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New directors for finance company manager

The Crown's finance company clean up company has six new directors.

Monday, March 12th 2012, 6:53AM

The Government has appointed six new board members to Crown Asset Management(CAML).

CAML is the body leading the management and recovery of six finance companies in receivership which were covered under the Crown Retail Deposit Guarantee.

The appointees are Gary Traveller (chairman), Peter Castle (deputy chair), Debbie Birch, Steven Fyfe, Keiran Horne and Steve Smith.

"As experienced commercial directors and insolvency practitioners with varied backgrounds including banking, law, accounting and finance, the board is well placed to assist the company to provide a better return to the Crown by maximising returns and minimising costs," Finance Minister Bill English said.

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