PAUL CHARTER will take on the role, subject to Reserve Bank of New Zealand's non-objection.

BNZ chief executive, Anthony Healy said he was delighted to make the announcement.

“Paul has the right blend of skills and leadership potential to lead this important division and a strong reputation for outstanding strategic insight and delivery,” Healy said.

Carter is currently executive general manager (EGM) of Wealth Products with responsibility for NAB's superannuation, investments and asset management businesses.  He has previously held roles at NAB at an EGM level for business operations and strategy, and corporate and institutional wealth.  Prior to joining NAB in 2008 he held senior roles at Citigroup Smith Barney and The Boston Consulting Group (BCG), both in Melbourne and New York.

“Paul has a very strong track record of lifting customer satisfaction. His experience in strategy and marketing at Boston Consulting combined with his work at NAB in integrating the retail and wealth divisions have honed his understanding of consumer banking and wealth needs,” Healy said.

Carter said he was looking forward to the challenge of the role.

“I am very excited about the opportunity to build momentum and help the Retail and Marketing Leadership team deliver its strategy and drive performance,” he said.

Carter will take on the director role from February 1.