Welcome to Capital Security Bank Limited (CSB)

We thank you for your interest in CSB. As the only fully-service private bank operating exclusively within the Cook Islands,
CSB provides a distinct level of service to clients seeking to augment their investment plan.

  • Brian Mason - Chairman

    Brian is Chairman of Capital Security Bank Limited and has been a Director since 2004. He is one of four directors on the Board of Directors. In addition to his role as Director, Brian is also a member of the Audit Committee.

    Brian has spent 11 years working in general practice in all fields of law including civil, commercial, equity, contract and constitutional. He has over 10 years’ specialist experience within the offshore trust and banking industry. 

    Brian is also Chairman of the Cook Islands Financial Services Development Authority, a director of the largest private business in the Cook Islands, a director of a private boutique resort in Rarotonga and currently operates his own law practice. 

    Brian’s career started in Wellington working for the New Zealand Ministry of Internal Affairs. Following a period overseas to work as a teacher in Zimbabwe, Brian returned to Wellington and was appointed CEO of the Local Government Commission before becoming the private secretary for the Minister of Local Government. Brian then studied law at Victoria University in Wellington and began his legal career in 1990 in the private sector in New Zealand as a solicitor practicing in Ohakune. 

    In 1993 Brian moved to the Cook Islands initially working as a solicitor for the largest law firm at the time before being appointed the Assistant Chief of Staff for the Office of the Prime Minister of the Cook Islands. 

    Brian was then appointed the to Cook Islands Investment Corporation, a governmental organisation managing the physical assets of the Cook Islands Government, completing his employment as CEO.  In 2000 Brian joined Southpac Trust, ultising his legal skills in the specialist field of equity and in particular the law as it relates to trusts. 

    • Bachelor of Laws and Masters of Arts (Hons) – Victoria University/Auckland University 

    • Solicitor of High Court of New Zealand (1990) 

    • Solicitor of High Court Cook Islands (1992) 

    • Member Cook Islands Law Society 

  • David Steens - Managing Director

    David is the Managing Director of Capital Security Bank responsible for managing stakeholder relationships and the overall operations of the bank. 

    David has over 25 years’ experience in the financial services sector and has a wealth of knowledge in the area of receiverships and liquidations, asset protection and management.  He has had extensive experience both domestically and internationally.

    David is also a Director of Southpac Trust, a Private Trustee Company with offices in New Zealand, Nevis & the Cook Islands.

    David began his career in Auckland with for KPMG in a variety of accounting and management consultancy assignments over a five year period gaining extensive experience in a broad range of businesses. In 1994 Enerco New Zealand recruited him as Group Accountant to oversee the annual accounting, audit and regulatory reporting processes for this publicly listed company. He also played a key role in a significant acquisition and subsequent merger. David was recruited into the FMCG sector and worked as Financial Controller for New Zealand Dairy Foods, a Fonterra subsidiary, responsible for the balance sheet of this $400 million company and system/process implementation projects. 

    David first joined Capital Security Bank in 1998 as the Finance Manager and over six years managed the logistics in growing the bank through a nearly 20-fold revenue increase. In November 2004 David was appointed Director of Connors Windows and grew the business to become the number one fabricator by volume in New Zealand for that brand. Following the sale of that business in 2011, David was appointed Finance Director for a fiduciary services company based in the Philippines & Hong Kong and managed the internal and client accounting functions and managed the eventual divestment of that business.

    David returned to Capital Security Bank in 2012 as Managing Director. In his role David is responsible for the development and implementation of long term strategy plans. Under David’s leadership CSB has seen 400% growth in assets. 

     

    • Chartered Accountant – New Zealand 

    • Bachelor of Commerce – Auckland University 

    • Member New Zealand Institute of Directors 

    • Member Society of Trust and Estate Practioners 

     

  • Andrew Yiangou - Director

    Andrew is a Director of Capital Security Bank, appointed in 2016. 

    Andrew is one of four directors on the board at Capital Security Bank. It is the role of the Directors to ensure company goals are clearly established with strategies in place for achieving them. As a Director, Andrew is also responsible for establishing policies, overseeing corporate governance and the overall development of the business. 

    In 2016 Andrew founded his own management consulting business and works with both domestic and international financial institutions with regards to international cash management and payments. 

    Andrew is an advocate of great culture and team behaviours believing that the people you work with and for have a huge influence on your enjoyment, motivation and overall behaviours. 

    Andrew’s career started in Sydney for the Commonwealth Bank of Australia, where he was for 32 years, progressing through various managerial and supervisory roles to executive and senior management positions including Sales & Network Management, Product Management and Project and Business Management. 

    In 2005 Andrew joined National Australia Bank as Managing Director Global Transactional Banking Solutions – Global Institutional Banking, a role that saw him lead the end-to-end global clearing business across major functions including product and sales, account management, product development, global cash management and strategy. This division processed average daily transactions values of AUD 120 million. During Andrew’s ten-year tenure with National Australia Bank direct revenue, for the areas of Andrew’s leadership, grew more than 500%. Further this division of National Australia Bank was awarded Asiamoney’s ‘Best AUD Clearer for FI’s’ for an unprecedented nine years running and rated number one across several categories by FImextrix on numerous occasions.  

