Banking News

Percival to take over as CEO of UDC Finance

Percival to take over as CEO of UDC Finance

(1 July 2015 – New Zealand) ANB Bank NZ announced the appointment of Wayne Percival as chief executive of its subsidiary UDC Finance, subject the Reserve Bank of New Zealand approval.

The current chief executive since June 2012, Tessa Price, is to take up the role of chief of staff for ANZ Group chief executive Mike Smith.

Percival has served in the financial services sector for more than 20 years, and brings extensive experience in asset finance, sales, people leadership and business growth to the role.

In his present role Percival heads the Specialist Distribution team for ANZ NZ’s Retail and Business Banking division.

Previously, Percival worked for UDC Finance between 1993 and 2004 where he held a number of senior roles.

He also spent four years with Esanda Fleet Partners in New Zealand and Esanda Finance in Australia.

Percival returned to New Zealand in 2008 when he joined ANZ as a district manager for the Business Banking division.

“Wayne has a great deal of experience and knowledge of asset finance and will provide strong leadership for New Zealand’s leading asset finance company,” said Graham Turley, ANZ managing director Commercial & Agri and director UDC Finance.

“He has a proven track record of working with customers and suppliers across the automotive industry, heavy transport, and productive sectors to develop finance solutions that support their business, and the New Zealand economy.

“We’re looking forward to having him back on board.”

Percival commences his role at UDC on 3 August 2015.

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