BNZ names Anthony Healy as new CEO, replacing Thorburn

Thursday 17th April 2014

Bank of New Zealand, the local unit of Australia's third-biggest mortgage lender, named the head of its business bank, Anthony Healy, as its new chief executive.

Healy will head the local unit from May 12, replacing Andrew Thorburn who will take over as group chief executive of BNZ's Melbourne-based parent, National Australia Bank, in August. Thorburn's appointment was announced two weeks ago.

"For more than four years, Anthony has led BNZ's business bank BNZ Partners and during this time he has shown exceptional leadership and commercial acumen," outgoing NAB chief executive Cameron Clyne said in a statement. "We are very pleased to be able to appoint a candidate of his calibre from within our own organisation."

Healy's appointment as chief executive and managing director of BNZ is subject to regulatory approval. He will also join NAB's group executive management committee, the bank said.

Shares in ASX-listed NAB last traded at A$35.18 yesterday and have gained 1 percent so far this year.

BusinessDesk.co.nz

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