Archive | On the move

On the move, February 2018

Dobbie takes over from Alexander as Barfoots chief executive
Finlay heads provincial fund panel, 2 others on it named
CBRE’s Johnson takes senior role at Bayleys
Malpass confirmed as Steel & Tube chief executive
Liz Ward replaces Karl Smith at Gough Group
Whineray interim head at Super Fund
Tindal quits troubled CBL without really starting
Opteon adds third NZ valuation business
Hargreaves quits as JLL managing director
Andrew Brown to head Tainui property
Church moves to Chow Group
Kean takes over Dilworth portfolio management
Wilton takes on new role to advance Forest Enterprises succession plan

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

25 February 2018:

Dobbie takes over from Alexander as Barfoots chief executive 

Chris Dobbie.

Barfoot & Thompson has appointed Chris Dobbie as its chief executive, starting last Monday. He’s replaced Wendy Alexander, who was a senior executive at Barfoots for 20 of her 30 years in the property industry.

Mr Dobbie joined the company 24 years ago and has been chief financial officer since 2001.

Managing director Peter Thompson said: “Chris brings a great depth & breadth of knowledge to this role, honed over many years managing the financial side of our business. He has complemented this with a clear enthusiasm for leadership & management & continued professional development in those areas.

“We are excited to have someone with such a passion for the business & its future direction at the helm as we head towards the company’s centenary.”

Mr Dobbie said he looked forward to bringing a fresh focus to all sectors of the business: “There is no rest for the market leaders. We will be challenging traditional real estate with innovation, while building on our strengths to further entrench our position for the long term.”

Priya Shankar, the company’s accountant for 10 years, will move into the role of financial controller.

Finlay heads provincial fund panel, 2 others on it named

Rodger Finlay.

The Government has appointed Rodger Finlay to chair its new Provincial Growth Fund’s independent advisory panel.

Mr Finlay said: “Historically, New Zealand’s economic strength, resilience & innovation have come from our provinces and I look forward to advising on the reinvigorating effects that investment will bring to these communities.

“Throughout my career, and on both sides of the fence, I have been involved in evaluating, promoting, implementing & financing capital projects. Hopefully this experience will be of value to our mahi here.”

Mr Finlay is a fellow of Chartered Accountants Australia & NZ and a chartered fellow of the Institute of Directors. For most of his executive career he’s worked for global investment banks CS First Boston & Banque Paribas, focusing on funds management & investment banking.

For the last 10 years, he’s been solely engaged in governance. He was a director of NZ Oil & Gas Ltd for 5 years, the last 2 chairing it up to the takeover (a 68% controlling interest) by OG Oil & Gas Ltd of Singapore, completed in December.

Dr David Wilson.

Mr Finlay is a governor of Radio NZ, deputy chairman of Rural Equities Ltd, chair of privately owned UK investment advisor Mundane Asset Management Ltd and a director of NZ Thoroughbred Racing Inc.

Regional Economic Development Minister Shane Jones named Mr Finlay when he announced the first recipients of growth fund money in Gisborne on Friday. The advisory panel is to have 6-8 members, but I haven’t seen a full list of them. The 3 I’ve seen named so far are:

  • Mr Finlay, of Akaroa
  • David Wilson, Northland Inc chief executive, who has a PhD in regional development and was NZ First’s candidate for Te Atatu and 14th on its party list at the 2017 election, and
  • John Rae.

    John Rae, a member of the National Infrastructure Advisory Board since it was formed in 2009 and its chair since August 2016, chair of infrastructure investment group Eastland Ltd since 2011, chair of Activate Tairawhiti Ltd since its formation in 2014 by the Gisborne District Council & Eastland Community Trust, a director of Kaikohe-based Ngapuhi Asset Holding Co Ltd since 2014, chair of Smart Environmental Ltd since late 2010, managing director of Stevenson Group Ltd for 9 years until 2010, a director of Cavalier Corp since 2015, director of Te Kuiti-based The Lines Co Ltd since 2014, director & shareholder of Auckland catering business Gobble Ltd since 2011, chair of Infrastructure NZ for 7 years & board member for 12 until 2016, a director of Taku Honey Ltd for 2 years before its 51% selldown to a US ethical investor, an executive at NZI Securities Ltd for 9 years until 1991, and at NZI Bank Ltd for 4 of those years. Mr Rae graduated from Auckland University in 1982 with BCom & LlB degrees.

23 February 2018:

CBRE’s Johnson takes senior role at Bayleys

Ryan Johnson.

Bayleys Real Estate has appointed Ryan Johnson as its new commercial & industrial sector national director, replacing John Church, who was appointed chief operating officer of Chow Group Ltd in January.

Mr Johnson has spent the last 14 years as a senior executive at CBRE, where he initially spearheaded the agency’s Wellington business. More recently, he was CBRE’s managing director in North Sydney.

He’s specialised in cbd office sales, completing over $2 billion in sales with institutional & private clients.

Malpass confirmed as Steel & Tube chief executive

Steel & Tube Ltd has confirmed the appointment of Mark Malpass as chief executive officer, effective immediately.

Mark Malpass.

Mr Malpass stepped down from the board to take over from Dave Taylor as interim chief executive last September.

Mr Malpass has had executive experience both in New Zealand & overseas. He worked with ExxonMobil Corp for 19 years and was chief executive of Fletcher Building Ltd’s largest division, infrastructure products, which included transforming its steel distribution businesses.

Since late 2014, he’s taken on advisory roles with companies in the construction materials sector such as Fulton Hogan Ltd.

Steel & Tube chair Susan Paterson said yesterday: “We are delighted that, following a robust external appointment process, Mark has accepted the role of chief executive on a permanent basis. The last 5 months has seen the commencement of a significant change programme and the reorganisation of the group as Mark & his team have put in place the foundations to enhance the performance of Steel & Tube.

“The board engaged PWC to benchmark chief executive remuneration and make recommendations on our long-term incentive scheme. We have made significant changes in both areas and believe our new remuneration frameworks are best practice and more closely aligned with shareholder value creation.”

20 February 2018:

Liz Ward replaces Karl Smith at Gough Group

Liz Ward.

Christchurch-based heavy equipment supplier Gough Group Ltd has appointed Liz Ward as its chief executive, taking over from Karl Smith on 12 March. She’ll be based initially in the Christchurch head office, before moving to Auckland later this year.

Gough Group chair Keith Taylor said today: “Liz brings a track record of leading & implementing transformational business change across a wide range of industries. Her customer-driven, results-focused approach, coupled with an inclusive leadership style, will help build upon a strong organisational culture that delivers results.

“Her significant executive & governance experience, together with her record of transformation & engagement, position her well to drive Gough Group’s strategic aims of creating exceptional customer experiences & inspiring our people.”

Executive director Ben Gough said Ms Ward’s appointment was a clear statement of direction for the group: “The Gough Group must continue to lead our markets in the products & services we provide and do so across a range of platforms. Liz comes to us with a powerful record of innovation that will enable developments we believe our customers want to see.”

Ms Ward has held roles as chief executive of Kennards Hire based in Sydney, director of the New South Wales Telco Authority, customer services executive director for Sydney Trains, chief executive of CentrePort Ltd, and executive positions at Telstra, Spark & EDS. She’s an independent director of Aotearoa Fisheries Ltd.

She has an MBA in innovation & international business from Massey University and attended the Stanford University Graduate School of Business executive programme for growing companies.

Karl Smith.

Mr Smith has been chief executive since July 2008, and was also based in Auckland for the last year. Before joining Gough Group he was chief executive at Crane Distribution NZ Ltd & Invensys Energy Systems (NZ) Ltd and held senior executive roles at PDL Holdings Ltd (as chief operating officer), Progressive Enterprises Ltd (as chief financial officer) and Citibank NA in New Zealand (as vice-president & chief financial officer).

He’s also been an independent director for 16 years, including 10 years for the Crusaders Partnership Ltd rugby franchise. He was a director of Lyttelton Port Co Ltd for 5 years, resigning on 30 September 2016 and joining the board of Ports of Auckland Ltd the next day.

