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EXECUTIVE MANAGEMENT
Following is a brief introduction of Rural Bank's executive management.
Paul Hutchinson Chief Executive Officer
Mr Hutchinson joined Rural Bank as Chief Executive in October 2006. Before joining Rural Bank he was Chief Operating Officer, Customer Solutions with New Zealand Post Limited responsible for the sales and distribution capabilities of the group. Mr Hutchinson brings strong and diverse management and financial services credentials acquired through nearly 20 years experience in the Australian and New Zealand banking industry, including senior appointments with Westpac Banking Corporation, National Australia Bank and Bank of New Zealand. Mr Hutchinson is a member of the Rural Bank board in addition to being a member of the Bank’s Risk, Audit and Credit Committees. Mr Hutchinson has attended the New Zealand Bankers Institute (in association with Victoria University, Wellington) Bankers Course and is a graduate of Harvard Business School Executive Management programme.
Steven Laidlaw Chief Financial Officer
Mr Laidlaw joined Rural Bank as Chief Financial Officer and Company Secretary in May 2006. Before joining Rural Bank he was the General Manager, Finance at Skycity Entertainment Group. Previous positions also include General Manager, Finance at a major diversified, agriculturally focused corporation and he was also in a senior finance role at Elders Limited in the mid-90s. Mr Laidlaw's experience includes working in the areas of grain trading, rural finance, strategic due diligence, capital allocation, investment valuation, cash flow management and statutory reporting. He has degrees in economics and commerce and has completed the Advanced Management Program at Harvard Business School. Mr Laidlaw is a member of the Institute of Chartered Accountants in Australia and the Australian Institute of Company Directors.
Peter Corolis General Manager, Operations
Peter Corolis joined Rural Bank as General Manager, Risk in August 2005. He has significant experience in regulation, compliance and risk management. In his most recent role he was the State Manager for the South Australian Office of the Australian Prudential Regulation Authority. Peter has a Bachelor of Commerce Degree and a Graduate Diploma in Applied Finance and Investments. He is an Associate member of the Securities Institute of Australia.
Taso Corolis General Manager, Risk Management
Taso joined Rural Bank in May 2008. Taso has extensive experience in the financial services industry having spent ten years with the Australian Prudential Regulation Authority (APRA) in various senior roles, where he gained significant experience in risk management, strategy, governance and compliance. Taso also worked in APRA's Basel II team with responsibility for policy development, industry liaison and quantitative analysis. In 2004, Taso was engaged as a technical expert by the International Monetary Fund (IMF) to provide assistance on an economic mission in Mexico City.
Taso holds a Bachelor of Commerce, a Bachelor of Economics and a Graduate Diploma in Investments and Finance. He is also a member of FINSIA.
Simon Dundon General Manager, Sales and Distribution
Simon joined the bank in 2009 as General Manager, Sales and Distribution after holding senior finance management roles with Elders Rural Services Australia Limited for 9 years. He grew up on the family farm in
