TSB boss Kevin Murphy to depart in January, board starts hunt for his replacement

Wed, 08 Nov 2017

By Paul McBeth Nov. 8 (BusinessDesk) - TSB Bank chief executive Kevin Murphy will leave the New Plymouth-based, community-owned lender at the end of January after nearly a decade in charge of New Zealand's sixth-biggest lender. The board has started its search to find a replacement for Murphy, but doesn't expect to complete that before he leaves on Jan. 31, 2018, the bank said in a statement. Deputy chair Murray Bain, a former Reserve Bank assistant governor, will act as interim managing director to tide the lender over. “Mr Murphy h...

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