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ASB Group Realigns Management Responsibilities
October 6, 2004
ASB Group Realigns Management Responsibilities
Statement made by Hugh Burrett, Managing Director, ASB Group
The ASB Group of companies is to restructure a number of senior management responsibilities at ASB Group, ASB Bank and Sovereign to prepare for the next stage of the organisation’s growth and as part of the ongoing development of our senior team.
This is the first major restructure of responsibilities for three years.
Our senior executive team is a stable and successful group, and the changes will broaden their knowledge, experience and expertise by involving them in new areas of banking and financial services.
The appointments involve internal transfers within New Zealand and Australia, with Simon Swanson, the Managing Director of Sovereign, transferring to Australia to become Executive General Manager of Commonwealth Bank’s insurance operations, and Robert De Luca joining ASB Group from Commonwealth Bank.
The change in roles will be undertaken on a progressive basis between the end of October and the end of the year.
The internal changes are:
Barbara Chapman. Appointed Managing Director of Sovereign. Barbara is currently Head of Retail Banking and Marketing at ASB Bank.
Ross McEwan. Appointed Head of Retail Banking and Marketing at ASB Bank. Ross is currently Head of ASB Group Investments.
Robert De Luca. Appointed Head of ASB Group Investments. Robert is currently Executive General Manager Business Development for Insurance and Investment Services at Commonwealth Bank.
John Duncan. Retains the position of Group General Manager, Financial, and will take on responsibility for ASB Securities and Capital Markets.
Kerry Francis. Appointed Head of Treasury and Financial Markets, and will join the Group Executive Committee. Kerry is currently General Manager Treasury and Financial Markets.
Peter Hall. Appointed to the newly created position of Head of Group Risk, and will be responsible for the audit and credit functions. Peter is currently Head of Institutional Banking, Treasury and ASB Securities.
James Mitchell. Retains the position of Head of Relationship Banking and Financial Services, and will take on responsibility for Working Capital Services.
Members of the Executive Management Group whose roles remain unchanged are John Barclay, Head of Group Human Resources; Clayton Wakefield, Group General Manager, Technology and Operations; and Linley Wood, Head of Office of the CEO.
ENDS
ASB Bank
Helping you get one step ahead.
In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
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