BNZ has announced the appointment of Adrienne Duarte, who joins from its parent National Australia Bank (NAB), as its new chief financial officer replacing Ken Christie who is returning to NAB after five years at BNZ.
Duarte will join BNZ in September with Christie returning to NAB at year's end. BNZ CEO Andrew Thorburn said Duarte will be the bank’s first female CFO. Following a "rigorous" search, she was the "clear front runner", he said.
“Well respected across the NAB group, she is ideally placed to help lead the bank through the challenging economic times ahead and enable us to continue to perform, and invest in New Zealand. Adrienne brings to BNZ a wealth of market-leading experience, having been involved in a number of significant NAB initiatives where she helped drive the return on equity (ROE) and capital efficiency agenda for the group, and consistently delivered outstanding results," Thorburn said.
Duarte has had 12 years at NAB where she has most recently been general manager of group performance and planning. Her other roles at NAB have included general manager of performance management and capital insights, general manager for financial strategy and ROE, and general manager of group strategic investments.
Before joining NAB she worked in corporate finance and strategy consulting in Britain and Australia.
“I’ve long aspired to be CFO of a high performing company like BNZ," Duarte herself said.
Duarte has a Masters in Business Administration from the Australian Graduate School of Management (AGSM). She also has a Bachelor of Economics from the Australian National University and is a chartered accountant.
Her appointment is subject to Reserve Bank approval.