Senior Manager Changes

ASB Bank Limited (ASB) is pleased to announce the appointment of Mr Andrey Faskheev as Chief Risk Officer effective 16 September 2024, subject to completion of regulatory requirements including Reserve Bank of New Zealand non-objection. Mr Faskheev will join ASB from his role as Chief Risk Officer at PT Bank Commonwealth, based in Jakarta, Indonesia. With extensive global executive and risk management experience, Mr Faskheev’s career spans over 20 years in retail, commercial and institutional banking across Australia and Asia Pacific. ASB announced on 11 June 2024 that Ms Amie Nilsson, ASB’s current Chief Risk Officer, had been appointed to the new executive position of Chief Operating Officer effective 15 August 2024. Mr Brett McGowan, ASB’s General Manager, Credit Risk Management, will act as ASB’s Chief Risk Officer in the interim. ENDS For further information, please contact: Mary Carter, HO Corporate & Governance, ASB Bank Limited asbsecretariat@asb.co.nz