Rabobank New Zealand will progressively move its corporate head office to Hamilton, in a move that will see the specialist rural lender relocate to one of New Zealand’s largest and growing agri-business regions.
Plans are underway to develop a new, purpose-built agri ‘centre of excellence’ in
Hamilton’s CBD as the new base for the bank’s corporate head office roles, to be colocated with staff from Rabobank’s current Hamilton office.
Rabobank NZ CEO Todd Charteris says the move, from the bank’s current head office location in Wellington, is an opportunity for the business to support its growth strategy into the future as New Zealand’s only specialist food and agribusiness bank.
“With our strong network of food and agribusiness connections, several of our regional offices located nearby and the close proximity of other food-producing regions, we believe moving to the Waikato will set us up for a future of growth alongside our clients,” he said.
“Basing our corporate head office closer to food and fibre production in the centre of a major agricultural region is part of our commitment to the rural sector. Our corporate team wants to embrace the food and farming mindset, so we can really understand the opportunities and challenges farmers face and further develop our offering to meet their future needs.”
Rabobank will progressively relocate the corporate head office roles to Hamilton between early 2021 and January 2022, when it is expected around 80 roles will be based in Hamilton.
The bank will also retain significant operations in Wellington for the foreseeable future through its IT and Operations teams, totalling some 70 people. All up, the bank currently employs more than 350 people across its network of 32 offices throughout New Zealand.
A staff consultation process was completed before Rabobank New Zealand’s board confirmed the relocation decision.
“We will make this move over the next two years, with the least impact possible on our people and clients and look forward to further introducing ourselves to the communities of Hamilton and the wider Waikato,” Mr Charteris said.