Sharechat Logo

John Key, chair of ANZ Bank New Zealand, gets tapped for parent ANZ board

Wednesday 28th February 2018

Text too small?

Former Prime Minister John Key has been named to the board of Australia & New Zealand Banking Group, having served as chair of the lender's New Zealand unit since January.

"Following a successful international career in business and politics, Sir John has the ideal credentials to further strengthen ANZ’s board," the Australian lender's chair David Gonski said in a statement. "Our New Zealand business has already benefitted from his significant experience and I know he will make a valuable contribution to the ongoing success of the broader group." 

Key's appointment is effective immediately although he will stand for election at the bank's annual meeting on Dec. 19. He first joined the board of ANZ New Zealand last October before being named chair.

Prior to his career in politics, Key worked in the financial markets including as head of foreign exchange at Merrill Lynch. He was knighted in the 2017 Queen’s Birthday Honours and is also the recipient of the Companion of the Order of Australia for his work on the bilateral relationship between the two countries.

(BusinessDesk)

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

MARKET CLOSE: NZ shares fall to 5-week low as trade tensions spook investors; A2 drops
NZ dollar benefiting from weaker greenback as markets fret about global growth
PM mum on Kiwibuild head Stephen Barclay's status
Mataura Valley begins infant formula trials
CEO pay and non-GAAP reporting are linked, study shows
ACC levy cuts worth $50M a year to business, says Ardern
Unfair business practices on borrowed time
New director of Vital Healthcare’s manager unfazed by fire-at-will clause
QMS pulls out A$35M from NZ unit in MediaWorks merger
Take care to avoid

IRG See IRG research reports