Chief risk office resigns today after a 4 year term. This messes with my head a bit because normally if its an amicable parting of the ways there's an agreement by the incumbent senior exec to stay on until a replacement is found.
Its what is not said in the NZX announcement that causes some grounds for concern and backs up my gut feel that the way HNZ is moving is more towards the consumer finance end of the risk spectrum which isn't where I feel especially comfortable after almost every man, his dog and his cat lost a great deal of money in this sector as a result of literally dozens of finance companies collapsing during the GFC.
http://www.sharechat.co.nz/article/d...ew-zealandhtml
Stock appears to have become stuck in the current 99-100 rut lately. Thoughts ???