New building society appointments made

Press, 9 April 1977, Page 19

New building society appointments made

1 The Registrar of Building ■ Societies has confirmed the [transfers of engagements [which will merge the Otago, [Christchurch Mutual, Gisl borne, and Citizens (formerly New Zealand - Auckland) permanent building societies. [ The merger started on 'April 1, and the societies are ■ now under the name New [Zealand Permanent Building j Society, which has assets of Imore than S3OM. ; The society’s head office Jis in Dunedin, but business I will continue to develop on [a national basis. I The following directors i have been appointed: Mr B. J. Naylor, formerly chairman I of the Otago Building Society. and managing (director of Naylor Love Construction, Ltd, who becomes chairman. [ Mr R. K. Baker, previously a director of the [Christchurch Mutual Build'ing Society who is elected to the board, as is Mr M. D.

'iChrisp, formerly chairman :jof directors of the Gisborne siPermanent Building Society. ,j Mr A. R. Low. who • recently retired as governor -iof the Reserve Bank; Mr B. -F. Preddle, chairman of -I directors of the former New Zealand Permanent Building i Society, of Auckland, and ;,Mr A. C. Wilkinson, a for-.-;mer director of the Otago ! Building Society. f The Society’s general manager is Mr R. E. Broad of Dunedin. ;J Christchurch appointments 11 are Mr R. K. Baker, a former national president of > the Real Estate Institute of (New Zealand, who becomes i[chairman of directors of the -(local board of the Society, ; and Mr V. T. Maffey, mah- > ager of the Christchurch •i Mutual Building Society, iwho becomes assistant gen■leral manager of the society. I Mr Maffey is vice-presi-dent of the Permanent BuildLing Societies’ Association of . New Zealand (Inc).