16 February 2018:

Whineray interim head at Super Fund

Matt Whineray.

The board of the Guardians of NZ Superannuation, the manager of the NZ Super Fund, has appointed chief investment officer Matt Whineray as acting chief executive when current chief executive Adrian Orr leaves to take up his new role as governor of the Reserve Bank in March.

Chair Catherine Savage said the fund had a strong & experienced leadership team which would manage the transition and continue the fund’s momentum.

The board issued a request for proposals in January for an executive search firm to run the chief executive recruitment process. Submissions for the search role are still being reviewed. A global search will follow and the board expects the chief executive appointment process to take months.
Mr Whineray will be acting chief executive from mid-March. The general manager of portfolio completion, Mark Fennell, will become acting chief investment officer for the duration of the recruitment process.

Tindal quits troubled CBL without really starting

Sue Tindal.

Insurance & reinsurance company CBL Corp Ltd’s new chief operating officer, Suzanne Tindal, has left the business a fortnight after her start date.

CBL is listed on the NZX & ASX, but trading in its shares was halted on 2 February and it’s been suspended since 8 February following an update indicating it would make a $75-85 million after-tax loss for the year. The company has since had its credit rating downgraded by AM Best, and a review by the Reserve Bank of its reserving for its French construction business. On Wednesday, CBL said it had decided to quit the French business because “the level of estimations & the potential for adjustment presents a disproportionate level of a risk for the wider business of the group”.

CBL announced Ms Tindal’s appointment last November, saying she’d start work on 1 February. Yesterday, the company said: “Due to events taking place that are already known to the market, Suzanne & CBL have agreed to end their employment relationship.”

Ms Tindal left Auckland Council in December after 3 years as group chief financial officer. She also took on a non-executive board role at Mainfreight Ltd at the start of 2017.

After 5 years in corporate lending at the Bank of NZ and 6 years at ASB Bank, where she was commercial regional manager & head of electronic banking, Ms Tindal was a senior executive at a number of other New Zealand entities before moving to Sydney in 2002 as head of sales, service & underwriting for PMI Insurance Co.

She followed that appointment with more senior banking roles at Westpac Institutional Bank, Commonwealth Bank of Australia & BankWest, but returned to New Zealand in 2014 to join PricewaterhouseCoopers as director of consulting.

Opteon adds third NZ valuation business

Australian property valuation & advisory services company Opteon Group Holdings Ltd has expanded its New Zealand business into Queenstown.

Country director Derek Smith said Queenstown was strategically important both to the national economy & Opteon’s growth plans: “Queenstown is one of the country’s hottest property markets. Its strong tourism industry, economic growth & infrastructure development make it an attractive property market and strategic location for us, one we feel has been underserviced by valuation firms to date.”

David Tristram.

Queenstown associate director David Tristram said: “Queenstown’s residential market reached a peak median value of almost $1 million before finishing the year with a 13% increase in median value year-on-year.”

Mr Tristram has relocated from Opteon Perth to head the Queenstown office. He has 10 years’ experience in property & valuation, specialising in commercial & residential.

Opteon’s other New Zealand businesses are in Auckland & Tauranaga. It bought Tauranga-based Landmass Technology Ltd in 2015, changing its name to Opteon Technologies Ltd last year, and completed its acquisition of Auckland-based Sheldon & Partners Ltd last September, after buying into the business in June.

11 February 2018:

Hargreaves quits as JLL managing director

Nick Hargreaves.

JLL NZ managing director Nick Hargreaves announced on Friday he would leave the property consultancy next month after 7 years in the top role.

He said: “I have been pondering the move for a while and, after discussions with my family and knowing the New Zealand team is strong, I thought the time was right to pass the baton. New ideas & a fresh perspective will be great for the business that has acquired so much support from our client base over recent years. In the short term, I am looking forward to spending more time with my family, travelling & getting some fitness back.”

Mr Hargreaves took over in March 2011 as the single chief from a team of 6 from various parts of the real estate consultancy who’d been running the office since Stephen Saul departed in 2009. Mr Hargreaves joined Jones Lang LaSalle in 1987 as a valuer in London and has held senior executive positions in the New Zealand office since 1989, including head of plant & machinery valuation for 6 years, head of ANZ outsourced property solution for 6 years and national director of agency for 7 years.

JLL Australia chief executive Stephen Conry said the company would make an announcement about a new managing director soon.

Andrew Brown to head Tainui property 

Andrew Brown.

Tainui Group Holdings Ltd has promoted Andrew Brown as head of property. Chief executive Chris Joblin said the appointment reflected the key role played by commercial & residential property development in the company’s business investments to grow the long-term prosperity of Waikato-Tainui.

“Andrew has been with the TGH property team since mid-2015 and has built an excellent knowledge of our business, a keen understanding of our property portfolio and strong relationships in the sector,” Mr Joblin said.

Mr Brown has over 27 years of professional property experience in New Zealand, and has also worked in the UK, the US & South-east Asia. Having initially qualified as a valuer, he has also worked in commercial investment sales, leasing and as a consultant. He’s a fellow of the Property Institute and the Royal Institution of Chartered Surveyors and a member of the Institute of Directors.

Mr Brown will report to operations general manager Rob Batters. The company’s current property projects include developing Ruakura, Te Arikinui Pullman hotel (a joint venture with Auckland International Airport Ltd), a 40-room extension at the Novotel Tainui Hamilton hotel and investigation of other major residential & commercial property opportunities in the Waikato & Auckland regions.

2 February 2018:

Church moves to Chow Group

John Church.

Property investor Chow Group Ltd has appointed Bayleys’ commercial real estate national director, John Church, as its chief operating officer.

Brothers John & Michael Chow & Clint Webber listed Chow Group on the NZAX in February 2016 through the reverse takeover of RIS Group Ltd.

The Chows said of Mr Church’s appointment last month: “John’s leadership skills & specialist knowledge in all aspects of property acquisition & development & disposal allow him to play a significant role alongside John & Michael Chow in all of the group’s management & operations. John works closely with all key stakeholders involved in Stonewood Holmes, Inno Capital & the ever-growing group of business interests in the group.”

Mr Church joined Bayleys in 2012 after 6 years as national leasing manager for JLL. Before that, he was managing director of Christchurch commercial property services business Thompson Wentworth Ltd, executive director of Telco Asset Management Ltd in New Zealand and general manager of Telco Asset Management (Australia) Pty Ltd.

He has a BCom in valuation & property management from Lincoln University. He’s a fellow of the Property Institute, a member of the Institute of Directors and an associate of the Real Estate Institute.

Kean takes over Dilworth portfolio management

Justin Kean.

The Dilworth Trust Board has appointed Justin Kean as property portfolio manager, replacing Ian Redshaw, who resigned in late 2017 to spend more time with his family and pursue personal business objectives. Mr Redshaw has his own property consultancy, Frontier Management Ltd.

Mr Kean was asset management director at Unitec’s Wairaka Land Co Ltd for the last 18 months, after 3½ years as director of research & consulting at JLL.

Earlier in his career, he was an analyst at CBRE in Auckland for 6 years and an associate director in research & consulting at JLL for 3½ years before venturing overseas, first as a global real estate portfolio manager for ING Real Estate for 4 years, and then for a year as a portfolio manager for Aberdeen Asset Management based in Amsterdam.

Dilworth chair Jon Wain said: “Mr Kean is an accomplished property strategist who brings global experience across asset consulting, research & funds management, and joins Dilworth at an exciting time in the trust’s growth & development.”

The trust board was established in 1894 by the will of James Dilworth to educate boys from families of limited means. Mr Dilworth left a substantial endowment to fund the operation & development of the school, and today the endowment is about $690 million. Most of the investment assets are commercial & industrial property. The board governs & funds Dilworth School, providing scholarships to over 600 boys who attend school at its 3 campuses in Epsom, Remuera & Mangatawhiri.

Wilton takes on new role to advance Forest Enterprises succession plan

Steve Wilton.

Steve Wilton announced his retirement yesterday as managing director of forest investment syndicator Forest Enterprises Ltd, to take on the new role of special projects director.

