Ministry of Economic Development
Ministry of Economic Development
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The new Chair of the New Zealand Bankers’ Association (NZBA) for 2011/12 is Bank of
New Zealand Managing Director and Chief Executive Andrew Thorburn.
David Hisco, Chief Executive Officer of ANZ New Zealand, is the Deputy Chair.
Thorburn, who takes on this role in NZBA’s 120th anniversary year said, “BNZ is pleased to
be taking the Chair position for the next 12 months. As an industry we will continue to strive
to deliver a strong, stable and responsive banking system for the benefit of all
New Zealanders.”
BNZ takes over the mantle of Chair bank from ASB Bank. “I look forward to working with
Andrew Thorburn. I am also very grateful for the leadership, support and assistance initially
of Charles Pink, and then Ian Park, over the last year while ASB was our Chair bank,” said
NZBA Chief Executive Sarah Mehrtens.
Established in 1891, NZBA is a non-profit unincorporated association funded by member
banks. In conjunction with its members, NZBA develops and promotes the banking industry
viewpoint on non-competitive issues in policy discussions and in the media. NZBA also
facilitates good practices in the banking industry through the Code of Banking Practice.
NZBA membership is open to any bank registered under the Reserve Bank of New Zealand
Act 1989. Currently 12 registered banks are NZBA members. NZBA
Oral submission to Local Government and Environment Committee
Written submission to Local Government and Environment Committee
Finance and Expenditure Committee
SBS Bank (Southland Building Society) and JPMorgan Chase Bank N.A. have joined the
New Zealand Bankers’ Association bringing the total number of member banks to 12.
New Zealand Bankers’ Association chief executive Sarah Mehrtens welcomed the two new
member banks. “I am delighted by the decision of both SBS Bank and JPMorgan Chase to
join us. It’s a great start for the Association’s 120th anniversary year and strengthens the
industry voice of banking in New Zealand,” said Mehrtens.
SBS Bank is New Zealand’s largest building society. It is thought to be the only building
society in the world to have achieved bank registration while maintaining its mutual structure
of being owned by its members. SBS Bank became a registered bank in October 2008.
JPMorgan Chase is one of the world’s leading investment banks. In 2008, the firm expanded
its global footprint with the launch of a New Zealand branch in Auckland.
The New Zealand Bankers’ Association helps banks to set industry standards and work
together on non-competitive issues. Membership of the Association is open to any bank
registered under the Reserve Bank of New Zealand Act 1989.
Other New Zealand Bankers’ Association members are ANZ National Bank, ASB Bank,
Bank of New Zealand, Bank of Tokyo-Mitsubishi UFJ, Citibank, Hong Kong and Shanghai
Banking Corporation, Kiwibank, Rabobank New Zealand, TSB Bank, and Westpac
New Zealand.