Hisco's departure from ANZ becomes permanent amid personal expenses concerns

Hisco's departure from ANZ becomes permanent amid personal expenses concerns
Jenny Ruth
By Jenny Ruth June 17 (BusinessDesk) - ANZ Bank’s New Zealand chief executive David Hisco’s sick leave has turned into his permanent departure as board concerns about personal expenses surface. The bank has confirmed Antonia Watson, who previously headed retail and business banking, will continue as acting chief executive. “Mr Hisco’s departure follows ongoing health issues as well as board concern about the characterisation of certain transactions following an internal review of personal expenses,” the bank says in a statement. “Wh...

More Finance

Otago a lukewarm jewel of economic temperature: survey
Finance

Otago a lukewarm jewel of economic temperature: survey

An economic thermometer reveals a cool-to-cold mood hanging over NZ, with Otago lukewarm.

Full year result tracking to forecast: Co-operative Bank
Finance

Full year result tracking to forecast: Co-operative Bank

Tj FY2026 and core banking system replacement tracking in line.

RBNZ plan to cut AT1 capital layer wins cautious lender support
Finance

RBNZ plan to cut AT1 capital layer wins cautious lender support

Proposal to pare AT1 capital from prudential stacks wins cautious support from lenders.

Andy Macdonald 14 Oct 2025
Growth in new home loans eases in H1 2025: NZ Banking Association
Finance

Growth in new home loans eases in H1 2025: NZ Banking Association

Growth in new home loans eases in H1 2025 as NZ emerges from difficult economic climate.

Staff reporters 13 Oct 2025