Heartland names Air NZ's deputy finance chief David Mackrell as new CFO

Heartland Bank has named Air New Zealand deputy finance boss David Mackrell as its new chief financial officer. 

The incoming CFO will start on Feb. 15, replacing Simon Owen who announced his resignation in November, ending a 13-year stint with Heartland and its predecessor, Marac Finance. Mackrell spent 12 years as Air NZ's deputy CFO, having joined the national carrier in 1992. 

Heartland missed out on buying ANZ Bank New Zealand's UDC Finance unit, which was picked up by China's HNA Group for $660 million earlier this month. 

The Auckland-based bank raised $20 million last month and wants a further $10 million via a share purchase plan which it will use to bolster its capital ratio after a period of credit expansion. The funds would also help pay for an expanded online offering, with Heartland investing in data analysis to "more precisely" target its customers and supporting digital origination. 

The shares last traded at $1.52, up 26 percent over the past year. 

BusinessDesk.co.nz

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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

MARKET CLOSE: NZ shares follow Asian markets higher on renewed hopes for China-US resolution
Housing Ministry head hints he acted against departed KiwiBuild head Stephen Barclay
NZ dollar heading for 1% weekly slide as outlook weakens
Currency frozen in multi-million dollar Cryptopia theft
NZ manufacturing activity hits highest level since April
Tilt affirms guidance; Dec qtr production misses long-term expectations
NZ dollar extends slide as Philly Fed lifts sentiment in US
January 18th Morning Report
MARKET CLOSE: NZ shares get further lift from positive offshore markets
NZ dollar extends decline amid mixed data