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


BNZ announces new CFO

BNZ announces new CFO

BNZ is pleased to announce the appointment of Adrienne Duarte as its new CFO. She will join the bank in September, and will replace Ken Christie when he leaves to take up a role with NAB at the end of the year.

Ms Duarte will be the bank’s first female CFO with her appointment bringing the gender balance of BNZ’s executive team up to 50% women.

BNZ CEO Andrew Thorburn says, “I am delighted to welcome Adrienne to my executive team. Following a rigorous search, Adrienne was the clear frontrunner for this role.

“Well respected across the NAB group, she is ideally placed to help lead the bank through the challenging economic times ahead and enable us to continue to perform, and invest in New Zealand.

“Adrienne brings to BNZ a wealth of market-leading experience, having been involved in a number of significant NAB initiatives where she helped drive the ROE and capital efficiency agenda for the group, and consistently delivered outstanding results.”

Ms Duarte joins BNZ from 12 years with NAB where she was most recently general manager, group performance and planning with responsibility for providing insights that enable the group executive to set the performance agenda across the group.

Adrienne’s roles at NAB also included general manager performance management, capital insights; general manager, financial strategy and ROE; and general manager group strategic investments. Prior to joining NAB, Adrienne’s career was based in the advisory world both in the UK and Australia – in corporate finance and strategy consulting.

Ms Duarte says, “I’ve long aspired to be CFO of a high performing company like BNZ. I am looking forward to joining the BNZ executive, working with some of the highest performing people in the industry, and leading BNZ’s world-class finance team.”

Ms Duarte has a Masters in Business Administration from Australian Graduate School of Management (AGSM); including completing the AGSM exchange programme with London Business School; holds a Bachelor of Economics from Australian National University and is a chartered accountant. She is also a member of the Institute of Company Directors in Australia.

She has a number of interesting hobbies including a passion for flying and numismatics (the study or collection of currencies).

Ms Duarte's appointment is subject to receipt of the necessary authorisation from the Reserve Bank of New Zealand.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Commerce Commission: Appeals Record $2.25m Fine In Vodafone FibreX Case

The Commerce Commission has filed an appeal in the High Court against a record $2.25 million fine imposed on Vodafone NZ Limited (Vodafone) for its offending under the Fair Trading Act during its FibreX advertising campaign. While the sentence imposed in the Auckland District Court on April 14 was the largest-ever fine under the Fair Trading Act, the Commission will argue that it is manifestly inadequate... More>>

All District Health Boards: Historic Pay Equity Settlement

An historic agreement has been ratified that addresses a long-standing undervaluation of a workforce that is critical to the smooth running of our hospitals and the delivery of healthcare... More>>

MPI: Dry Autumn In Waikato And South Auckland Leads To Drought Classification Drought conditions affecting the primary sector in the Waikato and South Auckland were today classified as a medium-scale adverse event, enabling a package of support for farmers and growers... More>>

Barfoot & Thompson: Rents Up By Around 3% In Most Areas

The average weekly rent paid for homes in most areas of Auckland has risen by around 3 percent year-on-year. The figures for end March from more than 16,000 properties... More>>

DoC: Smeagol The ‘Gravel Maggot’ Leaves Its Rare Mark On The Remote West Coast
An extremely rare species of sea slug or ‘gravel maggot’ has been detected for the first time on a remote beach in South Westland... More>>

Immigration: Annual Net Migration Loss Of 7,300

The provisional net loss of 7,300 people in the year ended March 2022 was the lowest net migration for a March year since 2012, Stats NZ said today... More>>