Newspaper article News Mail Bundaberg Qld.

Financing the Future for PNG; Making Life Better for People Has Become a Mission for a Former Bundaberg Man

Newspaper article News Mail Bundaberg Qld.

Financing the Future for PNG; Making Life Better for People Has Become a Mission for a Former Bundaberg Man

Article excerpt

Byline: Murray Wenzel

BANKING and finance man extraordinaire Syd Yates took his future by the scruff of the neck from a young age and has not looked back.

The proud former Walkervale and Kepnock student put his Charles Sturt banking and finance degree on hold and went straight to the source, landing a job at CBC, now known as National Bank.

From there, Mr Yates climbed the ladder right to the top, with his efforts and community contributions recognised in 2007 with the reception of the Most Excellent Order of the British Empire, commonly referred to as an OBE.

To put this achievement into perspective, the OBE is just two levels below a knighthood, and was presented to Mr Yates by Prince Charles himself at Buckingham Palace, in recognition of his services to sport and business in his new home, Papua New Guinea (PNG).

"It's not every day you get to go to the palace," Mr Yates said.

"It was very special and I was quite humbled, but there were so many more people that deserve it than me.

"The Prince is a lovely man. He took the time to talk to me about issues that I am involved with."

These issues stretch far and wide, for the man devotes an amazing amount of time to the development of his adopted country on both the sporting field and in the financial sector.

Mr Yates is the managing director of financial giant Kina Securities, the company integral in getting PNG's stock exchange "rolling", as he puts it.

"There was basically nothing going on, so our company committed funds to the project," he said.

With its 10-year anniversary next year, and the exchange operating healthily with upwards of 20 companies trading stocks, Mr Yates could be forgiven for sitting back and admiring his achievements.

But after speaking with the man, it is obvious that taking a break is the last thing on his mind. …

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