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Auckland Council CEO Doug McKay joins BNZ's board, will step down from council role in December

Posted in Bonds March 1, 2013 - 09:11am, Gareth Vaughan

BNZ has appointed Auckland Council CEO Doug McKay as a non-executive director.

In a statement BNZ chairman John Waller said McKay brings considerable commercial experience to the BNZ board. McKay will step down from Auckland Council in December. He was previously CEO and executive chairman of alcopops maker Independent Liquor, and has been CEO of Sealord, and held senior roles at Carter Holt Harvey, Lion Nathan and Goodman Fielder.

BNZ was co-lead manager, alongside ANZ, of Auckland Council's inaugural retail bond issue late last year. It is also one of seven banks acting as a dealer in Auckland Council's overseas borrowing programme that is led by HSBC. And BNZ was banking partner to the Auckland Transition Agency, which oversaw the establishment of Auckland Council, providing transactional and over-the counter banking services.

"Doug has an extensive business, corporate, operational and marketing background at chief executive and director level," Waller, former head of advisory at PwC, said.

 

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1 Comments

by Vanderlei Luxemburgo | 01 Mar 13, 2:51pm

Head of AKL Council, home of

Head of AKL Council, home of the biggest bubble in NZ history, also working for BNZ, a banks balls deep in said bubble. Conflict of interest much?