In this month’s Tyndall comment, Andrew Hunt discusses Tyndall's expectation that New Zealand’s recession will deepen further in coming months. And, the different paths emerging for both NZ and Australian economies.

Wellington

Cashed-up baby boomers take advantage of perceived bargains in the property market, Veda Advantange says. It reports that mortgage applications were up 38% in March, compared to the same month last year.

AMP NZ Office Trust (ANZO) has signed up Peter Walkinshaw to the new position of portfolio manager – commercial.

Syndicated commercial property is making a comeback as an investment alternative as investors look for new options and returns in the marketplace improve.

Public Trust says the government guarantee it has on term and on-call account deposits has been extended to include interest.

Fortress notes worthless; Credit event for Credit Sails; Rabobank contemplating PIEs; Geneva forks out third repayment; Contact raises $550m

Iconic Rural Property Trust shrinks, Geneva gets banker's backing.

Graham Law has been promoted through the ranks of AMP Capital Investors to take up the pole position of managing director.

Kuala Lumpur, Malaysia

Pyne Gould Corporation says that Jeff Greenslade will take over the role of chief executive at Marac, currently held by Brian Jolliffe.

Financial industry stalwart David Whyte has been appointed to the board of Fidelity Life Assurance.

Wellington

Everyone including depositors, the Reserve Bank, trustees and non-bank deposit takers has a role in ensuring the future health of the finance sector, Reserve Bank Head of Prudential Supervision, Toby Fiennes, says.

Public Trust has signed up Robert Gatward as the new senior manager client services.