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- Dual-listed financial services company Heartland Group (HGH) expands its strategic management group (SMG) to support future growth
- Previous Chief Risk Officer of New Zealand’s Heartland Bank, Michael Drumm has been appointed Group Chief Operating Officer of Heartland Group
- Taking Mr Drumm’s place is Andy Wood, formerly of the Reserve Bank of New Zealand and who will assume his Heartland role on April 11
- Heartland says the changes align with its added focus on Australia and the increased scale in Heartland Bank which requires more dedicated resources
- HGH last traded at $2.11 on April 5
Heartland Group (HGH) has expanded its strategic management group (SMG) to support the company’s future growth.
Heartland is a dual-listed financial services company operating in New Zealand and Australia.
The company’s services differ slightly in both countries. In New Zealand, the Heartland Bank offers banking products in the household, business and rural markets. In Australia, Heartland specialises in reverse mortgage loans and provides funding to partners within the small business and consumer lending sectors.
As part of Heartland’s strategy to enhance its SMG, previous Chief Risk Officer of Heartland Bank Michael Drumm has been appointed as Group Chief Operating Officer of Heartland Group.
Taking his place as Chief Risk Officer of Heartland Bank is Andy Wood, who will assume the role on April 11, 2022.
Heartland said Mr Wood brings 30 years of banking and finance experience and an in-depth knowledge of New Zealand’s regulatory environment.
Prior to joining Heartland, Mr Wood held several leadership roles at the Reserve Bank of New Zealand (RBNZ).
In his most recent position as Head of Supervision, he was responsible for delivering and modernising the RBNZ’s overall approach to supervision, covering both prudential and anti-money laundering activities.
Heartland said the changes align with its added focus on Australia and the increased scale in Heartland Bank which requires more dedicated resources.
HGH shares last traded at $2.11 on April 5.
