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ASB Names New Boss

Fuseworks Media
Fuseworks Media

Wellington, Sept 8 NZPA - ASB has appointed a new boss to replace Hugh Burrett who spent more than 40 years with the bank -- seven in the top job.

From the start of 2009 the managing director of ASB Group and chief executive of ASB Bank will be British international banker Charles Pink, 46.

He will be joining ASB from the Barbados-based FirstCaribbean International Bank, of which he was the founding chief executive.

ASB chairman Gary Judd QC said that before joining FirstCaribbean, Mr Pink had an 18-year career in personal and commercial banking with Barclays.

"Charles was the outstanding candidate from a strong field. He is a banker with the qualities, expertise and leadership skills to take ASB through the next stages of development," Mr Judd said.

FirstCaribbean offered a full range of market-leading financial services, and with more than 800,000 customers, was the largest, regionally listed bank in the English-speaking Caribbean.

"In size, commitment to customer service, employee engagement and involvement with the community, FirstCaribbean shares many similarities with ASB," Mr Judd said.

He praised outgoing managing director Mr Burrett, saying he was one of the architects of transforming ASB from a retail, regional bank more than 20 years ago into today's nationally operating, full service financial services group.

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