Trustees Executors (TE) has dipped into the Financial Markets Authority (FMA) talent pool again to fill a senior executive role.
Cameron Stewart comes to TE as head of HR on April 4 after spending almost four years as business partner people and capability at the regulator.
Former FMA head of disclosure, Robert Sloan, joined TE as chief risk officer in 2019.
In a statement, TE chief, Ryan Bessemer, said Stewart had “deep operational and strategic HR experience gained from working in diverse business environments in New Zealand, Australia and the UK”.
“With his focus on organisational culture and staff engagement, leadership and performance development, employment relations and organisational change, Cam will be a valuable addition to the Group Leadership Team at Trustees Executors,” Bessemer said.
Prior to the FMA, Stewart worked in several HR roles at accountancy firm PwC in Wellington for over four years after holding various recruitment and consultancy jobs in Australia and the UK.
Bessemer said TE is currently recruiting for over a dozen roles in the organisation in a tight employment market.
Meanwhile, institutional investment fund governance heavyweight, Gavin Walker, will step up as chair of the almost $17 billion Milford Asset Management in July to replace long-time incumbent, Mark Cross.
Cross retires the Milford board at the end of June, ending a nine-year stint with the high-end boutique fund manager.
Among a string of senior executive and governance positions in the financial services sector, Walker was formerly chair of ASB Bank and the NZ Superannuation Fund.
In a statement, Cross said: “Gavin joined the Milford Board in November 2021 as part of its longer-term succession planning which also included the appointment of Carolyn Colley in October 2021.”
Last week Milford also named Andre Makarevich as new business development manager on its intermediary support team.
In addition to building a large in-house advice team, the manager has dedicated more resources to the external financial advisory market in recent years. For instance, Milford now allows advisers to charge an advice fee on its KiwiSaver and other funds.
Milford head of intermediary distribution, Michael Robson, said in a release that Makarevich – previously a BDM for Schroders UK – would help “support the growing number of Financial Advisers using Milford’s Investment Funds and KiwiSaver Plan”.
“Milford’s Intermediary channel has seen record new business with $400m net new business over the past 12 months,” Robson said.
He said the manager had also signed up over 100 financial advice providers as distributors of the Milford KiwiSaver scheme – now holding about $5 billion.