$150B farm succession challenge looms for NZ agriculture
Within the next 10 years, New Zealand agriculture will need to manage its largest-ever intergenerational transfer of wealth, conservatively valued at $150 billion in farming assets.
Based in Sydney, Picton, will provide strategic macro-economic research and engagement – including interest rates and economic projections – for the specialist global agribusiness bank in New Zealand and Australia.
Rabobank New Zealand chief executive Todd Charteris says it was the first time Rabobank’s global economics & markets research team would have a representative based in the region, with the role specifically covering macroeconomics for New Zealand and Australia.
Charteris says Picton would “hit the ground running” having more than seven years of experience with Rabobank’s global financial markets team, where he held a number of positions in derivatives sales and trading, working with the bank’s wholesale agribusiness and farming clients.
His most recent role with Rabobank was director, corporate risk & treasury management.
