At the AGM held in conjunction with their annual conference, Nathan Stewart stepped down from the Board after two years so he could concentrate on his own practice and was replaced by Jon Reddiford.

AXA Global Investors (AXA GI) has announced two new appointments to its wholesale distribution team. Matthew Laing has joined AXA GI as Head of Wholesale and Aaron Klee as Senior Client Relations Manager.

Hamilton - Kingsgate Hotel, 100 Garnett Avenue

HSBC launched a home loan campaign yesterday with its rates slashed by between 40 and 56 basis points.

As recoveries go, the Quarterly Survey of Business Opinion (QSBO) has elements of a working man's pancake - nutritional enough, but rather flat, says BNZ.

Takapuna

Dorchester Pacific Finance is running six to eight weeks behind schedule on its recapitalisation plan, though it has recently settled its last substantial prior ranking debt.

The trustee and wealth management company Guardian Trust has appointed Philip Morgan Rees to the role of Head of Distribution.

Damas Potoi has resigned from his position as a director of the board of directors of Smartshares Limited.

The banks shied away from making too many moves in the deposit rate war as they prepared for new liquidity rules requiring them to limit their reliance on short-term offshore funding.