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CBS Canterbury Announces Bryan Inch As Incoming Chief Executive

Fuseworks Media
Fuseworks Media
CBS Canterbury.jpg
CBS Canterbury.jpg

5 SEPTEMBER 2008 - Mr Gary Leech, Chairman of CBS Canterbury, New Zealand's only listed building society, today announced that Mr Bryan Inch would succeed Mr David Street as the building society's Chief Executive Officer from 13th October 2008.

"Bryan is a very impressive and exceptional executive who has had an outstanding banking career and the directors of CBS Canterbury believe he will prove to be a dynamic leader for CBS's next phase of development."

Mr Leech said Mr Inch, 46 and a returning Cantabrian, will be joining CBS Canterbury at a stage where the society has excellent growth prospects as a New Zealand-owned banking services organisation.

More recently as deputy global head of International Direct Banking ('IDB') for Rabobank Group, based in Sydney Mr Inch has been responsible for the management and expansion of IDB in Australia, New Zealand, South America and Asia.

During 2003-08 he was head of financial services for Australia and New Zealand for the Dutch-owned 'AAA' rated bank, leading the development and management of the RaboPlus direct banking business.

As managing director of Rabobank New Zealand Ltd, 1999-2003, he implemented the integration of Rabo Wrightson Finance (of which he had been general manager) and Rabobank New Zealand's rural business. In the same period he established Rabobank New Zealand as a domestic bank in New Zealand.

After graduating B Ag Sci from Lincoln University in 1985, Mr Inch worked as a farm consultant in Ashburton and Lincoln. He held subsequent banking positions in Christchurch and Melbourne.

When he led the integration of Rabo Wrightson Finance with Rabobank rural lending, the combined lending assets were approximately $840m and during his period as managing director Rabobank New Zealand grew to almost $3bn in assets with a compound annual growth rate of about 35% pa.

"His excellent performance in building successful banking teams and customer focused banking services will increase the growth opportunities available to CBS Canterbury", said Mr Leech. "In addition his experience in achieving a banking licence for Rabobank and knowledge of direct (Internet-based) banking will be invaluable to us."

"In the past two years, CBS Canterbury has strongly expanded in asset size, customer base and lending profile through two successful mergers and ongoing organic growth. Our ability to make the transition to the next level requires the leadership and skills that Bryan has demonstrated in his strong operational roles for Rabobank.

"We are a people-oriented business, where our depositors and our customers choose to "bank on a local", and we were patient in our search for an executive who shared our commitment to regional community-based banking services.

"Bryan will build on the foundations and corporate culture that has been instilled by David Street who has provided great service to CBS Canterbury having spent most of his career with the society. "

Mr Inch will become Chief Executive Officer of CBS Canterbury on 13 October 2008 which will ensure an orderly handover from Mr Street, who will remain with CBS Canterbury on a short-term contract to oversee the information technology integration resulting from the February merger of CBS Canterbury and Loan & Building Society.

At this time CBS Canterbury is pleased to also announce that Mr Michael Harris has been appointed to the new senior position of Chief Operating Officer.

Mr Harris, 41, has been with CBS Canterbury since March 2005 and has led the lending and retail staff, along with acting as Credit Manager for the Society. He was previously Area Manager Custom Business in Wellington for the Bank of New Zealand leading a team managing a portfolio of regional and national businesses.

Between October 1996 and January 2004, Mr Harris was a Lending Manager, then Senior Property Finance Manager with BNZ Finance Ltd and the BNZ, following eight years with the Westpac Banking Corporation, rising from graduate recruit to Manager Business Banking in the bank's Christchurch regional team.

He graduated B Com (Ag) Marketing and Economics from Lincoln University, and has a post graduate diploma in banking management. He is a fellow of FINSIA.

Mr Leech also announced the appointment of Mr David Cradwick to the position of Credit Manager.

Mr Cradwick, 46, was General Manager with Natural Dairy Products, preceded by five years as General Manager for Ashburton Finance, a subsidiary of South Canterbury Finance. His career has been heavily oriented towards banking beginning with the National Bank of New Zealand in 1983, National Australia Bank 1989-91, Trust Bank 1991-95 and the Bank of New Zealand 1995-2002, including positions as Manager Credit Restructuring Auckland and Waikato and Senior Business Manager South Auckland.

Mr Leech said, "These managers and others in our existing senior management team will form a formidable team working with a highly experienced new leader in Bryan Inch."

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