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TSB boss Kevin Murphy to depart in January, board starts hunt for his replacement
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 re...
NZ Super Fund used Appleby law firm
By Paul McBeth Nov. 8 (BusinessDesk) - The New Zealand Superannuation Fund has used the Bermuda-based law firm Appleby at the centre of the 'Paradise Papers' tax papers. The fund's manager, Guardians of New Zealand Superannuation, today said it used the law firm for advice...
Vector plans to sell block of 4.2 mln shares on market
By Rebecca Howard Nov. 8 (BusinessDesk) - Vector is planning to sell 4.2 million of its own shares it currently holds as treasury stock beginning Nov. 9 as part of ongoing capital management. The proceeds of the sale will be initially applied to debt reduction "but will be...