tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Thursday, April 9th, 6:09PM

Mortgages

rss
Latest Headlines

Watson appointed ANZ New Zealand CEO

Antonia Watson has been appointed the permanent chief executive of ANZ New Zealand, replacing David Hisco, who departed amid an expenses scandal in June.

Wednesday, December 18th 2019, 9:58AM

Watson will take the helm of the nation's biggest lender less than six months after David Hisco left the bank, after a review into his personal expenses. 

Watson became acting CEO in May as Hisco left under a cloud, with question marks over the the bank's internal processes and controls. The bank was recently censured by the Reserve Bank over capital modelling failings and for failing to report a sale of a property to Hisco's wife.

She becomes the first Kiwi woman to lead the bank, and will hope to bring some stability to the major lender which has been beset by a series of scandals in recent years.

Watson joined ANZ in 2009 as financial controller, before becoming chief financial officer in 2012. Prior to taking on the acting CEO role, she was managing director for retail and business banking.

Sir John Key, ANZ New Zealand chairman, said Watson was "the outstanding applicant" for the role.

“Antonia is a warm, empathetic and inclusive leader who is also methodical in her thinking and forensic in her analysis,” Sir John said. “Most importantly she is authentic – what you see is her and she’ll be upfront and honest with you.”

Key said the banking sector faced challenges including "significantly increased capital, more regulation and regulatory oversight, higher customer and public expectations of financial institutions and increasing competition from new entrants to the industry".

“The board is confident Antonia has all the skills to help ANZ NZ navigate this new environment and ensure the bank flourishes,” Key added.

Watson grew up in Auckland and graduated from Otago University with a Bachelor of Commerce degree with honours. A qualified accountant, she has previously worked for KPMG in New Zealand and Morgan Stanley in London, Sydney and Budapest.

ANZ NZ will commence a process shortly to recruit a new managing director for retail and business banking, the bank said. Ben Kelleher will continue as acting managing director for retail and business banking in the near term.

 

Tags: ANZ

« Kiwibank and SBS near FAP licensing decisionANZ's chair Gonski delivers a mea culpa to shareholders »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 3.55 3.89 3.99
AIA Special - 3.05 3.39 3.69
ANZ 4.44 3.55 3.85 4.49
ANZ Special - 3.05 3.35 3.99
ASB Bank 4.45 3.55 3.89 3.99
ASB Bank Special - 3.05 3.39 3.69
Bluestone 4.44 4.44 4.29 4.34
BNZ - Classic - 3.09 3.35 3.69
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.75 4.10 4.55
Lender Flt 1yr 2yr 3yr
BNZ - TotalMoney 4.55 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - 3.15 3.15 3.19
Credit Union Auckland 5.95 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union North 6.45 - - -
Credit Union South 5.65 4.75 4.75 -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Lender Flt 1yr 2yr 3yr
Heretaunga Building Society 4.99 4.35 4.45 -
HSBC Premier 4.49 2.95 3.09 3.50
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora ▼4.43 ▼3.55 ▼3.85 ▼4.14
Kiwibank 4.40 3.84 4.14 4.40
Kiwibank - Capped - - - -
Kiwibank - Offset 4.40 - - -
Kiwibank Special - 3.09 3.39 3.65
Liberty 5.69 - - -
Lender Flt 1yr 2yr 3yr
Napier Building Society - - - -
Nelson Building Society 4.95 4.09 4.15 -
Pepper Essential 5.18 - 4.98 4.98
Resimac 4.50 ▼3.49 ▼3.39 3.94
RESIMAC Special - - - -
SBS Bank 4.54 4.85 5.05 5.49
SBS Bank Special - 3.09 3.39 3.69
The Co-operative Bank - Owner Occ 4.40 3.25 3.45 3.69
The Co-operative Bank - Standard 4.40 3.75 3.85 4.19
TSB Bank 5.34 3.89 4.15 4.49
TSB Special 4.54 3.09 3.35 3.69
Lender Flt 1yr 2yr 3yr
Wairarapa Building Society 4.99 3.95 3.99 -
Westpac 4.59 4.15 4.09 4.49
Westpac - Offset 4.59 - - -
Westpac Special - 3.09 3.39 3.69
Median 4.59 3.55 3.85 3.99

Last updated: 8 April 2020 8:55am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com