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BNZ boss to chair Bankers' Association

The new chairman of the New Zealand Bankers’ Association (NZBA) for 2011-12 is Bank of New Zealand boss Andrew Thorburn.

David Hisco, ANZ chief executive, is the deputy chair.

BNZ takes over the chairmanship 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’s governing body is its council, comprising the chief executive of each member bank.