In the latest stage of the Masterton-based company’s succession plan, 48% shareholder Mr Wilton is handing the leadership to executives who’ve become directors & hareholders over the last 5 years.

Forestry director Bert Hughes becomes chief executive in addition to his forestry responsibilities. Graeme Tindall has been appointed managed investments director, assuming much of Mr Wilton’s investment-related responsibilities.

Forest Enterprises’ priority is to accelerate the planning necessary to ensure the profitable harvest of its investors’ forests and secure the future for the investments. In his new role, Mr Wilton will be dedicated to the specialist work required to implement these plans over the next 8 months.

He described this as a “triple win” scenario: “This restructure fulfils all my ambitions for the company, as well as for my own retirement, and ensures that our investors’ interests remain the paramount focus, now & into the future.”

Mr Hughes of the changes: “Steve followed company founder Charles Wallis as a pioneer of the retail forestry investment business, and built the Forest Enterprises we have today. Having Steve so focused on our business growth plans is of huge value to us & our clients. He has left us big shoes to fill, but I speak for all the shareholders when I say how confident I am of our plan & our people.”

Mr Wilton has been progressively selling down his shares to senior management. Mr Hughes & Mr Tindall started the process in 2012 by becoming shareholders, followed in 2015 by legal services director Gordon Wong and by forest estate manager Malte Coulmann in 2016. Dan Fraser, Forest Enterprises’ Gisborne regional manager, joins the shareholder group on 1 April.

From 1 October 2018, Mr Wilton will be the non-executive chair of group parent company Forest Enterprises Growth Ltd.

Forest Enterprises was started in 1972. It manages 20,000ha of forests in the Wairarapa, Gisborne & Hawke’s Bay for 7500 investors.

Link: Forest Enterprises

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On the move, January 2018

Bell Gully announces 2 new partners & 9 senior appointments
Erdos launches One Agency Luxury Property
New Ray White Commercial Auckland franchise launched
Birkenhead joins Ray White Apartments and Johnson takes over Kingsland management
Ellis to lead industrial & logistics team
Vulinovich returns to CBRE Auckland
K3 Consulting, Accounting & Legal moves up Albert St
Treacy exits SkyCity in April
AMP Capital hires new finance & operating chief
Ward moves to Nathan Stokes
Meale signals retirement from rail link

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

29 January 2018:

Bell Gully announces 2 new partners & 9 senior appointments

Law firm Bell Gully has appointed 2 new partners, a new special counsel & 8 senior associates. The new partners are corporate specialist Laura Littlewood and commercial litigator Jesse Wilson, and the special counsel is competition & regulatory specialist Glenn Shewan.

The new senior associates are Adri Lock, Hannah MusgraveNicola Peak, Morgan Powell, Hayden Roberts, Bridget ThompsonMichael Tilley & Rosemary Wooders.

Partners

Laura Littlewood.

Laura Littlewood is a corporate & commercial partner covering corporate transactions & commercial contracts and specialist advice on technology innovation, data, cyber security, consumer law & e-commerce. She has a particular interest in data & digital disruption in the consumer & retail sectors. Ms Littlewood was a solicitor at Macfarlanes LLP, London for 5 years before joining Bell Gully in 2012.

Jesse Wilson.

Jesse Wilson is a commercial litigator with expertise in company & shareholder disputes, competition law & regulatory investigations, particularly in securities law. He also acts on contentious construction & insurance disputes. Mr Wilson joined Bell Gully in 2006 after a year as an Appeal Court judge’s clerk. He graduated with a master’s degree from Stanford University Law School in 2009.

Special counsel

Glenn Shewan.

Glenn Shewan is a specialist competition, regulatory & overseas investment lawyer, advising on merger control, cartels & misuse of market power claims. He has extensive experience advising on the competition law aspects of mergers & acquisitions and assists foreign acquirers of New Zealand land & business assets to obtain approvals from the Overseas Investment Office. Mr Shewan joined Bell Gully in 2012 after 6 years as a lawyer at Allens of Australia & international firm Linklaters.

Senior associates

Adri Lock.

Adri Lock is a commercial property lawyer with a focus on retail leasing who acts for several large commercial landlords & tenants. Before joining Bell Gully, she worked as in-house counsel at a project management company. Ms Lock has an LlB from Pretoria University and began her law career in South Africa in 2004, coming to New Zealand in 2012.

Hannah Musgrave.

Hannah Musgrave is a commercial & criminal trial advocate, with experience in insurance, judicial review, local government matters, trust disputes and regulatory & white-collar crime. Her recent work includes acting for insurers on matters involving policy di​sputes and local government on disputes arising from the implementation of new regulatory regimes. Ms Musgrave graduated from Otago University with law & arts degrees, and from Chicago University with an LlM. She joined Bell Gully last year.

Nicola Peak.

Nicola Peak, based in Wellington, has broad commercial property experience, including property transactions, buying & selling land & commercial buildings, development agreements, commercial leasing & complex transactions, and acts for a number of public & private sector clients. Ms Peak has a law degree from Otago University, and bachelor of commerce & administration degree from Victoria University of Wellington.

Morgan Powell.

Morgan Powell is a litigator with expertise in commercial, insurance & leasing disputes. He acts for a number of insurers in proceedings arising from the Canterbury earthquakes. Mr Powell has law & arts degrees from Canterbury University.

Hayden Roberts.

Hayden Roberts is a specialist tax lawyer with experience in tax disputes & litigation. He advises clients on corporate tax law issues, including mergers & acquisitions, financing arrangements, securitisation structures & employee remuneration arrangements. He’s acted for taxpayers in a number of disputes with Inland Revenue. Mr Roberts has law & arts degrees from Auckland University.

Bridget Thompson.

Bridget Thompson is a banking & finance lawyer with experience acting on a range of transactions including acquisition finance, asset finance & leasing, securitisations & general corporate finance. She acts for a number of financial institutions and large corporate & private equity clients. Ms Thompson joined Bell Gully in 2016 after 3 years working at White & Case LLP in London, including a year seconded to Deutsche Bank’s structured & asset finance legal team. She has law & arts degrees from Otago University.

Michael Tilley.

Michael Tilley is a specialist competition & regulatory lawyer, with extensive experience advising companies & regulators on all aspects of merger control, cartel investigations & misuse of market power claims. He has law & arts degrees from La Trobe University in Melbourne, specialised in merger control in his 3 years at the Australian Competition & Consumer Commission and focused on mergers & competition investigations in the financial services sector in the next 3 years at the UK’s Office of Fair Trading. He also worked at international law firm Linklaters LLP in London for 2 years before joining the NZ Commerce Commission in 2014 as competition senior legal counsel, and Bell Gully in mid-2017.

Rosemary Wooders.

Rosemary Wooders advises employers & senior executives on a variety of contentious & advisory employment matters, including personal grievances & disputes, collective bargaining, restraints of trade, absence management, redundancy & performance issues and negotiated exits. After graduating from Auckland University with law & arts degrees in 2009, she worked in London for 2 international law firms for 5 years before joining Bell Gully’s employment team.

26 January 2018:

Erdos launches One Agency Luxury Property

George Erdos.

George Erdos spent just under 10 years running a central city commercial real estate office for NAI Harcourts, but switched this month to high-end residential as principal of One Agency Luxury Property, based in the former International Art Centre premises at 272 Parnell Rd.

The business – where each agent is their own agency, operating from the same premises as each other – has attracted some high profile agents, including Marnie Adams & Marie Graham, and will also undertake property management run by Jacqueline Clark. Ms Adams was previously at Bayleys, NZ Sotheby’s International Realty & Harcourts, and Ms Graham was at Ray White & Harcourts.

Ms Clark has worked in property management since 2011 at Goode Rentals & Ray White Epsom. She also has a bachelor of business studies from Manukau Institute of Technology, studied law at Victoria University of Wellington and achieved a master’s degree with distinction from Otago University’s business school in 2015.
Link: One Agency Luxury Property

New Ray White Commercial Auckland franchise launched

A quartet of commercial, auction & residential specialists launch Ray White Commercial Auckland Ltd next week after a summer of preparing the new agency, which is based at 2 Ruskin St, Parnell.

