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

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025
Michael Lorimer exits Grant Samuel amid more sector change
Finance

Michael Lorimer exits Grant Samuel amid more sector change

Lorimer has sold his 80% stake in the corporate advisory firm.

Duncan Bridgeman 26 Jun 2025