owner of an Aspen spa and yoga studio, are bunkered down at the Palm Beach beachfront which cost $8.4 million in 2011 as the new home gets finished.
It was last November when the AFR noted his "shock" resignation of global head of markets, replaced by Eddie Listorti, who also has homes at Mosman and Palm Beach.
Listorti, who joined ANZ six years ago from Dresdner Kleinwort was the bank's global co-head of fixed income, currencies and commodities.
Bellotti also joined ANZ in 2010.
He was once the boss of John Key, now the New Zealand PM, while at Merrill Lynch.