Bank of New Zealand's head of its business bank, Anthony Healy, is to become its new chief executive.
Mr Healy will head the local unit from May 12, replacing Andrew Thorburn who will take over as group chief executive of BNZ's Melbourne-based parent, National Australia Bank, in August.
"For more than four years, Anthony has led BNZ's business bank BNZ Partners and during this time he has shown exceptional leadership and commercial acumen," outgoing NAB chief executive Cameron Clyne said.
Mr Healy's appointment as CEO and managing director of BNZ is subject to regulatory approval. He will also join NAB's group executive management committee, the bank said.
