New CEO for Kiwibank

Kiwibank announced today that former ASB executive Steve Jurkovich will be taking the helm as the bank’s fourth chief executive.

Thursday, April 26th 2018, 1:10PM

by Miriam Bell

Jurkovich, who will be based in Wellington, is set to start his new role as CEO of both Kiwibank and Kiwi Group Holdings on July 30.

Before leaving ASB recently, Jurkovich was ASB’s executive general manager of business banking. Prior to that, he was the bank’s executive general manager for corporate, commercial and rural banking.

Kiwibank chair Susan Macken says the bank’s recruitment process was a global one, focused on finding someone with the experience and skills to lead the bank in a highly regulated and fast-changing, digital world.

“Our new CEO has extensive experience right across the banking industry, and what most impressed me is his focus on customers.

“He has demonstrated a deep understanding of the future of banking and a passion for doing what’s right for customers.”

This is critical as he will have to ensure Kiwibank remains a sustainable and competitive bank that meets the changing needs and digital preferences of customers, Macken says.

Jurkovich says Kiwibank has an incredible brand that resonates with all New Zealanders and that it is a privilege to be asked to guard and increase the reach of that brand.

“If we look at the revelations from Australia’s royal commission into financial services, we see a disappointingly low public perception of financial services there.

“But on this side of the Tasman New Zealanders should be pleased we have a higher level of scrutiny on our banking practices, and arguably a healthier industry culture too.

“Banks have an important role to play in sustaining a prosperous New Zealand and I believe Kiwibank is a business that can really make a positive difference in this regard.”

Jurkovich takes over the role from former CEO Paul Brock who left Kiwibank at the end of 2017. Mark Stephen has been acting CEO in the interim.

Tags: ASB banks Kiwibank people