Still think there is even more to it. More dead fish?
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The Aussie banks are under a lot of scrutiny, both at home and here in NZ. What better way to demonstrate a change than to crack down on a NZ subsidiary?
Nothing has changed in banking circles, at the highest levels at least
ANZ issues and then we’ll never know why the newly appointed CFO for BNZ never turned up for work.
Then again most high flying execs probably root the system (at shareholders expense)
Maybe the teflon has worn off? https://www.newsroom.co.nz/2019/06/1...is-biggest-hit
We do know!
She was CFO for 6 years at Ambank (Malaysian bank then partially owned by ANZ) which was at the heart of the biggest corruption case in history, Malaysia's 1MDB. Former Prime Minister Najib's personal account at Ambank recieved $US681m in overseas funds. This she would have had to have known about.
https://www.freemalaysiatoday.com/ca...as-court-told/
She could have and should have resigned, once she knew what was going on. Good on the RBNZ for blocking her appointment. We don't want yes people in charge of NZ banks.
https://i.stuff.co.nz/business/indus...that-never-was