From left: Nigel Ingham, John Bowring, Megan Jaffe & John Davies.

Megan Jaffe, owner of the Ray White Remuera franchise, auction specialist John Bowring and 2 former Colliers agents, John Davies & Nigel Ingham, have taken a 25% stake each in the new commercial operator. Mr Davies & Mr Ingham will run it.

Mr Davies, a chartered accountant & business graduate of the University of California, Berkeley, was an agent at Colliers for 15 years.

Mr Ingham joined Colliers in Auckland as an industrial agent in 1998 and stayed until March 2006 – taking time out to go surfing before a short stint of agency combined with an ownership stake at Mt Wellington-based Commercial Realty Ltd, and the same combination at Ray White.

At Colliers, he spent 7 years as manager of the industrial team in Auckland, and was based in Shanghai for the next 6 years as the agency’s director of industrial real estate for China.

Mr Davies said the agency had “some good folk knocking on the door to work with us”. He expected it would also be a different kind of agency from the Ray White Commercial business Bruce Whillans took on from 2010-15, before dropping the franchise to embark on his own highly successful standalone venture.

Mr Whillans said when he dropped the franchise to launch his own brand it was a natural progression for his commercial agency to move away from Ray White because of the Australian group’s strong residential heritage in New Zealand. Mr Davies said the new franchise would maintain strong ties to Ray White Australia, reporting directly to the Brisbane headquarters, but would have a strong focus on service for local clients – “and that’s what the New Zealand property market is, by & large. That’s what our clients have said they want.”

At the same time, he said, “We’re not going to be your neighbourhood corner agency and selling the shoe shop. We’ll be mid-tier and the ‘private client’ arm in banking terms” – less corporate, more private investor focused.

Mrs Jaffe opened her Ray White Remuera franchise 11 years ago and opened brand-new premises on Remuera Rd last winter, complete with auctionroom & meeting spaces.

Mr Bowring was national auctioneer manager for Colliers for 8 years, but opened Elite Auctioneers Ltd in 2015 with Hayden Broadbelt & Tim Obern, still auctioning for Colliers but spreading the business to other agencies as well.
Link: Ray White Commercial Auckland
Earlier story:
12 June 2015: Whillans Realty goes independent

Anna Birkenhead.

Birkenhead joins Ray White Apartments and Johnson takes over Kingsland management

Anna Birkenhead was named rookie of the year at apartment agency specialist City Sales last March, but has moved this week to rival downtown agency Ray White City Apartments. She entered the real estate sector after a 28-year career working in a diverse range of mental health settings, as clinician, team leader, manager & project leader.

Sammie Johnson.

Sammie Johnson switched to real estate 5 years ago after a 13-year career in the hospitality sector, and was appointed office manager at Ray White Kingsland this month.

Her first step into real estate was as a letting agent at Ray White City Apartments, followed by a move to Ray White Manukau in 2015 as executive assistant marketing manager & sales agent for an agency team. For the last year she was sole charge administrator at Bayleys in Mairangi Bay.

24 January 2018:

Ellis to lead industrial & logistics team

Chagalle Ellis.

CBRE has appointed Chagalle Ellis to lead capital markets for its industrial & logistics team. She’s based in the real estate consultancy’s South Auckland office.

Ms Ellis joined CBRE in 2009 as a valuer in the South Auckland office, and was named a director of valuation & advisory services in 2015.

Industrial & logistics national director Claus Brewer said her extensive market knowledge, along with her energy & drive for a consistently high level of performance, would be advantageous to the team.

“Chagalle’s excellent reputation in the property industry, combined with her existing relationships with clients, allows CBRE to differentiate ourselves from our competitors in industrial sales.”

She’s a member of the Auckland branch committees of both the Property Institute & the Institute of Valuers, and was a joint recipient of the RICS young achiever of the year award in 2015.

Vulinovich returns to CBRE Auckland

Nikolai Vulinovich.

Nikolai Vulinovich returned to CBRE’s industrial & logistics team in Auckland this week as an associate director after 2 years in its South Sydney office, where he focused on the inner west market.

He’ll be based in the South Auckland office, specialising in sales & leasing in the Airport & Western Corridor.

Industrial & logistics national director Claus Brewer said: “It’s exciting to have previous employees gain additional experience and return to the team. Nikolai’s experience, combined with his existing client relationships & strong work ethic, will complement & enhance CBRE’s offering in the industrial & logistics market.”

Mr Vulinovich worked at CBRE in Auckland for 4 years after graduating from Auckland University with a conjoint BCom/BProp in accounting & finance.

K3 Consulting, Accounting & Legal moves up Albert St

The 3-pronged K3 Consulting, Accounting & Legal moves next Monday from West Plaza, at the foot of Albert St, up the slope to 83 Albert St, across Kingston St from the Auckland District Court.

Mark Kirkland.

The partners formed the firm a year ago, offering accounting, legal & a range of consultancy services under one roof, though it has 3 formal companies. As partner Mark Kirkland wrote on K3’s website at the time: “Every member of the K3 team can access the legal, accounting & business consulting skills & experience. This means when you come to us with an issue, we can tackle it from 3 different angles to help you kick off innovative solutions.

“We believe over the last 3 decades accountants have eroded many areas of work that used to be the sole domain of lawyers. This includes company incorporations, structures, shareholder agreements, shareholder disputes, tax structures & tax disputes to name just a few.

“When I first started my legal career in the 80s, lawyers were the first port of call for advice on all major business decisions. These days lawyers very rarely have any input into company structure or shareholder agreements. When I’m instructed I inevitably have to deal with an accounting firm on the other side of the matter.

“The very real problem with accountants advising clients in areas involving the law is their background & perspective (I’ve also been trained as an accountant so I can comment on this with some insight). Accountants have been trained to see things from a numbers perspective and, more often than not, in a historical framework. Lawyers, however, are trained to think about future events, particularly about what can go wrong.”

Over half of K3’s legal team is fluent in Mandarin and the firm has extensive links with the Chinese community.
Link: K3

Treacy exits SkyCity in April

Peter Treacy.

SkyCity Entertainment Group Ltd’s group corporate affairs general manager & chief risk officer, Peter Treacy, will leave the company on 19 April to pursue a career in governance.

Company secretary Jo Wong said his position wouldn’t be replaced and his direct reports would be assumed between the executives comprising the various disciplines of the senior leadership team.

Mr Treacy, a former Hong Kong partner of London-based law firm Linklaters, where he worked for 16 years, has been a member of the executive team since he joined SkyCity in 2005 as general counsel & government relations general manager, and has had executive responsibility for risk, government relations, communications, surveillance, host responsibility, corporate social responsibility, health & safety and legal & regulatory affairs.

Chief executive Graeme Stephens said: “We are pleased that Peter remains available to consult to SkyCity on certain projects, including the NZ International Convention Centre, a project on which he has been involved from inception, leading negotiations with the Government & the construction contract with Fletcher Building Ltd.”

AMP Capital hires new finance & operating chief

John Patrick (JP) Moorhead.

Sydney-based AMP Capital Investors Ltd has appointed John Patrick (JP) Moorhead as its new chief financial officer & chief operating officer, replacing Margaret Payn, who is returning to the UK for family reasons after 5 years at AMP Capital.

Ms Payn will transition her responsibilities to Mr Moorhead when he joins AMP Capital in London on 30 April. He will move to Sydney in June.

Mr Moorhead was most recently the London-based chief operating officer of 8 Roads, the investment arm of Fidelity International Ltd. He previously spent 11 years at Virgin Group in Sydney, London & Geneva, where he held a variety of positions including group chief financial officer, group corporate finance director & investment director. Mr Moorhead also has extensive investment banking experience in London & Sydney.

AMP Capital chief executive Adam Tindall said Ms Payn had been instrumental in helping the company grow internationally. Mr Moorhead will replace her on AMP Capital’s responsible entity & trustee boards, including the AMP Capital Funds Management Ltd & AMP Investment Services Pty Ltd boards.

Ward moves to Nathan Stokes

Peter Ward.

