ASB appoints new MD

Pink will be joining ASB from the Barbados based FirstCaribbean International Bank.

Burrett is standing down after seven years in the top post, and a 40 plus year career with ASB.

ASB Bank chairman Gary Judd syas Pink "is a banker with the qualities, expertise and leadership skills to take ASB through the next stages of development."

Pink is the founding chief executive of FirstCaribbean, a publicly listed company formed six years ago through the merger of the Caribbean operations of Canadian Imperial Bank of Commerce and Barclays Bank. Prior to joining FirstCaribbean, he had an 18-year career in personal and commercial banking with Barclays.

FirstCaribbean offers a full range of market-leading financial services in corporate, business and personal banking, treasury, wealth management, credit cards and capital markets. With more than 800,000 customers, it is the largest, regionally-listed bank in the English-speaking Caribbean, with assets in excess of US$12 billion, more than 3500 staff, over 100 branches and offices in 17 countries.