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

 


Rabobank announces new group executive, Wholesale Banking

Media Release January 30, 2013 1

Rabobank announces new group executive, Wholesale Banking

Rabobank Australia and New Zealand Group has announced Phil Streten has been appointed to the position of group executive, Wholesale Banking.

Effective February 1, 2013, the new appointment sees Mr Streten take over the role from Paul Beiboer, who has been appointed general manager of London branch and regional head of Wholesale Banking Europe for the global Rabobank.

Mr Streten moves from his current position as general manager, Corporate Banking.

Announcing the new appointment, Rabobank Australia and New Zealand CEO Thos Gieskes said Mr Streten, a veteran of 15 years with Rabobank’s corporate banking business in Australia and New Zealand, was “very well credentialed” to step into the role.

“In his time with Rabobank, Phil has played an instrumental part in the transformation of this part of the bank from a start-up wholesale business in Sydney to its current position as a highly-respected corporate banking brand across Australia and New Zealand, leading in the food and agribusiness segment” he said.

In his new role, Mr Streten will become a member of Rabobank Australia and New Zealand’s executive committee and oversee all of the bank’s wholesale operations in both countries.

“We are confident Phil will replicate the impressive and sustainable growth that has been achieved under his leadership in the Corporate Banking division, in the other wholesale business areas of the bank which will now become part of his stewardship,” Mr Gieskes said.

Mr Streten said he was very much looking forward to take over the helm of the wider Wholesale Banking side of Rabobank Australia and New Zealand.

“At the end of the day the connectivity between our activities in Mergers & Acquistions, Acquisition Finance and Financial Markets is defined by our clients’ requirements, so overseeing that whole spectrum will allow me to strengthen even further the excellent ties with our clients that we have built up over the past 15 years,” he said.

Mr Gieskes said Mr Streten’s successor in the role of general manager, Corporate Banking would be announced shortly.

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

The Price Of Cheese: Cheddar At Eight-Year Low

Food prices decreased 0.5 percent in the year to June 2016, influenced by lower grocery food prices (down 2.3 percent), Statistics New Zealand said today. Compared with June 2015, cheese prices were down 9.5 percent, fresh milk was down 3.9 percent, and yoghurt was down 9.2 percent. More>>

ALSO:

Financial Advisers: New 'Customer-First' Obligations

Goldsmith plans to do away with the current adviser designations which he says have been "unsatisfactory" in that some advisers are obliged to disclose potential conflicts of interest and act in their customers' best interests, but others are not. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news