Suncorp New Zealand has appointed Andrew MacFarlane to the role of CFO, effective August 2.

Mr MacFarlane has spent 25 years in finance roles at ANZ, most recently as CFO Group Functions for ANZ New Zealand. He formerly held senior positions in the bank’s institutional division, retail bank and tax department, and performed product management and strategy roles.

“His experience of the financial services markets in New Zealand and Australia, coupled with his leadership within high-performing businesses, will be invaluable for Suncorp New Zealand as it continues to transform its business,” Suncorp NZ CEO Jimmy Higgins said.

Mr MacFarlane will monitor financial, actuarial, investment, capital and reinsurance aspects of the business, including brands Vero and Asteron Life, and will support partnerships with the New Zealand Automobile Association, AA Insurance and AA Money.