ANZ NZ chief executive Antonia Watson has been elected chair of the New Zealand Banking Association and took up the role today.
Westpac NZ chief executive Catherine McGrath was elected deputy chair. The chair and deputy chair take on their respective roles for two years.
Antonia Watson says: “The New Zealand banking system is well-run, well-capitalised, well-funded and well-regulated, which enables Kiwis to get into homes, start and grow businesses and trade with the world, as well as weather local and international crises and financial storms.
“Events in the Middle East are a reminder of how quickly a global shock ripples through our economy, and the role banks play supporting customers as they navigate global challenges.
“The industry is committed to supporting economic recovery and growth, working with regulators and stakeholders, and playing its part on the issues that matter to New Zealanders – improving security, competition and financial inclusion, while ensuring customers can access the banking services they rely on.
“As chair, I look forward to representing the industry and supporting a banking system that remains strong, competitive and focused on the needs of New Zealanders.”
New Zealand Banking Association chief executive Roger Beaumont thanked BNZ chief executive Dan Huggins for his contribution as chair over the last two years and welcomed Antonia Watson to the role.
Established in 1891, NZBA is the voice of the banking industry. The association advocates for member banks by helping to shape policy on non-competitive issues and telling the industry’s story.
The association currently has 17 members, all of which are banks registered under the Reserve Bank of New Zealand Act 1989. The association’s governing body is its council, comprising the chief executive of each member bank. In addition to these members NZBA has six affiliate members that support the banking industry.
ENDS