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


Westpac New Zealand Appointment

Westpac New Zealand Appointment

Westpac today announced the appointment of a new CEO for Westpac New Zealand. Brad Cooper, currently Chairman GE Capital Bank and CEO of GE Money’s UK & Ireland business, will replace Ann Sherry whose term will end in early 2007.

Westpac CEO, David Morgan, said that Ms Sherry had indicated earlier this year that she wanted to return to Australia after the successful completion of the local incorporation of the New Zealand business. Westpac New Zealand began operating as an incorporated entity on 1 November.

“For four years Ann has steered our New Zealand business through a very challenging time. In particular, Ann was successful in managing a number of regulatory issues, including local incorporation.

“Ann is also driving a reinvigoration of the consumer banking business. I am pleased that she is able to continue to lead our New Zealand business until Brad’s commencement with us,” Dr Morgan said.

Mr Cooper, 44, has extensive financial services experience including the last eight years with General Electric in senior leadership roles.

He joined GE Australia in 1998 as Director Consumer Finance Australia and in 1999 was promoted to Managing Director, GE Consumer Finance for Australia and New Zealand.

In 2001 he was appointed to GE’s UK senior team as Director Six Sigma Quality, UK. In 2003 Mr Cooper was appointed CEO, GE Consumer Finance UK and in 2004, Chairman GE Capital Bank and CEO GE Money UK and Ireland.

“Brad is a recognised leader in global financial services. He has held a variety of diverse roles beginning his career at Avco Financial Services including roles in branch management, sales and operations, as well as leading major change programs. In particular, Brad comes out of the UK market where margin pressure and competitive issues are similar to those that we have seen in New Zealand.

“I am confident he will bring to Westpac customer and operational excellence. Brad has worked in both the Australian and New Zealand markets and enhances Westpac’s executive team,” Dr Morgan said.

Mr Cooper’s appointment is subject to regulatory approval.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Half A Billion Accounts: 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>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news