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Appointment of SBS Bank Chief Executive SBS Bank directors

Appointment of SBS Bank Chief Executive

SBS Bank directors have today announced that Wayne Evans has been appointed to the role of Chief Executive, replacing Ross Smith who is retiring on 31 July after 22 years in the role.

SBS Chairman John Ward said that in a highly contested process Evans impressed with his wide ranging industry experience, strategic insight and leadership capability.

“The financial services industry is evolving at a rapid pace, placing opportunities and challenges in front of us. Wayne’s proven financial services
background in retail networks, IT, and marketing will enable SBS to continue to be strategically positioned within the banking sector,” Mr Ward said.

Evans had expressed admiration for the Society’s long and proud history.

“Celebrating 145 years is quite a remarkable achievement in the business history of this country. SBS Bank is not only part of the fabric of Southland’s
own successful story, but increasingly, it is playing a greater role in the financial services sector within New Zealand. I feel both excited and a little nervous at being handed the reins. My predecessors have all proven to be talented, skilled leaders who have created an institution we can take great pride in. I fully intend to ensure that I continue this fine tradition.

“Our priorities will remain focused on enhancing the experience and benefits that our members receive. Expanding our investment in IT, our channels and product development will be critical. Importantly, we have a very talented and passionate team already delivering industry best practices to our member owned bank,” Mr Evans said.

Evans was educated at Southland Boys High before going on to complete a University of Otago Bachelor of Commerce (Accounting) and a Massey University post graduate diploma in psychology. He held senior banking and finance industry roles in Wellington and Auckland before returning to Invercargill to establish Finance Now Limited, the $120M consumer finance subsidiary of SBS Bank.

Ends

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