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.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Solid Energy: Plan To Shut Unprofitable Huntly East Mine

Solid Energy, the state-owned coal miner in voluntary administration, plans to shut down its unprofitable Huntly East mine and lay off 65 staff after deciding the site stands "no chance whatsoever" of finding a buyer. More>>


E Tū: Merger Creates NZ's Biggest Private Sector Union

E tū has been created by the merger of the Engineering, Printing and Manufacturing Union and Service and Food Workers’ Union. It represents more than 50,000 working New Zealanders in industries as diverse as aviation, construction, journalism, food manufacturing, mining and cleaning. More>>


Internet: NZ Govt Lifts Target Speeds For Rural Broadband

The government has lifted its expectations on faster broadband speeds for rural New Zealand as it targets increased spending on research and development in the country's information and communications technology sector, which it sees as a key driver for export growth. More>>


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Scouring: Cavalier Merger Would Extract 'Monopoly Rents' - Godfrey Hirst

A merger of Cavalier Wool Holdings and New Zealand Wool Services International's two wool scouring operations would create a monopoly, says carpet maker Godfrey Hirst. The Commerce Commission on Friday released its second draft determination on the merger, maintaining its view that the public benefits would outweigh the loss of competition. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news