SBS appoints former ASB exec as its new CEO

Former ASB executive Shaun Drylie has been appointed as SBS's new group chief executive, following the sudden death of Wayne Evans earlier this year.

“Shaun’s extensive background across the New Zealand banking industry, innovative thinking and international experience are vital components in the mix and breadth of the skill base that he will contribute to the management of our business, ” chairman John Ward says.

He says SBS wanted someone with the right balance of industry experience, strategic thinking and proven leadership.

Drylie grew up in the South Island towns of Blenheim, Dunedin and Hokitika, starting his banking career in Greymouth 30 years ago. Progressively moving into more senior and strategic roles, his diversity of experience includes retail banking, business development and transformation of business services both in New Zealand and abroad.

He has been part of ASB since 1994 and in 2014 moved to Vietnam to take up a banking growth and development role with Commonwealth Bank VIB (Vietnam) as Head of Operational Excellence and as General Manager of the Capability Exchange programme.

“I am delighted to be joining the SBS team," Drylie said. "SBS's values and vision for the future really connect with me. A bank that is in business for its customers rather than shareholders through its Member structure is a unique proposition and competitive advantage.”

Interim CEO Mark McLean returns to the bank's executive team in his capacity as chief risk and innovation officer.

Drylie returns to New Zealand in mid-July to take up his new role on August 1.