Longtime Wellington property identity Peter Ward joined Nathan Stokes Valuers a fortnight ago, covering valuations across the commercial, residential & industrial range.

His career stretches back through valuation, real estate sales & management over 40 years. After returning in 2016 from an 8-month stint in Kiribati, where he was land valuation advisor to the Kiribati Government’s land management division through Volunteer Service Abroad, Mr Ward joined Beca Ltd’s advisory team in Wellington last year as a valuations senior associate, with a task of developing its valuation & advisory business in the Wellington region.

Mr Ward spent a year before his Kiribati term as a consultant to Property Pathways Ltd, after 10 years heading his own firm, Wellington Realty Ltd. He began his career in the city valuer’s office at the Hutt City Council, spending 5 years there and another 5 years as a senior valuer in the Valuation Department, the next 15 years at the AMP Society & Appraisal Partners. He joined Colliers in international sales in 1995, moved to Jones Lang LaSalle as sales manager for a year, and spent 3 years as chief executive & a consultant at Rolle/Knight Frank before opening his own business.
Link: Nathan Stokes Valuers

Meale signals retirement from rail link

Chris Meale.

Chris Meale, chief executive of the joint Auckland Council-Government company City Rail Link Ltd, will retire from his role early this year.

Mr Meale has led the project for 5 years, has previously stated he would step down in early 2018 when the project’s future was assured and was in a stable position for change.

The city rail link is now fully funded, has its own company & board, has just let the first contract to start the rest of the project and started the tender process for the remaining contracts.

Mr Meale said leading the City Rail Link team had been a highlight of a long career in major infrastructure, power construction & rail projects in New Zealand & internationally: “It’s been a wonderful experience, but so has becoming a grandfather, and I’m looking forward to a greater focus on family & more life balance.

“CRL is not a team or a project I will forget and along with the rest of Auckland I’ll be watching it progress to opening by 2024.”

Mr Meale, an engineer, was managing director of Lincolne Scott Australia Pty Ltd from 1992-2003, including 3 years as an external director of Design Power NZ Ltd, and was a director of Hyder Consulting Australia Pty Ltd from 2006-09.

He & his wife, Susan, have had their own company in Auckland, Metro PM Advisors Ltd, since 2009.

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On the move, December 2017

Surveyors elect first female president
Royal takes over chair, Blair deputy at Ngati Whatua Orakei
Context Architects promotes 5 to associate
Laery off travelling after 4 years heading NAI Harcourts Australasia
Shortt the new ASB Bank chief
Orr moves from Super Fund to Reserve Bank in March
Duke opens own apartments agency
Institute honours Cashmore & Mordaunt

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

29 December 2017:

Surveyors elect first female president

Rebecca Strang.

The NZ Institute of Surveyors, founded in 1888, finished 2017 by electing its first female president and 2 women to its board. It also honoured 3 members as fellows.

The institute’s new president is Rebecca Strang, who’s been vice-president for 2 years and was involved at branch level and as a leader of the young professionals group.

She’s digital practice leader at global engineering & infrastructure advisory company Aurecon NZ Ltd in Auckland. Her role there is to help the company define the most efficient & consistent way to deliver projects to its clients, and she wants to streamline the way the institute’s council operates.

The new board members are Michelle Bain, a director of Cato Bolam Consultants Ltd & manager of its Orewa office, and Dr Jordan Alexander, who runs her own Wellington-based company, Pangaea Consulting Ltd.

Ross Thurlow.

The 3 new fellows of the institute are Steve Critchlow, managing director of the Wellington firm he founded 26 years ago, Critchlow Ltd; Warren Haynes, a director of Christchurch firm Eliot Sinclair & Partners Ltd; and Ross Thurlow, who set up his own Auckland company, Thurlow Consulting Engineers & Surveyors Ltd, in 1996.

Mr Thurlow is also joint owner of a Christchurch business. He’s been the institute’s engineering examiner for 12 years, and examination chair for 3 of those years.

The young professionals who received awards were:

  • Taryn Martin, New Plymouth, Bogle young surveyor of the year
  • Graeme Crouchley, Christchurch, Maurice Crompton-Smith prize for best set of projects for the professional entrance exam
  • Eymard Carter, Dunedin, Percy Dyett award as best overall land development candidate in the professional entrance exams
  • Heath Dawson, Christchurch, state sector award as highest placed candidate in the cadastral law exam, and
  • Lloyd McGarvey, Christchurch, McRae award for his contribution to the good & benefit of the institute & members.

17 December 2017:

Royal takes over chair, Blair deputy at Ngati Whatua Orakei

Marama Royal.

The Ngati Whatua Orakei Trust has elected Marama Royal as its new chair, replacing Phillip Davis. She’s been on the trust board for 7 years, deputy chair for 2 years.

Ms Royal was born & raised in Orakei and educated at Queen Victoria School in Parnell. She was a district court registrar for 2 years, jurisdictional manager at the Rotorua Family Court for 2 years and worked for Victim Support for 18 years, first as a district manager and then as general manager for Maori, Pacific, ethnic & diverse communities.

She said on her election: “As chair, my focus will be on ensuring our place as mana whenua is protected but also to constantly advocate for our whanau, as they are the central pou of who we are.

“We have a good mix of people on our board, with some new & returning trustees, and along with our strong financial position we have an excellent platform to continue to grow & develop.

“It’s important that we continue to allow our people to realise their dreams & ambitions, and that our work reflects our vision – Kia rere arorangi te kahu pokere ki nga taumata Tiketike – to enable our whanau to soar and fly to the highest heavens.”

Ngati Whatua Orakei recently reported its asset base had grown 84% in 4 years, from $593 million in 2012-13 to $1.09 billion in 2016-17, and equity increased by 102% over those 4 years, from $423.6 million to $854.9 million.

Ngarimu Blair.

The new deputy chair is Ngarimu Blair, who has been a trustee since 2006, and shareholder’s appointee for the iwi commercial development company Ngati Whatua Orakei Whai Rawa Ltd.

He’s been a director of Nga Tira Consulting Ltd for 6 years, founded Pale Blue Dot Community Communications Ltd 2 years ago, and has been on the boards of the National Science Challenge – Building better homes, towns & cities – and the North Harbour Rugby Union for a year.

Mr Blair said he was looking forward to the next phase for the iwi, in its role as a key player in Auckland: “Our position will allow Ngati Whatua Orakei to explore strategic opportunities that will deliver skills & ongoing benefits to our people, and also help solve some of the challenges currently facing our city & communities.

“As a trust, we have been working towards building a good base for our people and we have done this. It is an exciting time for Ngati Whatua Orakei, particularly as we are seeing real gains from decisions made 20 years ago, such as the purchase of Quay Park in Auckland’s cbd.

“Those decisions, and the careful management since, mean we can play a big part in sectors such as housing, which is really pleasing. This includes our recent purchase of Housing NZ land & stock near Orakei Marae, and the development of 30 Kainga Tuatahi homes for Ngati Whatua Orakei whanau.”

The trust’s financial performance in 2016-17 also included total revenue of $50.9 million and $143.3 million pretax profit (including $141 million of investment property revaluation gains). That has enabled the iwi to distribute a range of grants to support its members, including sports grants recognising talent, and kaumatua & kuia grants to help meet core healthcare costs.

Ms Royal said these grants weren’t just investments but were essential for the sustainability of the iwi: “Last year, we allocated more than $338,000 in education grants alone to support our tamariki & rangatahi.

“These funds enable our young people to develop the skills they need to succeed & ultimately contribute to the ongoing development of Ngati Whatua Orakei.

“We are committed to supporting our marae and will make resources available wherever needed. That’s about ensuring we can maintain Orakei as the paramount marae of Tamaki.”

Next year, the trust intends to introduce a whanau health insurance scheme as part of its plans to transform the health of its whanau & iwi. It’s also working on a universal savings scheme for its members, with interest created by investing in tribal businesses.
Link: Annual report & financial statements

Context Architects promotes 5 to associate

Context Architects Ltd has promoted 5 staff to associate in its mission to be the best architects to work with in the country. Director & managing principal Stephen Voyle said: “The new associates will help ensure excellent client experiences for Context’s customers and manage all aspects of projects to make sure they run on time & budget.

