Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Jacques Martin Joins ASB Group

Statement made by Ralph Norris, Managing Director, ASB Group

Specialist financial services administrator, Jacques Martin New Zealand Ltd, is to operate as a separate company within ASB Group.

The transfer of governance of Jacques Martin from Australia to New Zealand is a further refinement of the structure Commonwealth Bank of Australia will operate in New Zealand.

Jacques Martin is a successful, well respected brand in New Zealand and provides a diverse range of administration services to a solid client base across the financial services sector.

Being part of ASB Group will give Jacques Martin the reporting line that will assist it remain responsive to the specific needs of the local market.

It will also give it more direct access to the Group’s leading edge technology, assisting it to grow to its full potential.

ASB Bank and Sovereign are stand alone companies that already operate successfully within ASB Group, and Jacques Martin will operate autonomously from them.

Jacques Martin will continue to have its own board, will remain headquartered in Wellington and will continue to operate offices in Auckland and Christchurch.

The change of governance will have no impact on staff responsibilities or numbers, and the company will continue under the management of its Chief Executive, Mark Patton.

Jacques Martin is already New Zealand’s foremost financial services administration company. As part of ASB Group it will be encouraged to continue its development, and increase its range of client services and customer base.

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>