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Contract of ANZ NZ's CEO David Hisco expired last month but he's keen to stay and hopes to 'do the paper work soon'

Contract of ANZ NZ's CEO David Hisco expired last month but he's keen to stay and hopes to 'do the paper work soon'
David Hisco

By Gareth Vaughan

ANZ New Zealand's CEO David Hisco says his contract expired last month but he's keen to stay on in the job and hopes to get "the paper work" done soon.

Hisco told interest.co.nz his contract as ANZ's New Zealand boss expired in September, three years after he succeeded Jenny Fagg.

"I'd like to stay (for a few more years), just need to sort that out with the boss I suppose," Hisco said.

"Hopefully we can sort it out over the next month or so when we redo all of our contracts. I'm due for a renegotiation. It's just a matter of carving out the time to sit down and talk about it, which we'll do after (Tuesday's annual) results, probably over the next week."

Hisco said it was certainly his intention to stay on and he wasn't hearing anything to the contrary from ANZ Group head office.

"But we've still got to do the paper work."

In his time at ANZ NZ the group has merged the ANZ and National banks onto one IT platform, as well as culling the popular National Bank brand. He has also relocated the bank's New Zealand head office to Auckland from Wellington in a push to win more business in Auckland, whilst ANZ NZ has posted record annual profit for three straight years.

Hisco previously had a stint as managing director of UDC, ANZ NZ's finance company, between 1998 and 2000.

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