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ASB Bolsters Business With Top Talent

Published: Fri 7 Nov 2003 09:06 AM
ASB Bolsters Business With Top Talent
Banking heavyweight Frank Olsson has just been appointed to head ASB Bank’s new Corporate Banking division.
Mr Olsson has a distinguished career in banking most recently heading National Australia Bank’s Tokyo operations and previously its South East Asia and Singapore operations.
“Mr Olsson’s appointment is part of ASB Bank’s significant investment in the business banking market. It comes on the back of our strongest year of growth to date since we first launched the Business Banking division in 1998,” says James Mitchell, Head of Relationship Banking and Financial Services, ASB Bank.
In little more than a decade ASB Bank’s Business Banking division is now growing faster than the rest of the market. To the end of the last financial year the division grew 20% throughout New Zealand. Because of that growth the Bank has launched a new Corporate Banking division which Mr Olssen is heading up.
“ASB Bank is now a key banker to the business community and we are pleased to be able to attract such top talent as Frank Olsson to lead our new Corporate Banking division.
“Mr Olsson’s focus is on the medium to large segment of the New Zealand business market. This allows us greater understanding of these larger clients so we can serve and grow this segment more aggressively.
“Mr Olsson brings years of experience and a detailed understanding of the Corporate Banking market to the position which will be valuable as we grow this segment,” he says.
Mr Olsson spent nine years with Bank of New Zealand in the 1990’s and has worked for several Scandinavian banks, The World Bank as adviser to Kenya’s Ministry of Finance and was Treasurer for his home town of Stockholm in Sweden.
His education includes Law and Economics qualifications from Stockholm University as well as banking and financial management at Cambridge University, Harvard Business School and New York University.

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