About Us  |   Advertise  |   Contact Us  |   Terms & Conditions  |   RSS Feeds Other Sites:   landlords.co.nz
Join our newsletter

Mortgage Rates Newsletter

Daily Weekly

sharemarket

Insider Paul Brock to replace Knowles at Kiwibank

Kiwibank's next phase of development will be led by an existing member of the state-owned bank's senior management team, Paul Brock, to replace founder chief executive Sam Knowles.

Thursday, September 2nd 2010, 12:07PM

by BusinessWire

Brock has been with Kiwibank since its establishment by the previous government in 2002, and is currently general manager of savings and transactions. 

Knowles announced he was leaving in May.

Kiwibank chairman Jim Bolger said Brock had been chosen from a field of high quality national and international applicants.

"Paul has played a key part in Kiwibank's success since its creation and has the skill and leadership which will help the bank go from strength to strength and help continue to change the shape of banking in New Zealand," Bolger said.

"It is a tribute to the development of the senior management under Sam Knowles that the Board of Kiwibank was able with confidence to appoint a top quality internal candidate to drive the next phase of the bank's growth," he said.

Brock will move into the role with Knowles in support until the end of this month

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to MortgageRates.co.nz go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

  
Latest News

Kiwibank cuts. Just BNZ to go

Bollard's departure sparks monetary policy debate

Bollard casts off from bank

ASB cuts 1 to 5 year fixed home loan rates

Bollard holds OCR steady as US Fed prompts currency jump

What Bollard said

 
Compare Mortgage Rates
Compare
from
to
for
To graph multiple lenders, hold down Ctrl key while clicking in list box
Include OCR

How to use this

Find a Mortgage Broker
  Add your company
Latest Trends
Future interest rate hikes softened

The Reserve Bank has kept the OCR at 2.50% as expected, but had lowered its forecast track for the 90 day bill rate by around 60 basis points (0.6%) to a peak of 4.30% by the end of next year.

For borrowers that means floating home loans are not forecast to rise as much as previously forecast. In June the expectation was that the rates would rise 2% in the next 12 months: that figure has now been wound back to 1.4%.

MORE »
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

Disclaimer: Every possible effort has been made to keep the information in the rates tables as accurate as possible, however, neither the publishers of Mortgage Rates nor anyone engaged to compile these tables accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details directly with the provider concerned.

© Copyright 2012 Tarawera Publishing Limited. All Rights Reserved.