Banking Education at Massey University
Tripe, David, Journal of Banking and Financial Services
MASSEY UNIVERSITY'S BANKING EDUCATION PROGRAM HAS ITS ROOTS IN 1973, WHEN THE BANKERS' INSTITUTE OF NEW ZEALAND SPLIT FROM THE BANKERS' INSTITUTE OF AUSTRALASIA. ONCE THE BANKERS INSTITUTE OF NEW ZEALAND HAD DEVELOPED ITS OWN SYSTEM FOR STAFF TO BE ABLE TO PROGRESS TO THE ASSOCIATE QUALIFICATION, IT LOOKED TO SEE HOW THESE ASSOCIATES COULD OBTAIN FURTHER PROFESSIONAL DEVELOPMENT.
This led to a relationship with Massey University, with the introduction in 1978 of a postgraduate/post experience diploma in banking. This move was backed by the trading banks and the Reserve Bank of New Zealand, while a grant from the institute funded banking material for the library.
The first professor of banking was Trevor Bright, but, following his death in 1983, Rae Weston was appointed professor of banking and management. Although New Zealand born, Dr Weston had extensive experience as an academic in Australia, and she proved very effective in raising the centre's profile and broadening its range of academic programs.
These included the launch of a treasury stream to augment the banking stream for the diploma, and the introduction of block courses for banking and related papers. This allowed the program to be offered away from the university's base in Palmerston North.
Professor Weston returned to an academic position in Australia in October 1990. Subsequently, Stuart Locke (professor of property studies), Michael Crowley (from Monash University) and Rex Oliver (Massey University) filled the acting director role until the appointment of Chris Moore in 1994.
Dr Moore headed what by then had become the Centre for Banking Studies. His appointment was initially as professor of banking, although he has since moved on to become professor of finance and banking, with the centre's teaching programs absorbed into the finance, banking and property department. David Tripe is currently the head of the Centre for Banking Studies. …