• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Subscribe
  • Twitter
  • RSS Feed

Investment News NZ

Investment News provides financial advisers news stories from the financial industry in New Zealand. Subscribe to our free weekly newsletter.

  • Home
  • News
  • Kiwisaver
  • Subscribe
  • About
  • Advertise
  • Contact
You are here: Home / Investment News / Registry head departs TE; Public Trust replaces corporate trustee leader; FMA boards up

Registry head departs TE; Public Trust replaces corporate trustee leader; FMA boards up

September 8, 2019

Andrew Hughes: Public Trust head of corporate trustee services

Trustees Executors (TE) head of registry, Leah Pearless, has left the business after a more than 11-year career with the Wellington-based firm.

Pearless, who joined TE as registry operations manager in 2008, had been in her current role since June 2017. Previously, she spent three years at BNP Paribas in Wellington as service delivery manager.

It is understood TE has restructured several positions as it prepares to roll-out a blockchain-based registry system in NZ.

Meanwhile, rival investment back-office firm, the government-owned Public Trust, named a TE alumni Andrew Hughes as head of corporate trustee services to replace John Ross.

Ross spent almost three years in the Public Trust job after a long career in institutional banking, mostly at ANZ.

Hughes returns to NZ following a 15-year stint in Japan as Capital Services Group (CSG) chief operating officer. CSG manages “investment portfolios for some of the world’s largest financial organisations and trustees”, a Public Trust release says.

Before shifting to Japan Hughes was TE head of corporate services and, prior to that, chief financial officer for the Wellington-headquartered group.

In a statement, Glenys Talivai, appointed as Public Trust chief this January, said Hughes was a “perfect addition” to the corporate trust team.

“The industry places high expectations on corporate trustees. Overseeing and protecting the investments of New Zealanders is something we take very seriously,” Talivai said.

Like all investment supervisor and administration firms, Public Trust has had to shell out for technology upgrades in recent years, spending more than $26 million on the politically-contentious NavOne custody system.

Public Trust hired former JP Morgan NZ chief, Mark Lawrence, as head of custody in May. Lawrence, who was consulting to Public Trust after departing JP Morgan last year, said in May that his new permanent role “comes with a clear mandate to grow the business – something that is affirmed by the large investment into NavOne”.

The NavOne roll-out was completed in July at Public Trust, about six years after the project began.

In other appointments last week, the Financial Markets Authority (FMA) named Sue Chetwin and Michael Stiassny as its latest board recruits.

Chetwin is head of Consumer NZ while the high-profile corporate figure, Stiassny, holds a number of board roles including chair at Whai Rawa and Tower.

The pair join FMA chair, Mark Todd, and fellow directors: Ainsley McLaren of Harbour Asset Management; Chris Swasbrook, Elevation Capital founder; legal specialist, Elizabeth Longworth; economist Prasanna Gai; professional director, Vanessa Stoddart; and, Craigs Investment Partners adviser, William Stevens.

FMA directors are appointed for three-year terms.

 

Twitter0
LinkedIn0
Google+0
Facebook0

Read More » Investment News

Recent articles

  • New Salt suite to spice up fund mix January 17, 2021
  • Wealth head quits ASB for Tower job; Platinum loses Asia manager; Matterson moves from Milliman January 17, 2021
  • Westpac follows ANZ with Northern Trust mandate… January 17, 2021
  • … as Trust Management wins over another senior BT investment hand January 17, 2021
  • Capital ventures into BlackRock’s ETF territory January 17, 2021
  • Fresh CIO role as South Pacific aims for co-investments January 17, 2021
  • Lessons from 2020: don’t stop thinking about tomorrow January 17, 2021
  • SSGA to push big firms on ESG, stays mum on merger January 17, 2021
  • Low-carbon switch: why electric future turns on listed infrastructure investor January 17, 2021

Primary Sidebar

WEEKLY NEWSLETTER

Sign up here to receive our weekly newsletter.
Learn More »

Most Recent Investment News

New Salt suite to spice up fund mix

January 17, 2021

Wealth head quits ASB for Tower job; Platinum loses Asia manager; Matterson moves from Milliman

January 17, 2021

Westpac follows ANZ with Northern Trust mandate…

January 17, 2021

… as Trust Management wins over another senior BT investment hand

January 17, 2021

Capital ventures into BlackRock’s ETF territory

January 17, 2021

Search by Keyword

Investment News

  • New Salt suite to spice up fund mix January 17, 2021
  • Wealth head quits ASB for Tower job; Platinum loses Asia manager; Matterson moves from Milliman January 17, 2021
  • Westpac follows ANZ with Northern Trust mandate… January 17, 2021
  • … as Trust Management wins over another senior BT investment hand January 17, 2021
  • Capital ventures into BlackRock’s ETF territory January 17, 2021
  • Fresh CIO role as South Pacific aims for co-investments January 17, 2021
  • Lessons from 2020: don’t stop thinking about tomorrow January 17, 2021
  • SSGA to push big firms on ESG, stays mum on merger January 17, 2021
  • Low-carbon switch: why electric future turns on listed infrastructure investor January 17, 2021
  • Bitcoin: the nonsensical asset that makes sense for the times January 17, 2021

Investment News Archive

Most Popular Articles

  • Westpac NZ flags retail advice sale to Forsyth Barr posted on October 19, 2020
  • The horror year in technicolour: free KiwiSaver 13 report released posted on September 30, 2020
  • NZ share-trading splurge could trigger tax alarms… posted on October 5, 2020
  • Flint set to spark platform competition posted on August 17, 2020
  • Four to the core: Smartshares to expand, rearrange and reprice ETFs posted on June 22, 2020
  • Kitset KiwiSaver scheme set to unwrap in spring posted on April 27, 2020
  • Funds eye bargains, self-shoppers hoard cash, KiwiSavers turn conservative posted on March 15, 2020
  • AMP Capital NZ chief quits amid equities exodus offshore posted on August 28, 2020

Sponosored Content

David-Boyle

On the industry play-list: four chart-topping regulations for 2021

David-Boyle

Charge of the lite (advice) brigade

Nathan Field

Pandemic Baby Boom a Bust

Star-date 2020: it’s inflation Jim but not as we know it

Quick-links to Popular News

  • FAP Compliance
  • Coronavirus
  • New Appointments
  • Financial Markets Authority (FMA)
  • Kiwisaver
  • Climate Change
  • Crypto Currency
  • Blockchain
  • Insurance

Secondary Sidebar

Recent News

  • New Salt suite to spice up fund mix January 17, 2021
  • Wealth head quits ASB for Tower job; Platinum loses Asia manager; Matterson moves from Milliman January 17, 2021
  • Westpac follows ANZ with Northern Trust mandate… January 17, 2021
  • … as Trust Management wins over another senior BT investment hand January 17, 2021
  • Capital ventures into BlackRock’s ETF territory January 17, 2021
  • Fresh CIO role as South Pacific aims for co-investments January 17, 2021
  • Lessons from 2020: don’t stop thinking about tomorrow January 17, 2021
  • SSGA to push big firms on ESG, stays mum on merger January 17, 2021
  • Low-carbon switch: why electric future turns on listed infrastructure investor January 17, 2021
  • Bitcoin: the nonsensical asset that makes sense for the times January 17, 2021

Footer

Copyright ©2020 InvestmentNews.co.nz — All Rights Reserved ·— Terms & Conditions