Operating nationally from offices in Auckland & Christchurch, the 63-person practice has grown by 7 people this year, after doubling the size & turnover of the business between 2014 & 2016. Recent new appoints include architects, interior designers, a business development manager and even a gamer-turned-virtual reality specialist.

Mr Voyle said: “The appointments & promotions reflect the growth & development of our people & the business. We’ve seen particular growth in housing, hospitality & retail this year, as well as exponentially increasing our use of virtual & augmented reality to design & consult.

“More major clients have come on board and we’re delighted others have chosen to grow their relationship with us. Many are drawn by our innovation in digital architecture, which makes the design process more collaborative and delivers better design.”

Context’s South Island team has moved to a new office in Christchurch’s innovation precinct, and the whole practice has a new brand that reflects the business’ focus.

Context Architects’ 5 new associates (left to right): Alex Petersen, Craig Birch, Dasha Tarasova, Madeline Sharpe & Rachel Venables.

Mr Voyle said the 5 newly created associates – Alex Petersen, Craig Birch, Dasha Tarasova, Madeline Sharpe & Rachel Venables – would provide a primary point of call for clients and co-ordinate projects to make them run efficiently & achieve strong results: “It will also encourage more creative & technical excellence as team members focus on particular roles.”

Project lead & interiors specialist Alex Petersen manages nationwide fitout for national retail brands. Architect & green star sustainability expert Craig Birch leads remediation projects to add value to buildings through design.

Architect Dasha Tarasova leads teams on large residential developments, while Madeline Sharpe creates masterplans for largescale developments that sensitively deliver on community & financial aspirations. Next year she will lead a series of national hospitality & tourism projects. And Institute of Architects fellow Rachel Venables is driving innovation in design & consents to improve the efficiency & performance of housing developments and improve time to market.

Mr Voyle said: “We’re delighted to recognise the contribution that our newly promoted associates make to our clients, the business & their colleagues. We are determined to produce thoughtful design that makes a visible & positive difference to clients & communities. The new associates will help us do that.”

Laery off travelling after 4 years heading NAI Harcourts Australasia

Richard Laery

Richard Laery finishes his 4-year stint as NAI Harcourts’ chief executive for Australasia this week and is planning an 8-month break.

After 12 years as a senior sales & leasing broker for Bayleys, including 2 years setting up & running its office in Fiji, Mr Laery joined NAI Harcourts in 2011 to establish the then-new commercial real estate operation as its general manager for New Zealand. He moved to Brisbane at the end of 2013 to take on the Australasian role and has spent the last 3 years growing the Australian side of the business from 3 locations in 2014 to 25 now (it has 60 in New Zealand).

NAI Harcourts is a joint venture between California-based NAI Global & Harcourts International Ltd. In New Zealand, it’s the brand for commercial real estate & business broking services previously provided under the Harcourts Commercial brand.

“The last 7 years have been life-changing & an incredible journey,” Mr Laery said. “Looking back at what has been achieved, I am very proud & humbled to have played a part. From the launching of NAI Harcourts into the commercial property market in New Zealand, creating a national property portfolio called Key Assets to working with an amazing group of commercial & business brokers in New Zealand & Australia. Co-writing and creating a 100-page commercial training & business brokers’ textbooks, running international conference sessions & main stage presentations in New Zealand, Australia & the US at international conferences. Winning an NAI global business of the year award. Then turning NAI Harcourts around in Australia has been very challenging but an amazing experience.”

After a month in New Zealand, he, wife Susie & their 3 young children are heading off for a 6-month RV trip around the US & Canada: “Changing times and time to reset and get family back into my life,” he said.

Shortt the new AS

Vittoria Shortt.

B Bank chief

ASB Bank Ltd’s board has appointed parent company Commonwealth Bank of Australia’s group marketing & strategy executive, Vittoria Shortt, as ASB chief executive.

Ms Shortt succeeds Barbara Chapman, who’s hed the job since 2011, and will join ASB in early February.

Ms Shortt joined the CBA Group in 2002 and has held a number of senior roles in both CBA & Bankwest, including customer-facing, operations & strategy leadership roles. As group marketing & strategy executive since March 2015, she reported directly to chief executive Ian Narev.

Mr Narev said: “Vittoria’s breadth of operating & functional experience during more than 15 years with the CBA Group shows our commitment to developing high calibre leaders. She has consistently demonstrated excellent values and delivered high quality results.”

Ms Shortt holds a Bachelor of Management Studies majoring in accounting & finance from Waikato University and is a chartered accountant. Earlier in her career she worked on mergers & acquisitions for Deloitte & Carter Holt Harvey Ltd.

Orr moves from Super Fund to Reserve Bank in March

Adrian Orr.

Adrian Orr was named on 11 December as the next Reserve Bank governor, taking over the reins from acting governor Grant Spencer on 27 March.

Mr Spencer was appointed acting governor for 6 months from the end of September following the retirement of Graeme Wheeler, whose term expired in September.

Finance Minister Grant Robertson said he would sign a policy targets agreement with Mr Orr in March, before he takes up his appointment.

“The Government announced a review of the Reserve Bank Act in November. The work on the first phase of the review, dealing with the objectives & decision-making processes and role of the board, will be substantively completed by the end of March.

“While it will not be possible to pass legislation to amend the act to reflect any changes from the review before the policy targets agreement is signed in March, we will ensure that the new agreement is developed in a manner consistent with the direction of reform.

“If necessary, the agreement will be revised again after the act has been amended to reflect any changes from the review that cannot be reflected within the provisions of the current act.”

Mr Orr has been chief executive of the NZ Superannuation Fund since 2007. For the previous 4 years he was deputy governor & head of financial stability at the Reserve Bank. He was chief economist at Westpac in New Zealand from 2000-03, and chief manager of the Reserve Bank’s economics department from 1997-2000. Before that, he held roles at the National Bank of NZ, Treasury, the OECD and the NZ Institute of Economic Research.

The $37 billion super fund has returned 10.5%/year since inception (after costs, before NZ tax). Over the last 5 years it has returned 16.2%/year.

10 December 2017:

Hamish Duke.

Duke opens own apartments agency

Apartment specialist Hamish Duke has launched his own agency, Viaduct City Apartments Ltd, and taken another member of Bayleys’ apartments city living team, Carl Russell, with him.

In his 14-year career, Mr Duke said he’d gained an unparalleled knowledge of property values in Auckland’s Viaduct & central business district.

Carl Russell.

Mr Russell has been in sales for 10 years, including a year co-ordinating sales for Sealegs International Ltd, another year at Yachtfinders Global Ltd and 2 years in apartment sales for Bayleys. He’s also held a Mr Whippy franchise for 4 years.

Link: Viaduct City Apartments

4 December 2017:

Institute honours Cashmore & Mordaunt

2 agency owners, Richard Cashmore of Tauranga & Tim Mordaunt of Palmerston North, have been made life members of the Real Estate Institute.

Both were involved in the founding, in 1995, of NZ Realtors Network Ltd by the heads of 4 multi-branch independent agencies.

Mr Mordaunt, of Property Brokers Ltd, remains involved with the network. Mr Cashmore, became a director of Eves Realty Ltd in 1990 and started the Bayleys franchise in the Bay of Plenty. Eves spread to the Waikato, and both Eves & the Bayleys network in which Mr Cashmore has an interest are owned by Realty Services Holdings Ltd.

Mr Cashmore, who received a Queen’s Service Medal in the 2014 New Year’s honours, chairs Realty Services Holdings Limited and has been involved in the real estate industry in the Bay of Plenty for 40 years. The group now has 17 offices and has spread to Taranaki.

Mr Mordaunt founded Property Brokers with one office in Palmerston North and has grown it to 39 offices around the country. He’s a registered public valuer, has chaired NZ Realtors Network, has held various industry leading roles and was made an officer of the NZ Order of Merit in 2004.

