Our company

The ASB Group of companies is one of the largest providers of financial and insurance services in New Zealand. ASB Bank Limited is one of New Zealand's leading commercial banks, committed to delivering on our purpose of accelerating financial progress for all New Zealanders through our products, services and how we support our community.

ASB Group of companies

ASB Securities

ASB Securities Limited is a sharebroking company that provides DIY access to local and international financial markets. ASB Securities Limited is an NZX firm.

Commonwealth Bank

The Commonwealth Bank is one of Australia's leading providers of integrated financial services.

ASB Group Investments Limited

ASB Group Investments Limited is a recognised leader in the field of retirement savings and investments.

The directors of ASB Group Investments Limited are:

  • Adam John Boyd of Auckland, New Zealand
  • Jon Edward Raby of Auckland, New Zealand
  • Carl Roy Ferguson of Auckland, New Zealand


BankDirect was established as a digital only bank in 1997. All customers were transitioned to equivalent ASB products by July 2018.

Executive leadership team

Vittoria Shortt

Chief Executive Officer and Managing Director

Vittoria has been the Chief Executive Officer and Managing Director of ASB Bank since February 2018.

Leading a team of 5,500 people, Vittoria is focused on accelerating the financial future of all New Zealanders by delivering experiences that are simple and easy every day and brilliant when it matters for its people, customers, and community.  

Vittoria has 18 years' experience in banking across corporate strategy, retail banking, mergers and acquisitions and operations, and has held several senior leadership roles since joining ASB's parent company, the Commonwealth Bank of Australia (CBA) in 2002.

Vittoria's career began in New Zealand, working in Corporate Finance and Mergers and Acquisitions with Deloitte and Carter Holt Harvey. 

Vittoria holds a Bachelor of Management Studies majoring in Accounting and Finance from Waikato University and is a Fellow Chartered Accountant with the Institute of Chartered Accountants, Australia and New Zealand.  

Vittoria is a member of Chief Executive Women Australia and Global Women New Zealand.

Adam Boyd

EGM Private Banking, Wealth and Insurance 

Adam joined ASB in April 1995 as a Dealer in the Corporate and Commercial FX Sales team.

Before being appointed Executive General Manager of Private Banking, Wealth and Insurance in 2016, Adam's roles at ASB included General Manager of Global Markets, Strategy and Product, General Manager of Worksmart and Chief Manager of Treasury and Financial Markets. 

Adam has over 25 years' experience in leading sales teams, with a specialist knowledge of global financial markets. 

Adam has a passion for protecting the environment, farming and agriculture, financial wellbeing, wealth management and asset management.

As a leader, Adam believes that similar to the notion that we are only custodians of a business for a short period, managers will only lead people for a short window of their career. With this in mind, Adam's goal is to ensure that each person he leads goes away richer for their experiences at ASB.

Adam is a Board member of the Financial Services Council and has a Bachelor of Commerce in Finance and Economics from the University of Auckland. 

Carl Ferguson

Chief Risk Officer

Carl joined ASB in May 2012 and was appointed Chief Risk Officer in July 2018.

Carl has over 19 years' experience within the Financial Services Industry across Banking, Funds Management and Insurance. Prior to the Chief Risk Officer role, Carl was the Chief Internal Auditor, leading and managing ASB's independent and objective Audit and Assurance function, comprising of Internal Audit, Credit Portfolio Assurance and Retail Network Assurance.

Before moving to ASB, Carl spent 11 years with the Commonwealth Bank of Australia in Sydney, finishing in the General Manager of Finance role.

As a leader, Carl believes in the importance of supporting people to be successful by working together as a team and making everyone feel included. Carl believes diversity, in its broader sense, helps everyone achieve better solutions overall. 

Carl is a qualified Chartered Accountant and has a Bachelor of Commerce from the University of Auckland.

Carl is co-Chair of the ASB Diversity and Inclusion Council and founding Chair of Unity, ASB's LGBTI+ network.

Craig Sims

EGM Retail Banking

Craig Sims joined ASB in February 2019 as the EGM of Retail Banking.

Before moving to ASB, Craig worked for the ANZ Group as a Customer Operations Lead for ANZ Australia. In this role, Craig was responsible for ANZ's Simplification, Product and Operational Excellence agenda. 

Craig has more than 30 years' experience in financial services, spanning retail and business banking. Craig has held several roles for the National Bank of New Zealand (NBNZ), including Chief Manager, Strategy, Head of Human Resources, Managing Director of Business Banking, and Managing Director, Retail and Business Banking. 

Craig has a passion for making banking simpler for both customers and ASB people. He does this by leading and being a part of high-performing, engaged teams.