     

  • Kevin Carr- Director

    Kevin is a Director of Capital Security Bank, appointed in 2010. 

    Kevin has had a number of consulting contracts, is currently on the Board of Wellington After-care Association and has an active involvement with the Karori Food Bank.  In addition to his role as a Director of Capital Security Bank, Kevin is a member of the Audit Committee.

    Kevin through the late 1960’s and early 1970’s was an early adopter of computer systems and undertook a number of Programming System Analyst and Project Implementation roles for a number of large corporate and governmental agencies. 

    His analytical mind then led Kevin into company secretarial, finance and legal management roles which saw him plan group corporate structures, international borrowing, internal audit divisions and acquisitions. 

    In 1992 following a four-year period as General Manager Finance, for the New Zealand Housing Corporation, Kevin was then appointed CEO with a brief to restructure the organisation. In addition to continuing to oversee day to day operations, key achievements in this restructure during Kevin’s four-year tenure in the role were;

    • The closing down of 14 branch offices including managing the reduction of some 1,500 staff,

    • Disposal of surplus assets including $140 million land, $30 million buildings and leased and rental liabilities of some $45 million,

    • Improved the value of the portfolio by improving documentation and achieving substantial reductions in arrears ,

    • Reduction of the mortgage portfolio from in excess of $3.5 billion to $300 million including the sale of over $2.2 billion of mortgages.

    In 1998 Kevin accepted the role of Financial Secretary to the Government of the Cook Islands. As principle financial and economic advisor, Kevin’s experience and oversight over eight years saw net debt reduce from 109% of GDP to 8% and the country rating by Standard and Poors improve from B- to BB- with a “positive outlook”.

    • Chartered Accountant – New Zealand 

    • Fellow Institute of Management New Zealand - FNZIM

    • Member New Zealand Institute of Directors

     

  • John Evans- General Manager

    John is General Manager of Capital Security Bank responsible for day to day operations of the Bank. 

    John has specialised knowledge of the banking and finance industries having spent over 10 years within these sectors both domestically and internationally.

    John’s career started in Christchurch working for ASB Bank as a Customer Service Officer developing his banking knowledge from the ground up for a three-year term. John broadened his finance background and experience through a Finance Broker role with Credit Express where he was responsible for debt consolidation, personal loans and vehicle financing. 

    In 2008 John moved to the Cook Islands and joined the team at Westpac as a Branch Manager, a role he held for four years. During his time at Westpac, John was responsible for income and expense management, project management and managing 32 staff across two branches. He was also a member of the Westpac Cook Islands Leadership Team. 

    John joined Capital Security Bank in 2012 as Operations Manager and progressed to his current role of General Manager. He is responsible for the day to day operations of the bank including new client on-boarding, compliance and risk management, information technology and marketing. 

    John is also a Director of the Cook Islands Financial Services Development Authority, appointed in 2013. 

    • Member Cook Islands Bankers Association

  • Coral Erkkila – Compliance Officer

    Coral is the Compliance Officer at Capital Security Bank. She is responsible for ensuring that CSB complies with the legal, regulatory and industry requirements for international banking. Coral also promulgates the policies for CSB’s internal compliance program and audits adherence to these policies.

    Coral has a direct reporting responsibility to the Audit Committee, a committee of independent Directors of the Board.

    Coral’s career in the Financial Services Industry started with State Insurance in Auckland, one of the largest general insurers in New Zealand.

    In 2002 Coral continued her development and progression in the financial services industry with roles at AMP Financial Services, New Zealand Public Trust and then New Zealand Guardian Trust. These roles saw Coral writing wills and enduring powers of attorney, managing trusts & estates and looking after her client’s investment portfolio. During this time Coral trained for and gained a Practising Certificate in Financial Planning and became an Authorised Financial Adviser (AFA) in New Zealand.

    Coral moved to the Cook Islands in 2015 to take up role as a Senior Trust Officer with Portcullis TrustNet before joining CSB in 2016. 

    • Bachelor of Arts –  Auckland University (Majoring in Spanish)

  • Atinata Hosking - Banking Supervisor

    Atinata is Banking Supervisor of Capital Security Bank and leads a team of Banking Officers in managing all client transactional, new account and online banking requests. 

    Atinata is a Cook Islander who was raised and educated in New Zealand and moved to the Cook Islands in 2003 being employed by Southpac Trust who provide trustee administration and incorporation services.  

    During her time at Southpac Trust Atinata worked in a number of administrative and customer service roles, including the establishment of Cook Islands entities such as Trusts and IBC’s this has given Atinata a firm understanding of international structures and the professional administration of these. 

    In 2008 Atinata joined Capital Security Bank as a Banking Officer and was responsible for client interactions, as well as the processing of their day to day transactions.

    During this time Atinata has developed an in-depth knowledge of transactional banking particularly cross boarder payments, SWIFT processing, transactional monitoring and AML standards at an international level.