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


ASB Bolsters Business With Top Talent

ASB Bolsters Business With Top Talent

Banking heavyweight Frank Olsson has just been appointed to head ASB Bank’s new Corporate Banking division.

Mr Olsson has a distinguished career in banking most recently heading National Australia Bank’s Tokyo operations and previously its South East Asia and Singapore operations.

“Mr Olsson’s appointment is part of ASB Bank’s significant investment in the business banking market. It comes on the back of our strongest year of growth to date since we first launched the Business Banking division in 1998,” says James Mitchell, Head of Relationship Banking and Financial Services, ASB Bank.

In little more than a decade ASB Bank’s Business Banking division is now growing faster than the rest of the market. To the end of the last financial year the division grew 20% throughout New Zealand. Because of that growth the Bank has launched a new Corporate Banking division which Mr Olssen is heading up.

“ASB Bank is now a key banker to the business community and we are pleased to be able to attract such top talent as Frank Olsson to lead our new Corporate Banking division.

“Mr Olsson’s focus is on the medium to large segment of the New Zealand business market. This allows us greater understanding of these larger clients so we can serve and grow this segment more aggressively.

“Mr Olsson brings years of experience and a detailed understanding of the Corporate Banking market to the position which will be valuable as we grow this segment,” he says.

Mr Olsson spent nine years with Bank of New Zealand in the 1990’s and has worked for several Scandinavian banks, The World Bank as adviser to Kenya’s Ministry of Finance and was Treasurer for his home town of Stockholm in Sweden.

His education includes Law and Economics qualifications from Stockholm University as well as banking and financial management at Cambridge University, Harvard Business School and New York University.

© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news