Key figure in bank merger resigns

Wednesday 19th January 2011

A key figure in the merger of three building societies to form a "heartland" bank has resigned.

Bryan Inch is resigning as head of retail at Combined Building Society, the merger of CBS Canterbury, Southern Cross Building Society and Marac Finance which came into operation earlier this month.

An experienced banker with an international career, Inch was formerly chief executive of CBS and was instrumental in bringing about the merger, managing director Jeff Greenslade said.

He had expressed interest in the top role at the new bank, along with Greenslade and former Southern Cross head Bob Smith.

The resignation takes effect from the end of the month. Michael Harris, who reported to Inch, will take up the role of head of retail in the interim.

Inch joined CBS Canterbury in 2008 from Rabobank, where he was Sydney-based deputy global head of international direct banking. He was managing director of Rabobank NZ from 1999 to 2003.

NZPA

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