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On the move, November 2017

Stringer to run CBRE’s NZ business
Zöllner replaces Bagrie as ANZ chief economist
Kaipara mayoralty nominations open
Batistich made partner at Kensington Swan
Kennedy joins Panuku board
Yellen resigns from Fed
Lovatt to head development at Auckland Airport
Boyle quits Steel & Tube for consultancy
McNally moves from NZME to SkyCity
Crockett quits Fletcher Building for consultancy role
e-Spatial joins T2 in Harrison Grierson fold
Barfoots appoints marketing officer
Don Ha to join RE/Max
PC Realty launched
Powell set to hold the Fed line
Top manager goes in Metro Glass restructure
Bayleys appoints Bhana as central & west industrial manager

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

28 November 2017:

Stringer to run CBRE’s NZ business

Andrew Stringer.

CBRE Ltd has appointed Andrew Stringer to take over as senior managing director of its New Zealand business from Brent McGregor, who was appointed in September to a newly created role of country executive chair.

Mr McGregor’s focus will be on strengthening CBRE’s client relationships & capital markets platform.

Mr Stringer will assume the New Zealand leadership position on 1 January and will also continue as managing director of CBRE’s Auckland office.

CBRE’s Pacific president & chief executive, Ray Pittman, said: “With over 20 years of commercial real estate experience at a senior management level, Andrew has held executive roles with leading New Zealand companies Kiwi Income Property Trust (now Kiwi Property Group) & Precinct Properties – giving him a strong client-side perspective, which will assist in driving our strategy & future growth ambitions.”

To assist Mr Stringer, Campbell Stewart will take on an expanded role as national director of business strategy. Mr Stewart will also continue in his role as national director of valuation & advisory services.

Zöllner replaces Bagrie as ANZ chief economist

The ANZ Banking Group Ltd has appointed Sharon Zöllner to replace Cameron Bagrie as its chief economist in New Zealand.

Ms Zöllner started her career as a macro-economist at the Reserve Bank in 1998, also worked at the Central Bank of Norway and joined ANZ’s economics team in 2010. In2012, she created the ANZ Truckometer, a set of 2 economic indicators derived using traffic volume data from around the country. She has a particular interest in big data & machine learning and its potential applications in macro-economics.

Ms Zöllner holds MCom & BA degrees in economics from Canterbury University. She’s also completed an online machine learning engineering nanodegree from Udacity.

Mr Bagrie, the bank’s chief economist in New Zealand for 10 years, resigned at the start of October and says on his LinkedIn page he’s “having a wee break”.

26 November 2017:

Kaipara mayoralty nominations open

Nominations opened on Friday for mayor of the Kaipara District, a vacancy caused when Greg Gent resigned from the job on 9 October, one year into the 3-year term.

Nominations close at noon on Friday 22 December and the by-election will be held by postal vote on Saturday 17 February 2018, under the single transferable voting electoral system.

Earlier stories:
11 October 2017: Kaipara election dates set
Kaipara mayor resigns after a year

Batistich made partner at Kensington Swan

Law firm Kensington Swan has promoted Marija Batistich to partner with effect from 1 January, just under a year since she joined the firm. Employment lawyer Charlotte Parkhill has also been promoted to partner from 1 January. Their appointments take the number of female partners at the firm to 10, representing over 30% of the partnership.

Marija Batistich.

Marija Batistich, a resource management & environmental lawyer, moved from Bell Gully to Kensington Swan’s environment & planning team in Auckland in January this year as special counsel. She spent 11 years at Bell Gully, where she was a senior associate, 5 years before that in London and her first 4 years in law at Russell McVeagh and Simpson Grierson.

She’s a specialist in consenting major infrastructure, having worked on some of Auckland’s most important transport & other place-shaping projects. She also has expertise in public law & liquor licensing. She’s a past member of the Auckland committee of the Resource Management Law Association and is a member of the Auckland Women Lawyers Association.

Kensington Swan chief executive Charles Spillane said in January Ms Batistich’s appointment was part of a wider commitment to provide excellent service to its infrastructure & commercial clients, particularly in the area of environment & planning. She will be working alongside partners Christina Sheard (Auckland) & Nicky McIndoe (Wellington), and senior associates Natalie Amos (Auckland), Frances Wedde (Wellington) & Ezekiel Hudspith (Wellington) to lead the specialist team.

Charlotte Parkhill.

Ms Parkhill joins Michael O’Brien & Greg Cain in leading the national employment team. She joined Kensington Swan in 2011 and has 14 years’ experience specialising in employment law, including 4 years in London, as well as experience as a criminal prosecutor.

22 November 2017:

Kennedy joins Panuku board

Auckland Council has appointed property executive & company director David Kennedy to the board of its urban regeneration agency, Panuku Development Auckland, for a 3-year term from 1 November. Anne Blackburn & Evan Davies have retired from the Panuku board.

The council’s appointments & performance review committee approved Mr Kennedy’s appointment at its 27 October meeting and it was confirmed this week.

Auckland mayor Phil Goff, who chairs the committee, said: “Mr Kennedy brings strong governance, strategic & operational experience to the board of Panuku. As well as having significant commercial experience in the property & entertainment industries, David’s political & community engagement work with Ngai Tahu Property and Eden Park Trust will be beneficial to Panuku as it shapes how our communities & our city grow.

“Panuku plays a vital role in Auckland, rejuvenating town centres & shared spaces for communities across the region and delivering commercial outcomes for the council.”

Mr Kennedy was appointed general manager of Ngai Tahu Property Ltd’s new Auckland office in 2015, and subsequently chief executive of the company, which is the property development & investment arm of Ngai Tahu Group. That followed 5 years at the Eden Park Trust Board, 8 years at Sky City Entertainment Group Ltd, including roles as general manager of operations, public policy & corporate strategy, and before that a career at St Lukes Group Ltd, where he was managing director, and Westfield NZ Ltd. Mr Kennedy has also been a director of Ngai Tahu Property since 2009. He’s a town planning & management graduate from Auckland University.

Yellen resigns from Fed

US Federal Reserve chair Janet Yellen, 71, will step down as a member of the board of governors when her successor, Jay (Jerome) Powell, 64, is sworn in on 3 February 2018. She submitted her resignation on Monday.

President Obama appointed her to the board for an unexpired term ending 31 January 2024, and she’d previously been a board member from 1994-97. Dr Yellen has been a faculty member at the University of California at Berkeley since 1980.

Lovatt to head development at Auckland Airport

Auckland International Airport Ltd has appointed Andre Lovatt as its new airport development & delivery general manager, starting in February.

He’ll be responsible for leading the airport’s infrastructure development & delivery team, focusing on the implementation of the company’s 30-year vision to build a world-class airport.

Chief executive Adrian Littlewood said on Monday: “Andre brings 19 years’ experience in managing major infrastructure projects across the Asia Pacific region. Over the past 5 years he has been based in Christchurch and has played a pivotal role in the city’s redevelopment, including as chair of Regenerate Christchurch & chief executive of the Christchurch Arts Centre.

“He also has experience in the aviation sector, having acted as a director of Christchurch Airport since 2014.”

He led the Singapore office of global consulting engineering firm Arup for 6 years and was involved in a wide range of infrastructure projects, including the Marina Bay Sands development & Singapore Sports Hub.

Mr Lovatt has a master of engineering (civil engineering) degree from Canterbury University and master of business administration degree from the National University of Singapore.

19 November 2017:

Boyle quits Steel & Tube for consultancy

Dennis Boyle.

Steel & Tube Holdings Ltd said on Friday its supply chain general manager, Dennis Boyle, had resigned, effective 31 December, to move into supply chain consultancy.

Interim chief executive Mark Malpass said Mr Boyle, who joined Steel & Tube 7 years ago, had strengthened the supply chain initiatives and had had significant involvement in the growth of the company through acquisitions.

For the previous 11 years, Mr Boyle was logistics manager at US pharmaceutical company Schering-Plough’s Upper Hutt vaccine manufacturing plant, after 3 years at paint manufacturer Dulux (NZ) Ltd.

McNally moves from NZME to SkyCity

Liza McNally.

SkyCity Entertainment Group Ltd has appointed Liza McNally to the newly created role of chief marketing officer, effective 22 January.

