ASB Announces Organisation Design and Leadership Changes

ASB’s new Chief Executive, Charles Pink, today announced three new roles designed to align ASB’s organisation structure and leadership with ASB’s vision of being world class for customers, colleagues and communities (“world class for the 3 C’s”) :

· Chief Executive Customers, Markets and Products
This new role will bring together customer, marketing and product management units.

· Chief Community Partnership Officer
This new role will champion ASB’s Community Partnership activities.

· Chief Risk Officer
This new role will bring together all risk and control activities.

Four existing Executive roles will disappear as a result of these changes.

Linley Wood, currently Group Head of Strategy and Communications, will assume the role of Chief Community Partnership Officer.

Carolyn Kidd, currently Head of Credit Risk, will adopt the role of Chief Risk Officer on an acting basis.

Stewart McRobie, currently Head of Finance and Risk, will adopt the role of Chief Executive Customers, Markets and Products on an acting basis, as well as maintaining his Finance responsibilities.

Peter Hall, currently Head of Business Ventures, has elected to leave the group.

The changes are effective 1 May.

Chief Executive Charles Pink said “These organisation design and leadership changes will better align us with our vision of being world class for the 3 C’s : Customers, Colleagues and Communities”.