Thursday 19th January 2017 |
Text too small? |
Heartland Bank has named Air New Zealand deputy finance boss David Mackrell as its new chief financial officer.
The incoming CFO will start on Feb. 15, replacing Simon Owen who announced his resignation in November, ending a 13-year stint with Heartland and its predecessor, Marac Finance. Mackrell spent 12 years as Air NZ's deputy CFO, having joined the national carrier in 1992.
Heartland missed out on buying ANZ Bank New Zealand's UDC Finance unit, which was picked up by China's HNA Group for $660 million earlier this month.
The Auckland-based bank raised $20 million last month and wants a further $10 million via a share purchase plan which it will use to bolster its capital ratio after a period of credit expansion. The funds would also help pay for an expanded online offering, with Heartland investing in data analysis to "more precisely" target its customers and supporting digital origination.
The shares last traded at $1.52, up 26 percent over the past year.
BusinessDesk.co.nz
No comments yet
Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes