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General Business
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ANZ chief forfeits $6.4m over spending on cars and wine

Tens of thousands of dollars ‘mischaracterised’ in accounting reports.

Tim Hunter Mon, 17 Jun 2019

Departed ANZ Bank chief executive David Hisco forfeited $6.4 million in equity after what chair Sir John Key described as misreported personal expenditure of tens of thousands of dollars.

Hisco’s exit and his replacement by acting chief executive Antonia Watson, was confirmed this morning by

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Tim Hunter Mon, 17 Jun 2019
Contact the Writer: thunter@nbr.co.nz
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ANZ chief forfeits $6.4m over spending on cars and wine
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