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Auckland Council treasurer announced the best in NZ

Media release
5 December 2013

Auckland Council treasurer announced the best in NZ


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For the third consecutive year, Auckland Council Treasurer, Mark Butcher, has been named KangaNews’ New Zealand Treasurer of the Year for 2013.

KangaNews, published since 2006, is an Australian debt market publication. Their annual peer awards are based on thorough polling of debt market users in Australia and New Zealand including banks, corporate treasurers and institutional investors.

Voters consider an individual’s ease of access and responsiveness to questions, as well as the debt funding performance of their institution in 2013.

The Treasurer of the Year award is designed to recognise the treasurer who has best served the needs of their institution in 2013 while also being responsive to market needs.

Auckland Council’s treasury team has been involved in a number of large projects during 2013 including expanding its offshore borrowing footprint, having successfully issued long dated bonds to investors in the Swiss Franc (CHF) and Norwegian Krone (NOK) markets. All borrowings undertaken in foreign currency by Auckland Council are on a fully hedged basis removing the foreign exchange risk.

Mr Butcher is on the board of Local Government Funding Agency Limited (LGFA) which has had a successful year, borrowing on behalf of the local government sector (including Auckland Council) and reducing borrowing costs for New Zealand councils.

“These initiatives have helped to reduce the risks faced by Auckland Council and our ratepayers by lowering funding costs, lengthening the term of borrowing and diversifying funding sources,” says Mr Butcher.

“I have a great team working with me and receiving this award for the past three years reflects the team’s hard work as well as the assistance and support from both our external and internal stakeholders.”

Auckland Council Chief Finance Officer, Andrew McKenzie says the award is great recognition for Auckland Council, acknowledging the quality of people who work at council and the work they do to deliver results and benefits for Aucklanders.

The Auckland Council treasury team’s achievements have already been recognised in 2013 with a number of other awards including the INZFINZ - Massey University College of Business Excellence in Treasury Awards and two global awards – the gtnews award for Funding the Organisation and the Judges Choice awards

KangaNews’ gala awards dinner takes place in Sydney in March next year.

Ends

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