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Ross McEwan to head First NZ Securities Limited

Media statement

Thursday 14 March 2002

Attention: Business Reporters

Ross McEwan to head First NZ Securities Limited

New Zealand’s most recent entrant to the stock exchange, First NZ Securities Limited has appointed Ross McEwan as Chief Executive Officer.

A New Zealander, Mr McEwan is currently Chief Executive of AXA New Zealand, a position he has held since 1996.

First NZ Securities Limited commenced operations on 4 March, following a successful management buyout of the retail share broking operations from Credit Suisse First Boston NZ Securities Ltd in which all senior advisors retained their jobs and the company has remained 100% New Zealand owned.

“The appointment of Ross McEwan as Chief Executive Officer follows a smooth launch and transition period for First NZ Securities,” said Chairman Bryan Johnson.

“Ross brings over 16 years of experience in the financial services and insurance industries which will see us well placed for the future. Under Ross’s leadership, First NZ Securities Ltd will continue to be 100% New Zealand owned and managed, yet retain a strong global alliance with Credit Suisse First Boston NZ Securities Ltd.”

Ross McEwan takes up his new role, in Wellington, on Monday 6 May 2002.

Ends.

Bio:
Ross McEwan has specialised in the financial services industry for 16 years. He joined National Mutual/AXA in 1986 and was appointed Chief Executive in 1996. Mr McEwan holds a degree in Business Studies from Massey University and is also a graduate of the Stanford University Executive programme. McEwan is 44 years old, married with two teenage children.

First NZ Securities Limited is a corporate member of the NZ Stock Exchange specialising in retail share broking and investment advisory services. First NZ Securities offers its clients a full range of NZ and global investment services including advice, research, transactions, portfolio strategy, asset custody, managed funds and access to new issues. First NZ Securities is owned and managed by New Zealanders with the benefit of a global strategic alliance Credit Suisse First Boston Limited.

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