Lifetime Retirement Income has hired former Trustees Executors (TE) head of fund administration, Geoff Cheesewright, as chief operating officer.
Ralph Stewart, Lifetime founder, said the COO role was established following a growth spurt at the group that now manages about $1.3 billion via several product lines.
Cheesewright was a long-time TE senior manager, making the transition to the Apex Group last year after it bought the unit-pricing and fund accounting divisions of the Wellington-headquartered trustee.
The deal was finalised last September after Apex first announced the purchase in July.
Stewart said Lifetime now employs almost two dozen people across a business that encompasses a retiree-focused investment vehicle, a couple of legacy superannuation funds (courtesy of AMP), a workplace superannuation scheme and a UK pension transfer provider.
Elsewhere, Harbour Asset Management co-chief and founder, Andrew Bascand, has landed a director seat on the investment arm of the Christchurch City Council.
Bascand joins the Christchurch City Holdings (CCH) board next month in a governance role that helps oversee some $6 billion of infrastructure assets housed in six separate companies.
The CCH portfolio includes the city’s port, airport and lines company.
Bryan Pearson was named CCH chair last May while all other current directors – Gill Cox, Bridget Giesen and councillor Sam MacDonald – came aboard in 2023.
Another longer-term board member, Sara Templeton, resigned last week after a five year stint: CCH is seeking a replacement.
The Wellington-based Bascand was originally from Canterbury.
He said the CCH position offered a great opportunity to help sustainably develop the infrastructure of Christchurch in a city that has rebounded considerably since the devastating 2011 earthquake.
Meanwhile, former Morningstar Australasia director manager ratings research, Aman Ramrakha, has emerged as chief investment officer of the recently formed financial advisory giant, Entireti.
Housing the remnants of multiple AMP advice brands as well as iconic boutique networks, Fortnum Private Wealth and Personal Financial Services, Entireti is the largest Australian dealer group, representing about 1,300 advisers.
Ramrakha left Morningstar in October 2023 when his role was ‘disestablished’ amid a leadership shake-up at the research house before taking up a similar position at Rainmaker Information.
AMP retains a 30 per cent stake in the conglomerate. The former AMP advice marques – including Hillross and Charter – are slated for a rebrand under a single banner this March.