International banker appointed Hanover ceo

Wednesday, May 9th 2007, 11:23AM
Hanover Group has appointed New Zealander Sam Stubbs as its new group chief executive officer (ceo).

Stubbs, who has extensive international banking and finance experience, spent the past ten years with Goldman Sachs in London and Hong Kong and has wide international experience in funds management and asset financing. He is a graduate of the University of Auckland and is married with two young children.

Current group ceo, Andrew Schmidt, will continue to focus on M&A and private equity work for the Hanover Group. Schmidt has provided the Group with sound leadership during a critical period and is responsible for many of the advances Hanover have made as an organisation. He was closely involved in the selection of his successor and believes that Hanover will be very well served in Stubbs.
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