BNZ Private Bank wins global recognition for fifth time

For the fifth consecutive year BNZ Private Bank has again been globally recognised as the ‘Best Private Bank in New Zealand’.

Donna Nicolof, head of wealth and private bank at BNZ, said winning this international accolade at The Banker/PWM Global Private Banking Awards 2017 was hugely rewarding and proof of the team’s continued commitment to putting clients first.

“It’s a challenge to step up our performance every year and be recognised not only in a competitive industry, but on the global stage. Our continued success demonstrates our commitment to innovation and thinking differently about developing solutions relevant to our client’s needs,” she says.

The judges highlighted BNZ Wealth and Private Bank’s double-digit year-on-year revenue growth and increase in funds under management as well as the team’s continued focus on client outcomes.

“In 2017 we’ve delivered significant changes in our business focused on further diversification to protect our clients’ portfolios. We also implemented a responsible investment policy framework aligned to our investment philosophy,” Donna said.

“Our clients have enjoyed strong, consistent returns which have outperformed their benchmarks. This is particularly pleasing in the current low interest rate environment.

“I’m really proud of our team’s focus and commitment to continuing to raise the bar on what we do. I’m truly humbled by these back-to-back wins and privileged to lead this business,” Donna said.

Bank of New Zealand Private Bank delivers a highly personalised advisory service for individuals, family trusts and institutions looking for investment advice, finance, risk protection and everyday banking services.

The Banker/PWM global awards place intense scrutiny on entrants, who are judged by a panel of industry experts from all corners of the world including Europe, Asia, North America and the Middle East.

Apple Pay Available to BNZ Customers Offering an Easy, Secure & Private Way to Pay

Bank of New Zealand (BNZ) today brings its customers Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient.

Apple Pay is now available to all BNZ customers with an eligible Apple device and eligible BNZ Visa card, and can be used where ever contactless payments are currently accepted.

Security and privacy is at the core of Apple Pay. When you use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorised with a one-time unique dynamic security code.

“We know our customers want an exceptional experience that will allow them to pay quickly, easily and securely on a range of devices here, online and overseas. We’ve been listening as they have been asking for Apple Pay and it’s hugely exciting to be able to say it’s here”, says David Bullock, Director of Products and Technology at BNZ.

“The introduction of Apple Pay is the latest offering from what is continuous digital development based on our customer feedback. Our key focus is to ensure our customers lives dictate the way they bank, not the other way round. We don’t want banking to feel restrictive or time consuming and the introduction of Apple Pay ensures we are one step closer to making this a reality.”

Marty Kerr, Visa New Zealand Country Manager says “Visa is excited to be supporting another example of innovation in the payments space with BNZ, where they will be utilising the Visa Token Service”.

Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by credit and debit cards. In stores, Apple Pay works with iPhone SE, iPhone 6 and later, and Apple Watch.

Online shopping in apps and on websites accepting Apple Pay is as simple as the touch of a finger with Touch ID, so there’s no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information.

When paying for goods and services on the go in apps or Safari, Apple Pay works with iPhone 6 and later, iPhone SE, iPad Pro, iPad Air 2, and iPad mini 3 and later. You can also use Apple Pay in Safari on any Mac introduced in or after 2012 running macOS Sierra and confirm the payment with iPhone 6 or later or Apple Watch, or with Touch ID on the new MacBook Pro.

For more information on Apple Pay, visit: http://www.apple.com/nz/apple-pay/

Building ‘guanxi’ for your business

Photo: Alpha Group General Manager Maggie Chen and BNZ Commercial Partner Franky Wang exchange mooncakes.

Jamie Rihia, BNZ’s Head of Growth Segments, explains the importance of the Mid-Autumn Festival in Chinese culture and how kiwi businesses can start to build valuable relationships in the Chinese market.

This year, the Chinese Mid-Autumn Festival (or Mooncake Festival) takes place on October 4th, marking the time of year when the moon is at its fullest and brightest. It is the second most important festival to Chinese people after Chinese New Year, and is traditionally a time for honouring deities, ancestors and uniting families. Continue reading “Building ‘guanxi’ for your business”