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


Top Financial Brains Meet to Drive NZ Economy Forward

23 August 2011
News release

Top Financial Brains Meet to Drive NZ Economy Forward

The country’s top financial brains will meet in Wellington later this month to discuss the New Zealand economy and how to boost it.

The Institute of Financial Professionals New Zealand (Infinz) is holding its 10th annual conference at Te Papa on August 31 and the state of the economy and how to “grow New Zealand” is top of the agenda.

Chairman David McLean, who runs the Westpac Institutional Bank, said the delegates would look at the issues facing global financial markets and how to manage their impact here. “While New Zealand has weathered the economic storm better than many countries, we are certainly not out of the woods yet. Creative thinking is needed to drive the nation forward and that will be a focus of our discussions.”

Deputy Prime Minister and Finance Minister Bill English will speak about building a more competitive economy and the Government’s programme for achieving that, while Sir Don McKinnon will outline how to maintain New Zealand’s relevance in a global economy.

“Infinz and its members play a key role in building confidence amongst those who wish to invest in New Zealand and we’ll be considering ways to enhance that to help get our economy moving,” McLean said.

Other topics to be debated at the conference include:

- international trends in funds management

- managing risk in the volatile global market

- how to get private equity back into New Zealand to fund growth

- the pros and cons of the partial privatisation/mixed ownership model

- establishing New Zealand as a financial services hub

McLean said: “History shows it could take up to five years for the major developed economies to recover fully from the effects of the global financial crisis and, during that time, changes in regulation will dramatically affect the industry.

“The impact will be particularly felt in New Zealand as we move from a historically light-handed approach to regulation. Finance professionals need to influence change on the way through as the country becomes more in step with global norms.”

INFINZ is the industry body for professionals working and participating in New Zealand's wholesale finance and capital markets. It promotes quality, expertise and integrity in the New Zealand markets and works with government, industry groups, regulators and policy-makers to advocate for improved and best practice laws.

About 150 financial experts will be attending the conference. To register, visit


© Scoop Media

Business Headlines | Sci-Tech Headlines


Civil Contractors: Massive Rebound In Civil Construction Business Confidence

New Zealand’s civil construction industry is riding a massive rebound in post-pandemic business confidence – but this may be undermined by skills shortages, which continue to be the industry’s number one challenge... More>>

Energy: Feeling Our Way Towards Hydrogen - Tina Schirr

Right now hydrogen is getting a lot of attention. Many countries are focusing on producing hydrogen for fuel, or procuring it, or planning for its future use... More>>

Maritime Union: Calls For New Zealand Shipping To Resolve Supply Chain Crisis

The Maritime Union says there needs to be innovative responses to ongoing shipping congestion. Maritime Union of New Zealand National Secretary Craig Harrison says it is essential that New Zealand develops its own shipping capacity... More>>

Housing: New Home Consents Continue To Break Records

A record 44,299 new homes were consented in the year ended June 2021, Stats NZ said today. “The annual number of new homes consented rose again in the June 2021 year, the fourth consecutive month of rises,” construction statistics manager Michael Heslop said... More>>

Real Estate: June Home Transfers Remain High
There were 44,517 home transfers in the June 2021 quarter, the highest June quarter figure since 2016, Stats NZ said today. The number of home transfers was very similar to the March 2021 quarter and was up 18,252 from the June 2020 quarter... More>>

Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>