As a leader, Craig has a special focus on taking care of the people in his team. He believes it is important to communicate what success looks like, and ensure people are supported along the way to achieving it. He believes when people are supported well, they will in turn, serve customers better. 

Craig has completed an MBA at Victoria University in New Zealand. He has also completed the Senior Executive Program at Columbia Business School in New York, and a Digital Transformation Program at the Massachusetts Institute of Technology.

Craig is a Senior Fellow of the Financial Services Institute Australasia and a Member of Institute of Directors NZ.

David Bullock

EGM Technology and Operations

David joined ASB in December 2018 as EGM Technology and Operations. Prior to this, David was EGM Technology Operations, Risk and Control at IAG. 

David has extensive experience in financial services, having held a number of different roles at the Bank of New Zealand (BNZ), including CFO for the Retail Bank, Head of Innovation, and Head of Business Strategy and Operations for Retail. Most recently, he was BNZ's Executive Director for Products, Digital, Technology and Financial Crime. 

Before working in financial services, David held roles in New Zealand and the UK with New Zealand Post, Thomson Reuters and Yahoo! 

David has a special interest in digital technology, data management and engineering.

As a leader, David believes in the importance of hiring the best people and empowering them to do the best work of their careers. He is passionate about seeing people learn and improve their craft, and believes it's important to stay open and real in every conversation. 

David has a Bachelor of Science (Computer Science) from the University of Auckland.

Jon Raby

Chief Financial Officer

Jon joined ASB in March 2012 as the Chief Financial Officer. 

Before moving to ASB, Jon was the Chief Financial Officer for the Commonwealth Bank of Australia's Retail Banking and Enterprise Services Divisions. Prior to this, he was the Chief Financial Officer of Sovereign Assurance.

Jon leads ASB's finance, treasury, property, procurement and model risk centre of excellence functions. 

With an extensive background in the Financial Services industry across Australia, New Zealand, the United Kingdom and South Africa, Jon's career experience spans executive financial leadership, online banking, strategy, treasury and securitisation.

As a leader, Jon believes in order to achieve great things, you must regularly push yourself outside your comfort zone and have the support of great leaders working with you. 

Jon has a Bachelor of Commerce and CTA from the University of Cape Town and is a member of Chartered Accountants Australia and New Zealand.

Jon was awarded 'Chief Financial Officer of the Year' at the Deloitte Top 200 Business Awards in November 2018 and is on numerous ASB Group company boards.

Lohit Kalburgi

EGM Corporate Strategy and Customer Experience

Lohit Kalburgi joined ASB in January 2019 as the Executive General Manager for Corporate Strategy and Customer Experience. In this role, his key focuses are on the development, management and reporting of ASB's strategy, as well as ASB's journey towards becoming a more customer-centric organisation. He is also in charge of ASB’s brand, marketing, community, sponsorship and events teams, as well as innovation and payments strategy teams.

Lohit has a broad range of experience across transformation, technology, marketing, product and design, as well as leading a number of entrepreneurial start-ups. 

Beginning his career in New Zealand, Lohit has also lived and worked in the UK, USA and Spain, working for large companies including Vodafone, British Telecom, Barclays and global Spanish bank BBVA.

Lohit is passionate about bringing together customer experience and technology for the benefit of accelerating financial progress for all New Zealanders.

As a leader, Lohit believes that leadership is about creating the right environment for the right people, then stepping aside to empower them to do their thing. 

Lohit holds a Bachelor of Science and a Bachelor of Commerce from the University of Auckland, an Executive MBA from Henley Business School and a Global Executive Masters in Strategy and Innovation from Parsons. Lohit is on the ASB Waterfront Theatre Board.

Nigel Annett

EGM Corporate Banking

Nigel joined ASB in January 2011 as Treasurer responsible for funding, liquidity, capital and asset and liability management. Before becoming Executive General Manager, Nigel held the position of General Manager Global Markets, responsible for the sales and trading business at ASB across foreign exchange, commodity and interest rate products.

Nigel has 23 years' experience in the financial sector and, prior to joining ASB, spent 11 years in Treasury and Institutional banking roles, at ANZ in Melbourne and Singapore. Nigel has a special interest in understanding and managing the financial risks in public markets.  He also likes to focus on key business drivers and working with customers to unlock value for their business.

As a leader, Nigel believes in empowering teams, and that the role of the leader is to provide direction, guidance and sometimes to just step aside and let the team do their thing.

Nigel is a Director of Trade Window and of the NZ Financial Markets Association (NZFMA). He has a Bachelor of Commerce from the University of Otago and a Masters of Commerce from the University of Cape Town.

Robyn Worthington

EGM People 

Robyn joined ASB in January 2020 as Executive General Manager of People.

