Belinda Newman (Chair)
Treasurer
Kiwibank
Belinda is Treasurer at Kiwibank, leading the Treasury function responsible for managing the banks’ market, liquidity and funding risks.
Belinda has more than 20 years' financial markets experience in various sales, trading and treasury roles in Auckland, Sydney and London.
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Chris Henderson (Deputy Chair)
Head of Global Markets Distribution
ASB Bank
Chris is currently responsible for the financial markets sales and distribution business at ASB across foreign exchange, interest rates and commodities. Chris joined ASB in 2003 and since then has held client facing portfolio management and leadership roles in all segments including Commonwealth Bank of Australia, NZ.
Chris started at Westpac Wellington in 1995 and held various roles in financial markets sales and Short-Term Interest Rate Risk trading, primarily Forward Foreign Exchange. Chris also spent time with Westpac Sydney in the Group Treasury focussing on funding & liquidity.
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Andrew Allan
Head of Markets New Zealand
ANZ
Andrew joined the Institutional New Zealand Leadership Team as Head of Global Markets, NZ in September 2008. This role encompasses interest rate, foreign exchange and commodity trading, management of the bank's liquidity portfolio, sales related services, origination, underwriting, structuring, risk management, advice and the sale of credit and derivative products globally.
Prior to this Andrew has held a variety of roles in ANZ's NZ Global Markets business including most recently Head of Interest Rate Trading.
Before joining the bank, Andrew was a lecturer in Finance at Victoria University of Wellington.
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Philippa Fourbet
GM, Markets
Bank of New Zealand
Philippa is the General Manager, Markets for Bank of New Zealand, responsible for financial markets sales, trading, research and capital markets.
Philippa has over 20 years' experience in financial markets, initially with BNZ in New Zealand and then internationally with NAB and Deutsche Bank. She holds a BCom from University of Otago, the NZ Stock Exchange Diploma and the Australian Securities Institute Graduate Diploma in Applied Finance & Investment.
Within the industry, Philippa is on the NZFMA Board and is an INFINZ member. She is the founder of Domaine Rewa which produces and distributes fine wine and is co-founder of The French Potter.
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Chris Leuschke
CEO of WBC NZ and Head of Financial Markets
Chris is CEO of WBC NZ Branch and Head of Financial Markets for New Zealand, responsible for trading, research, distribution and origination activities across all products.
Chris joined Westpac in 2012 and was responsible for leading the Foreign Exchange and Commodities business, then became the Head of Distribution before moving into the Head of Financial Markets role in 2019 and then CEO Branch role in 2021.
Chris brings with him a wealth of experience with over 25 years' experience across Global Markets both locally and internationally. Prior to returning to New Zealand, Chris spent 12 years in London in various senior roles at Citigroup and the Royal Bank of Scotland (RBS), his last role in London was Global Head of Foreign Exchange Sales.
Chris holds a BCom, in finance and economics from Auckland University.
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Eligible Person Board Members:
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Mark Butcher
Mark was appointed Chief Executive of the New Zealand Local Government Funding Agency (LGFA) in 2014 and his prior role was Treasurer at Auckland Council. Formerly he held senior trading and sales roles across derivative, interest rate and debt products with domestic banks and in the institutional wealth management sector as Chief Investment Officer at Perpetual Capital and General Manager of Alliance Bernstein New Zealand.
Mark currently holds several investment governance roles including Chair of Waikato-Tainui Group Investment Committee and a member of the Nominating Committee for appointments to the board of New Zealand Superannuation Fund Guardians. He was a former director and establishment board member of LGFA.
Mark holds a B Comm, is a CFA charter holder, INFINZ fellow and a Chartered member of the Institute of Directors.
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Phil Newport
Phil is Head of Fixed Interest in ACC’s investment team. In this role Phil has overall responsible for management of ACC’s fixed interest, cash and currency investments and he has held this position for over 23 years. Prior to this Phil worked as a fixed income analyst at Prudential Portfolio Managers in New Zealand before being promoted to the Head of NZ Fixed Interest based in Australia.
Phil has had a long association with the NZFMA, regularly attending the NZFMA’s Credit Markets Committee, as a member of the NZFMA’s Benchmark Oversight Committee, prior its disestablishment (due to the establishment of NZFBF as independent benchmark administrator) and working groups that devised risk free rates.
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Board Observers:
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Adam Richardson
Director of Financial Markets
Reserve Bank of New Zealand
Adam Richardson was appointed Director of Financial Markets in 2025. In this role he leads the directorate responsible for the Bank’s market operations, balance sheet management, and policy advice on domestic and international financial markets and international economies.
Adam joined the Reserve Bank in 2007 and has held a range of leadership roles in economics and financial markets. He was appointed as an internal member of the Monetary Policy Committee for a six-month term from 11 March 2022.
Most recently, Adam was a Senior Manager in the Economics Department, helping to lead the directorate responsible for monetary policy and supporting the work of the Monetary Policy Committee. Earlier in his career, Adam worked as a market's economist at an international bank, gaining experience in global financial markets.
He is a CFA charterholder and holds an Honours degree in Economics from the University of Otago.
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Kim Martin
Head of NZ Debt Management
The Treasury
Kim has overall responsibility for the activities of New Zealand Debt Management on behalf of the sovereign, including strategy, operations and leadership. While overseeing NZDM, Kim maintains active engagement with its diverse global investor base.
Her career in finance spans more than 20 years, with roles both in New Zealand and in the United Kingdom. Prior to joining the Treasury, she was the senior market strategist at Bank of New Zealand, specialising in interest rates and foreign exchange. Previously, she spent close to a decade in London, primarily working for JPMorgan investment bank, where she held the role of global equity strategist. She has been an INFINZ mentor since 2016 and was an INFINZ Board member from 2018-2021.
Kim holds a Master’s degree from the London School of Economics.
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Ex Officio:
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Donna Purdue
Chief Executive
NZFMA
Donna Purdue brings over 30 years of experience across financial markets, banking, and public policy, with a career-long commitment to strengthening New Zealand’s economic systems. She began her career as an economist with Ord Minnett, the British High Commission, and NZIER, before joining Westpac in 1999 as a bank economist. In 2011, she moved to Kiwibank to establish its economics team. Donna has since held senior leadership roles in government, including Chief Economist at MBIE, where she led long-term economic strategy development for New Zealand.
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