Pyne Gould prepares to be a bank

Sean Kam joins PGC as its new chief financial officer and Craig Stephen takes on the newly created position of chief investment officer. 

The company says both men bring significant experience and expertise across the banking, funds management and investment advisory industries to PGC

Kam has "significant operational and strategic management experience that will be of great benefit to MARAC, including managing bank regulatory and financial reporting, as well as having been through the banking application process," PGC chief executive Jeff Greenslade says.

Kam has more than 18 years experience in senior finance positions, predominantly in the banking sector in New Zealand and the United Kingdom. Directly prior to joining PGC he was the chief operating officer and a director of ABN AMRO New Zealand, and before that held the CFO position at Merrill Lynch New Zealand.