NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Premium
Home / Business / Companies

Business Insider: Mike Tod lines up at CBA, BNZ boss Angela Mentis stumbles, ANZ dodges settlement

NZ Herald
7 May, 2021 05:00 PM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Mike Tod.

Mike Tod.

THE INSIDER
THE INSIDER

Stay up-to-date with The Insider, a weekly column featuring what's happening behind the scenes in business.

Just a month after joining Aussie banking giant CBA, Kiwi Mike Tod has already been tipped as a strong contender to become the bank's new head of corporate affairs.

The former Air NZ executive has just lost his new boss, Priscilla Brown, who is finishing up at the end of May and heading back to the US.

That's led to speculation Tod could take over her role as group executive of marketing and corporate affairs, although the Sydney Morning Herald noted he is expected to face competition from long-standing CBA executive and current chief marketing officer Monique Macleod.

Advertisement
Advertise with NZME.

Should Tod get the nod, he'd end up being the boss of Marie Hosking, head of corporate affairs at CBA's New Zealand subsidiary ASB and who previously worked alongside Tod at Air New Zealand.

Tod was among the slew of execs to leave the airline since Covid destroyed 99 per cent of its revenue. Former chief financial officer Jeff McDowall has just joined his old mate Cam Wallace at MediaWorks.

Bubble trouble

The opening of the transtasman bubble has been a mixed blessing for one top chief executive.

Angela Mentis, chief executive of the Bank of New Zealand and an Australian, will now able to visit family again without having to go through quarantine (provided there aren't any more outbreaks).

Advertisement
Advertise with NZME.
BNZ chief executive Angela Mentis. Photo/ Jason Oxenham
BNZ chief executive Angela Mentis. Photo/ Jason Oxenham

But on a recent trip back to Sydney she had an accident which has left her temporarily marooned in Australia while she recovers.

"I am here in Sydney. I've had a little accident which has made me a little immobile but as soon as I can get back on my feet I will be back as soon as possible," she told The Insider this week after delivering the bank's half year result.

Discover more

Economy

Jarden Brief: Bezos sells nearly US$2 billion in Amazon stock

06 May 08:35 PM
Banking and finance

BNZ half year profit up 80% to $660 million

05 May 10:25 PM
Opinion

Hamish Rutherford: Reserve Bank's preferred lending tool would hit investors 'hard'

06 May 05:20 AM
Markets

Stock Takes: Reporting season preview, $55m Craigs deal

06 May 07:00 PM

"I have learned a good lesson and that's not to multi-task on a step ladder." Mentis has a broken ankle and a ripped Achilles tendon but says she is on the mend.

"I'm repairing well because I am determined to be back as soon as possible."

Despite the accident she is upbeat about the bubble opening. "I'm delighted with the transtasman bubble."

Mentis, who took over as CEO of the BNZ in 2018, was also trapped in Australia when New Zealand went into its first major lockdown in March last year.

She was home visiting family when she got locked out. She then ran the bank from Australia for four months before returning to New Zealand in July.

Lucky Escape

ANZ must have been breathing a sigh of relief this week when its former subsidiary UDC Finance reached a settlement with the Commerce Commission after it was found to be charging unreasonable fees.

Advertisement
Advertise with NZME.

ANZ sold UDC to Shinsei Bank in June last year for $762 million with the official transfer not happening until September. UDC's offending occurred between June 2015 and September 2016 for dishonour fees and between June 2015 and February 2021 in relation to late payment fees.

The finance company has to pay back $37 to each borrower that was charged a $45 dishonour fee during the specified timeframe and a full refund of the late payment fee for those who paid their arrears within seven days of being charged the fee and the difference between the late payment fee and the amount payable had UDC charged $14 for every 14 days the borrower was in arrears for all remaining borrowers.

While the total number of borrowers affected has not been revealed nor the total settlement amount a Commerce Commission spokeswoman said information provided to the commission by UDC would suggest that approximately 5000 late payment fees and approximately 21,000 dishonour fees were charged by the company each year.

A UDC spokesman said it was unable to provide details on how many customers were affected or how much its total payment would be but said it would be contacting all affected customers this month to confirm the refund they are due.

Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Latest from Companies

Property

'We're saying no' – house-building boss on timber price hikes

Premium
Airlines

Industry boss says cockpit video recorders might be good idea in future after Air India crash

Business

Government's giant internet, security upgrade under way for 2500 schools


Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

Advertisement
Advertise with NZME.

Latest from Companies

'We're saying no' – house-building boss on timber price hikes
Property

'We're saying no' – house-building boss on timber price hikes

New Zealand's busiest house builder v timber giant on price rises planned from October 1.

17 Jul 05:07 AM
Premium
Premium
Industry boss says cockpit video recorders might be good idea in future after Air India crash
Airlines

Industry boss says cockpit video recorders might be good idea in future after Air India crash

17 Jul 04:00 AM
Government's giant internet, security upgrade under way for 2500 schools
Business

Government's giant internet, security upgrade under way for 2500 schools

17 Jul 02:00 AM


Solar bat monitors uncover secrets of Auckland’s night sky
Sponsored

Solar bat monitors uncover secrets of Auckland’s night sky

06 Jul 09:47 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP