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Showing 51 - 60 of 424 results for "NZ Bank"

ANZ sells NZ life insurance business

ALEX BURKE  |  WEDNESDAY, 30 MAY 2018
ANZ has agreed to sell its OnePath Life New Zealand business to a US-based global insurer. Cigna Corporation will acquire OnePath Life for NZ$700 million, which ANZ said represents a "slight premium to embedded value and is expected to generate a gain ...

ANZ appoints two senior executives

KANIKA SOOD  |  THURSDAY, 10 MAY 2018
ANZ has chosen the top executive from its wealth division to serve as the bank's deputy chief executive. It is one of two senior appointments announced yesterday. Both positions became open after ANZ's deputy chief executive Graham Hodges announced ...

CBA cops $25 million for BBSW rigging

KANIKA SOOD  |  WEDNESDAY, 9 MAY 2018
Commonwealth Bank will fork out $25 million to settle its bank bill swap rate rigging scandal, adding to the bank's pile of settlement payouts. CBA will acknowledge it "attempted to engage in unconscionable conduct in breach of the ASIC Act" while trading ...

Prime Access bungle costs ANZ $50 million

KANIKA SOOD  |  FRIDAY, 6 APR 2018
ANZ bank has entered an enforceable agreement with ASIC and has footed a $50 million compensation bill as it puts the lid on its Prime Access compliance bungle. Back in 2015, an investigation by the corporate regulator revealed the bank had failed to ...

ANZ attempts sale to Chinese conglomerate, blocked by NZ regulator

ALEX BURKE  |  THURSDAY, 21 DEC 2017
ANZ's attempted sale of a subsidiary business to a Chinese firm has been blocked by New Zealand's Overseas Investment Office. HNA Group has been in talks to purchase UDC Finance, an asset financing firm acquired by ANZ Bank New Zealand in 1980. ANZ ...

Former NZ Prime Minister joins bank board

KARREN VERGARA  |  WEDNESDAY, 18 OCT 2017
ANZ Bank New Zealand appointed the country's former Prime Minister as chair. Sir John Key replaces John Judge, who will retire as chair in January next year, a position he's held since 2012. Judge joined the board in December 2008 as an independent ...

Chief executive departs LGS

EMMA RAPAPORT  |  MONDAY, 3 APR 2017
The longstanding chief executive of $10 billion dollar superannuation fund Local Government Super has resigned after a decade in the role. Peter Lambert was appointed chief executive in December 2007. He has more than 30 years' expertise in super with ...

ANZ unloads UDC Finance

JAMIE WILLIAMSON  |  WEDNESDAY, 11 JAN 2017
ANZ will sell UDC Finance to a global financial services, tourism, and logistics firm. Continuing its strategy to simplify its business, the bank announced it has entered a NZ$660 million agreement with HNA Group to sell the asset finance firm - a wholly ...

CBA director retires

JAMIE WILLIAMSON  |  WEDNESDAY, 9 NOV 2016
A non-executive director at the Commonwealth Bank has retired. Sir John Anderson has served on the board since March 2007, and has also been a member of the risk committee, the board performance and renewal committee, and the audit committee. CBA chairman ...

Praemium chair to retire, intended successor revealed

KERRIE SYDEE  |  TUESDAY, 27 SEP 2016
Praemium has revealed its chair will retire and has appointed a new non-executive director who is slated to succeed as the new chair. In a statement to the ASX, Praemium announced Bruce Loveday will retire from his position as chair following the company's ...