Robyn leads the People function which includes talent sourcing and management; reward and recognition; health and safety; leadership and learning and organisational development. 

As a senior Human Resource professional, Robyn has over 25 years of experience leading HR transformation in financial services organisations both here in New Zealand and overseas, including GE Capital, Goldman Sachs and CBA. 

Prior to her permanent appointment, Robyn contracted to ASB in 2018 as Acting EGM of People, where she led the programme around the establishment of ASB's unified People function and operating model. 

Her key areas of interest professionally include employee experience, the future of work and digital people processes.

As a leader, Robyn believes it is important to provide clear parameters for a team, encouraging team members to focus on the few things that will make a big difference. She believes it is important to reduce process and simplify, while still remaining within risk and governance parameters.

Robyn has a Bachelor of Arts, (Psychology), a Master of Commerce (Industrial Relations and HR), Certificate in Management (Corporate Social Responsibility), and is a graduate of the Australian Institute of Company Directors.  

Robyn's governance experience includes serving as a non-executive Director for the Victorian Managed Insurance Authority.

Stephen Bendall

General Counsel and EGM Business Services

Stephen joined ASB in September 2019 as General Counsel and Executive General Manager of Business Services.

Stephen's role includes Company Secretary accountability and the leadership of ASB's legal, group governance, government and regulatory affairs and corporate affairs teams.

Stephen has 30 years' experience as a qualified lawyer and has spent the last 23 years working in and advising the financial services industry. 

Prior to this role, Stephen was based in the UK as the General Counsel, EMEA, and International Head of Legal for the Japanese banking and financial services group Mitsubishi UFJ Financial Group (MUFG). Stephen worked for 11 years at Deutsche Bank and prior to that was a lawyer at the global law firm Clifford Chance. 

As a leader, Stephen is pragmatic, considered, diligent and meticulous, relishing complex problems and challenges. He is particularly focused on creating a team environment with developmental opportunities for staff and encouraging collective problem solving. 

Stephen has a Bachelor of Commerce degree and a degree in Law from the University of Auckland. He is a Barrister and Solicitor of the High Court of New Zealand and a Solicitor of the Supreme Court of England and Wales. 

Tim Deane

EGM Business Banking

Tim joined ASB in June 2019 as the Executive General Manager of Business Banking. 

Tim has almost 30 years' corporate experience, including 15 years in the domestic and export food sector, seven years in pharmaceuticals and biotechnology and seven years in the financial services sector. 

Prior to his role at ASB, Tim was Managing Director of Goodman Fielder NZ, New Zealand's largest FMCG business. He has also held senior positions at Fonterra including Managing Director Fonterra Brands NZ and Director Global Sales for Fonterra's global ingredients business. 

Tim is passionate about leading high-performance teams and believes it is important to have clear performance expectations, while also supporting a highly engaged team.

Tim has a special interest in the development of the primary sectors in the New Zealand economy, as well as the role of entrepreneurship in New Zealand business.

Tim holds a Bachelor of Agricultural Science with Honours from Lincoln University.

From 2015 to 2019, Tim was on the Board of the NZ Food and Grocery Council serving as Chairman for the last two years of his term. 

Board of Directors

Dame T.M. (Therese) Walsh

Wellington, New Zealand

External Directorships: Air New Zealand Limited, Contact Energy Limited, Therese Walsh Consulting Limited, and On Being Bold Limited.

Dame Therese Walsh was appointed as a Director of the Bank on 13 October 2015 and appointed as Chairman of the Board effective 1 September 2021.

Dame Therese is Chairman of Air New Zealand Ltd, and a Director of Contact Energy Ltd.  She is also a member of the board of Antarctica NZ.  Previously she was Pro-Chancellor of Victoria University, the Head of NZ for the ICC Cricket World Cup 2015, and the Chief Operating Officer for Rugby New Zealand 2011 Limited, the company established by the NZRU and the NZ Government to deliver the Rugby World Cup Tournament in 2011.  She has also held a number of Government advisory roles, been Chairman of TVNZ Ltd, a Director of NZX Ltd, NZ Cricket, and Save the Children NZ, was the Chief Financial Officer at the New Zealand Rugby Union, and held a senior role with KPMG.

Dr. R.M. (Rod) Carr

BCom (Hons) LLB (Hons) MBA MA PhD
Christchurch, New Zealand

External Directorships: Waingawa Forest Corporation Limited, JRC (NZ) Limited, Otakaro Limited.

Dr Carr was appointed as a Director of the Bank on 12 September 2018.

Dr Carr was Vice-Chancellor at the University of Canterbury from 2009 and retired from that position in January 2019.  Previously, he was Managing Director of Jade Software Corporation Ltd and had a distinguished career in the banking sector, which included roles as Acting Governor of the Reserve Bank and Chair of the Board of the Reserve Bank.

