NZDMO's Combes gets top job at LGFA

Philip Combes, treasurer at the New Zealand Debt Management Office (NZDMO) in Wellington, has been appointed the first chief executive officer of New Zealand's Local Government Funding Agency (LGFA). In a statement announcing his appointment, Combes – who will take up his new role early in 2012 – says he expects the LGFA "to be the second largest issuer in New Zealand's debt markets".