Heartland reveals new board member

Heartland Group Holdings has announced the appointment of Kate Morrison as an independent director of subsidiary, Heartland Bank.

Morrison joins Heartland with 20 years of investment banking experience in the United Kingdom, having worked with firms including Merrill Lynch, Goldman Sachs and, most recently, Deutsche Bank, where she held a variety of senior client coverage and management roles in the areas of financial risk management, structured financing and investments. She moved to New Zealand in 2014. Currently, Morrison co-runs Christchurch-based consulting business, as well as holding directorships with Christchurch International Airport, The New Zealand Merino Company and FarmRight.

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Heartland also announced the retirement of existing Heartland Bank director Graham Kennedy. Kennedy served on the board of Heartland Bank since its inception in 2011. Prior to that, Graham was for many years a director and chair of Canterbury Building Society (CBS Canterbury), one of Heartland Bank’s predecessor entities.

“Graham was a strong supporter of the merger that led to the creation of Heartland,” Heartland chair Geoff Ricketts said. “Graham has since been a very valuable director and made a significant contribution to Heartland Bank.

“We thank him for his long service to Heartland and its predecessors and wish him all the best for the future,” he added.