P.O. calls in experience

Press, 14 March 1987, Page 26

P.O. calls in experience

The chairman of the Post Office Bank, Ltd, Dr Robin Congreve, has announced that Mr Lindsay Pyne, a 37 year-old New Zealander with extensive overseas banking experience, has been appointed chief executive of the bank, which begins operating as a State-owned enterprise on April 1. Mr Pyne recently resigned as managing director of Broadbank to accept his new post. He went to Broadbank in July last year after an extensive international bankingn career which covered merchant, corporate and retail banking in the areas of lending, marketing operations and treasury, principally with Hill Samuel and Co., Ltd, and the Citibank Group. Immediately before returning to New Zealand he was a vice-president with Citibank's Middle East, Africa Division, based in Athens, and with the responsibility of designing and introducing Citibank’s technologybased banking products into 23 countries.

In New Zealand, Mr Pyne was appointed man-

aging director of Broadbank following the purchase of that company by Government Life Insurance Corporation. He subsequentlty assisted in negotiating the sale of a 74 per cent interest in Broadbank to National Australia Bank, Ltd, and stayed on to advise during the transition of control. As chief executive of the Post Office Bank he will be responsible for the formation of a profitable banking unit,