BNZ increases governance independence with new appointment.
BNZ has added another investment expert to the board of BNZ Investment Services Ltd, with the appointment of Paul Richardson. This means the board now has a majority of non-executive directors.
Richardson brings a wealth of experience to the role, having spent more than 28 years in the financial sector in New Zealand and Australia, as a chief investment officer, executive director, head of research and funds manager.
BNZ general manager wealth, Peter Forster, says Richardson’s appointment is indicative of the bank’s drive to deliver better outcomes for customers.
“Paul Richardson brings an independent perspective to the table that will help our constant focus on putting the customer first,” Forster said.
“We believe that this independence will help the board continue its strong advocacy on behalf of the customer at the governance level.”
Richardson is managing director of Carina Capital and is a director of AGInvest and the CFA Society of New Zealand. He was previously executive director and chief investment officer of Mint Asset Management, where he was responsible for the investment team and led the Socially Responsible investment programme. He was also previously the CIO of BT Fund Management (Westpac) and executive director at UBS.
BNZISL board:
• Dick Morath
• Christine Yates
• Graham Ansell
• Hayley Cassidy
• Paul Richardson
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