Monday 23rd May 2011
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Gavin Walker will take over as chairman of Commonwealth Bank of Australia (CBA) owned ASB Bank from Gary Judd when Mr Judd retires after the August 2 board meeting.
CBA chief executive Sir Ralph Norris said Judd was a leader of great integrity, and his approach to business has made a significant contribution to the financial service group's ongoing success and culture.
"He has been a key member of the leadership group that has made the ASB what it is today."
Under Judd's stewardship the ASB grew from a regional bank operating in Auckland and Northland with total assets of less than $1.9 billion to one of the largest financial services groups in the country with assets in excess of $63.2 billion.
Walker was chief executive of Bankers Trust Australia Investment Bank between 1996 and 1999 and was chief executive of Bankers Trust New Zealand, where Prime Minister John Key worked, from 1986 to 1996. He is a director of many companies.
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