Bank of NZ in executive shuffle as two leaders leave, one comes in
Aug. 18 (BusinessDesk) –Bank of New Zealand, the local unit of National Australia Bank, has shuffled its leadership team as two top executives step down and the lender makes a new hire to run its strategy.
Chief operating officer Stephen Mockett left the bank on Friday last week after two years in his current role, while chief risk officer Martin Philipsen flagged he will step down, the bank said in a statement.
Mockett departed after deciding to leave the bank, while Philipsen is taking a ‘sabbatical,’ a spokesperson told BusinessDesk.
At the same time, NAB Private Wealth head of private clients Paul Suma will join the team, taking responsibility for the bank’s strategy and for the office of chief executive Andrew Thorburn.
Suma’s appointment is subject to Reserve Bank authorisation.