University of Canterbury vice-chancellor and former Reserve Bank deputy governor Rod Carr has been appointed chairman of the central bank by Finance Minister Bill English. Carr will replace Arthur Grimes, who spent 11 years as the Reserve Bank’s chair, from Sept. 18, the central bank said in a statement. Sue Sheldon has been reappointed deputy chair. Reserve Bank directors appointed …

Synlait Milk jumped 19 percent in its NZX debut after raising $75 million in an initial public offering that was restricted to clients of brokers and institutional investors. The shares first traded at $2.62 compared with the IPO price of $2.20. They were last at $2.75, valuing the company at $402 million. Synlait Milk will use the $75 million raised …

Wynyard Group, which raised $65 million as part of its NZX listing on Friday, has bought UK-based MHA Gateway’s anti-financial crime service for an undisclosed sum. The intelligence software developer bought the intellectual property, customer contracts and exclusive rights to the gateway service from MHA Compliance and Training, a 20-year-old, Surrey-based firm whose suite of tools are used in the …