BANKS

BNZ announces new CFO

Wednesday 15 August 2012, 1:26PM
By BNZ
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BNZ is pleased to announce the appointment of Adrienne Duarte as its new CFO. She will join the bank in September, and will replace Ken Christie when he leaves to take up a role with NAB at the end of the year.  

Ms Duarte will be the bank’s first female CFO with her appointment bringing the gender balance of BNZ’s executive team up to 50% women.

BNZ CEO Andrew Thorburn says, “I am delighted to welcome Adrienne to my executive team. Following a rigorous search, Adrienne was the clear frontrunner for this role.

“Well respected across the NAB group, she is ideally placed to help lead the bank through the challenging economic times ahead and enable us to continue to perform, and invest in New Zealand.

“Adrienne brings to BNZ a wealth of market-leading experience, having been involved in a number of significant NAB initiatives where she helped drive the ROE and capital efficiency agenda for the group, and consistently delivered outstanding results.”

Ms Duarte joins BNZ from 12 years with NAB where she was most recently general manager, group performance and planning with responsibility for providing insights that enable the group executive to set the performance agenda across the group.

Adrienne’s roles at NAB also included general manager performance management, capital insights; general manager, financial strategy and ROE; and general manager group strategic investments. Prior to joining NAB, Adrienne’s career was based in the advisory world both in the UK and Australia – in corporate finance and strategy consulting.

Ms Duarte says, “I’ve long aspired to be CFO of a high performing company like BNZ. I am looking forward to joining the BNZ executive, working with some of the highest performing people in the industry, and leading BNZ’s world-class finance team.”

Ms Duarte has a Masters in Business Administration from Australian Graduate School of Management (AGSM); including completing the AGSM exchange programme with London Business School; holds a Bachelor of Economics from Australian National University and is a chartered accountant. She is also a member of the Institute of Company Directors in Australia.

She has a number of interesting hobbies including a passion for flying and numismatics (the study or collection of currencies).

Ms Duarte's appointment is subject to receipt of the necessary authorisation from the Reserve Bank of New Zealand.