Non-major bank appoints new CEO

by Maya Breen14 Jun 2016
Non-major SBS Bank has welcomed on board a new CEO.

SBS Bank chairman John Ward today announced that Shaun Drylie has been appointed as SBS Group chief executive.

Drylie takes on the role after Wayne Evans, who became chief executive in April 2014, died suddenly in January this year. 

“SBS has a proud 147 year history with a strong vision of what we want to be for our members in the future," said Ward. "In searching for a replacement, the Board was seeking an individual with the right balance of industry experience, strategic thinking and proven leadership”.

“Shaun’s extensive background across the New Zealand banking industry, innovative thinking and international experience are vital components in the mix and breadth of the skill base that he will contribute to the management of our business”.

Drylie grew up in the South Island towns of Blenheim, Dunedin and Hokitika, commencing his banking career in Greymouth 30 years ago. Progressively moving into more senior and strategic roles, his diversity of experience includes retail banking, business development and transformation of business services both in New Zealand and abroad.

He has been part of the ASB Banking Group since 1994 and in 2014 moved to Vietnam to take up a banking growth and development role with Commonwealth Bank VIB (Vietnam) as head of operational excellence and as general manager of the Capability Exchange programme.

“I am delighted to be joining the SBS team. SBS's values and vision for the future really connect with me," Drylie said. "A bank that is in business for its customers rather than shareholders through its Member structure is a unique proposition and competitive advantage.” 

“On behalf of the Board I would like to acknowledge and thank Mark McLean for his contribution as Interim CEO during this critical time," Ward said.

"We are most grateful to have had someone of Mark’s calibre step in and provide continuity and confidence over these last few months. Mark will continue to play a significant role in the bank’s ongoing transformation with the SBS Bank executive team in his capacity as chief risk and innovation officer.’’

Drylie has a Masters of Management with Distinction in Banking Management through Massey University and is a senior fellow of the Australasian Institute of Banking. He moves back to New Zealand with his family mid-July to take up his new role on 1 August 2016.

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