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

Craigs' sweet spot for golden visa investors
Finance

Craigs' sweet spot for golden visa investors

Billionaires can go solo. For other wealthy investors, there's Craigs' new fund.

Net assets down, losses widen in Macquarie Group NZ's FY
Finance

Net assets down, losses widen in Macquarie Group NZ's FY

Financial group books wider full-year loss as net assets slip.

Staff reporters 12 Sep 2025
Rates capping could hit council credit ratings
Finance

Rates capping could hit council credit ratings

Treasury warns rates are ‘significantly below’ sustainable levels.

Oliver Lewis 11 Sep 2025
Majority of CFOs want Govt policy shift, but don't expect it
Finance

Majority of CFOs want Govt policy shift, but don't expect it

The Mood of the CFO survey shows a “two speed” economy with wildly divergent results.

Dileepa Fonseka 10 Sep 2025