Dr Carr holds a PhD in Insurance and Risk Management and a Master of Arts in Applied Economics and Managerial Science from The Wharton School, University of Pennsylvania; an MBA in Money and Financial Markets from Columbia University, New York; and undergraduate honours degrees in Law and in Economics from the University of Otago.

S.R.S. (Simon) Blair

BA (Hons) GradDipBusAdmin MSc
Auckland, New Zealand

External Directorships: BUPA Chile S.A. (Chair).

Simon was appointed as a Director of the Bank on 1 October 2012.

Simon's career has been spent in the health care and financial services industries. Prior to his appointment as a Director he worked at CBA for ten years with over five years as Group Executive, International Financial Services. During this period he was also the Group Executive responsible for BankWest. Prior to his Group Executive appointment, he was Managing Director and CEO of Sovereign Assurance Company Limited for three years. Before joining CBA Simon was Chief Operating Officer of Medibank Private in Australia and had been CEO of Australia's largest hospital group. Simon has also been CEO of two other large healthcare companies in New Zealand and Australia and previously held executive roles with both the World Bank and the IFC based in Washington DC. His previous board appointments include Bank of Hangzhou Co. Limited, Sovereign Assurance Company Limited, The British United Provident Association Limited and BoCommlife Insurance Company Limited.

D.A. (David) Cohen

Sydney, Australia

External Directorships: PT Bank Commonwealth

David was appointed as a Director of the Bank on 11 February 2019.

David Cohen is the Commonwealth Bank’s Deputy Chief Executive Officer. He commenced in this role in November 2018. David is also the President Commissioner of PT Bank Commonwealth, CBA’s retail and business banking operation based in Jakarta, Indonesia. David is responsible for the Group’s Customer and Community Advocacy, Customer Remediation, Mergers & Acquisitions, Group Investigations and BEAR Supervisory teams as well as PT Bank Commonwealth. David also oversees Colonial First State and the team supporting separation of divested businesses. In addition to his business responsibilities, David’s key priority is supporting the Chief Executive Officer on Group-wide initiatives to build tomorrow’s bank today for our customers. David chairs the Bank’s Royal Commission Implementation Taskforce and is a member of the Executive Leadership Team.

David joined Commonwealth Bank in 2008 and has held a number of roles including Group General Counsel, Group Executive Group Corporate Affairs and Chief Risk Officer. Previously, David was General Counsel of AMP and a partner with Allens Arthur Robinson for 12 years.

R.J.P. (Ross) Buckley

Auckland, New Zealand

Ross was appointed as a Director of the Bank on 1 October 2020.

Ross was the Executive Chairman of KPMG in New Zealand from 2011 and a member of KPMG's Asia Pacific Board and KPMG's Global Council until October 2020. During his 38 year career with KPMG he has managed the firm's Audit, Risk and Tax practices in addition to the firms' People, Performance and Culture function. Ross joined KPMG in 1983 and became a Partner in 1994 and has worked in KPMG's Amsterdam, Toronto, International and Wellington offices before moving to Auckland in 2008. Ross will retire from KPMG effective 31 October 2020.

Ross is also a Massey University School of Business Advisory Board member since 2013 and chaired it since 2017.

AUDIT AND RISK COMMITTEE Dame Therese Walsh (Chairman)
S.R. (Simon) Blair
R.M. (Rod) Carr
D.A.(David) Cohen
G.R. (Gavin) Walker
N. (Nigel) Annett
S. (Stephen) Bendall
A. (Adam) Boyd
D. (David) Bullock
T. (Tim) Deane
C. (Carl) Ferguson
L. (Lohit) Kalburgi
J. (Jon) Raby
C. (Craig) Sims
S. (Simon) Tong
R. (Robyn) Worthington
Chief Executive Officer
Executive General Manager Corporate Banking
General Counsel and Executive General Manager Business Services
Executive General Manager Private Banking, Wealth and Insurance
Executive General Manager Technology and Operations
Executive General Manager Business Banking
Chief Risk Officer
Executive General Manager Corporate Strategy
Chief Financial Officer
Executive General Manager Retail Banking
Executive General Manager Digital, Data and Brand
Executive General Manager People
INTERNAL AUDITOR P. (Paula) Steed Chief Internal Auditor
AUDITOR PricewaterhouseCoopers
Chartered Accountants
PwC Tower
188 Quay Street
Auckland 1010
New Zealand
(Ordinary Shares)
Commonwealth Bank of Australia
Ground Floor, Tower 1
201 Sussex Street
Sydney, NSW
ASB North Wharf
12 Jellicoe Street
Auckland 1010
New Zealand