Former NZ PM becomes banker

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Work for Merrill Lynch. Become PM. Do nothing about house prices. Ramp immigration. Sell your mansion to a Chinese investor. Then join the bank:

ANZ has appointed former New Zealand Prime Minister John Key as chairman of ANZ New Zealand.

He will succeed John Judge as chairman as he retires from the board of directors in January, the bank said in a statement to the Australian Securities Exchange.

Key, 56, will become chairman in January; he was also appointed to the board of ANZ New Zealand effective on Wednesday, the statement said.

The path to success in the politico-housing complex.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.