Ms McNally has over 20 years’ experience in marketing brands in New Zealand & Australia, with an emphasis on media & the entertainment sector. She’s chief marketing officer for NZME Ltd, where she was responsible for the launch & rollout of the NZME brand, the marketing management of over 30 digital, radio & publishing brands and managing the ongoing brand evolution of NZME after the merger of APN News & Media :td with The Radio Network Ltd.

Before joining NZME in 2014, Ms McNally managed Spark NZ Ltd’s retail media strategy through the transition from The Telecom Corp of NZ Ltd, held various senior roles at Nationwide News Pty Ltd & News Corp Australia and ran her own consulting firm in Sydney.

Crockett quits Fletcher Building for consultancy role

Matt Crockett.

Fletcher Building Ltd said on Friday the chief executive of its building products division, Matt Crockett, had resigned from the company’s executive team to join a global consulting firm in a senior advisory role starting in February.

Mr Crockett joined Fletcher Building in 2015, and interim chief executive Francisco Irazusta said he’d built a strong leadership team which had returned the building products division to earnings growth.

Mr Irazusta said Mr Crockett would focus on business transformation, strategy & digital enablement, continuing to work with leading companies in the areas he’s most passionate about.

Mr Crockett graduated from Curtin University in Perth in 1991 with a bachelor of engineering degree (first-class honours) in mining engineering, spent the next 3 years in the mining industry in Australia then went to Oxford University for 3 years on a Rhodes scholarship, leaving in 1996 with a masters in philosophy, majoring in finance & organisational behaviour.

He spent the next 6 years as an associate principal at McKinsey & Co, then joined Telecom NZ Ltd in 2003 as head of market strategy, and led its wired, wholesale & international businesses and the investment in Southern Cross Cable Networks through to 2011, when he joined APN News & Media, holding several senior executive roles.

In 2013 he returned to Telecom (by then Spark NZ Ltd) as chief turnaround officer for the 2 years before he moved to Fletcher.

e-Spatial joins T2 in Harrison Grierson fold

Engineering & design consultancy Harrison Grierson Holdings Ltd has followed up its February merger with Traffic & Transportation Engineers Ltd (T2, owned by David Mitchell & Pravin Dayaram), merging this week with Wellington-based e-Spatial Ltd (Simon Jellie).

To bring T2 into its fold, Harrison Grierson formed a new business unit called HGT2. This time, it’s formed a standalone business unit called ‘e-Spatial, a Harrison Grierson company.’

Harrison Grierson employs 350 people in 8 offices and in 4 key market sectors – land & buildings, water & the environment, utilities and transport. e-Spatial adds spatial consulting, solution development, data management & technology.

14 November 2017:

Barfoots appoints marketing officer

Chris Andersen.

Barfoot & Thompson has appointed Chris Andersen as chief marketing officer, based at the company’s head office in Auckland.

His role is to oversee all facets of the business’s brand & marketing, including advertising, digital channels & sponsorships as well as collateral delivered through 74 Barfoot & Thompson branches around Auckland & Northland.

Managing director Peter Thompson said today: “Chris brings both a diverse marketing background & specialist experience in digital content & sales that will be invaluable to the business & our clients.”

Mr Andersen was global ecommerce manager at Sistema Plastics Ltd for the last year, digital sales manager at ASB Bank Ltd for the previous 17 months and Office Depot (NZ) Ltd’s marketing manager for the 5 years before that.

13 November 2017:

Don Ha to join RE/Max

Don Ha.

7 years on from founding Don Ha Real Estate as an independent brand, Don Ha has decided to join a chain. His agency will become part of RE/Max from New Year’s Day.

“Our new trade name will be RE/Max Revolution and we will be relocating our office from Manukau cbd to 328 Great South Rd, Papatoetoe.” He said the 1000m² of office space & 60 parking spaces were enough for 100 agents, with a large space for property investment seminars & other community-focused initiatives.

“My business is national & international project marketing, and residential real estate & commercial property sales. Partnering with RE/Max is part of future-proofing my business.

“We are expanding, we are recruiting, and we are getting everything in place now to start the New Year with a whole new energy.

“I want my agents’ business to grow, but I take the more holistic approach through their professional & personal development, showing them not just how to build wealth but how to manage it as well, for example.

“I prefer to see my agents earning more than me, because these are the agents who want to stay on my team.”

Mr Ha said he was serious about providing career paths, through formal traineeships and regular mentoring & training seminars, and many of his agents had been on the team for over 13 years: “My agents become ambassadors for the business, my business ‘bodyguards’.”

RE/Max NZ managing director Michael Davoren welcomed Mr Ha as a broker owner who matched the global brand’s core beliefs & values: “We are excited to have business owners & agents the calibre of Don & his team.

“Choosing RE/Max was a very serious decision for Don, and was based on the opportunity it will give him to take his business to a totally different level through international exposure and to forge ahead into new market places, both geographical & demographical.

“He sees an opportunity to build his business in many ways that may not have been possible with other big name real estate networks.”

For both men, the marrying of philosophies was just as evident. Mr Davoren said: “Don is in sync with Dave Liniger, who founded RE/Max in 1973. They both seek the innovative, entrepreneurial culture that gives agents independence & flexibility to grow their own thriving businesses, and he aligns with the RE/Max passion for the communities in which our agents live & work.”

Mr Davoren explained RE/Max’s commitment to pioneering technology, researching & implementing new ways of doing business more effectively & efficiently for its individual business owners: “In doing so, we meet the need of a constantly evolving real estate industry. Compared with other franchise groups, RE/Max has grown globally in a reasonably short time to a network of well over 115,000 agents, and is selling more real estate than anyone else. A significant concentration of that growth over recent years has been through the 18 regions to date that make up RE/Max Asia Pacific.

“We have grown because we are youthful & nimble, because we have been able to be receptive to innovation, technology & market concepts and, most importantly, because the RE/Max culture is modern, agile & appealing.”

5 November 2017:

PC Realty launched

A group of Auckland real estate agents incorporated a new agency, PC Realty Ltd, on 4 October. Its owners are Jonathan Polglase, Josh & Yolanda de Jong, Simon Aldridge, Rachael Collier & John Dorking of the Gardens Realty Group Ltd, & lawyer Grant Sai Cheung Kwok Sidnam. It’s fronted by former Bayleys agents Simon Aldridge & David Huang.

Link: PC Realty

Powell set to hold the Fed line

Incoming Fed chair Jay Powell.

Jay (Jerome) Powell, 64, will replace Janet Yellen as US Federal Reserve chair in February, assuming the Senate approves his nomination by President Trump. He became a Fed governor in 2012, filling an unexpired term, and was reappointed in 2014 for a term ending in January 2028.

Accepting the nomination, Mr Powell maintained the unreality of Fed policy, saying: “In the years since the global financial crisis ended, our economy has made substantial progress toward full recovery. By many measures we are close to full employment, and inflation has gradually moved up toward our target.

“Our financial system is without doubt far stronger & more resilient than it was before the crisis. Our banks have much higher capital & liquidity, are more aware of the risks they run, and are better able to manage those risks. While post-crisis improvements in regulation & supervision have helped us to achieve these gains, I will continue to work with my colleagues to ensure that the Federal Reserve remains vigilant & prepared to respond to changes in markets & evolving risks.”

London Telegraph economics correspondent Anna Isaac wrote last Tuesday: “In selecting Mr Powell, the president would have either moved away from his deregulation agenda or revealed that he believes the Fed will not have sufficient clout to impede its progress.”

Mr Powell comes from both government roles & Wall St. He graduated with an AB degree in politics from Princeton University in 1975 and followed up with a law degree from Georgetown University in 1979. At Georgetown, he was also editor-in-chief of the Georgetown Law Journal, and for the next 4 years he practised law.

In 1984 he became an investment banker at Dillon Read & Co, which later become part of UBS, and joined the US Treasury in 1990, first as an assistant secretary and later as an undersecretary. According to Bloomberg, he helped restructure bond auctions when Salomon Brothers went through its Treasury bond scandal.

In 1993, Mr Powell joined Bankers Trust as a managing director, but quit 2 years later after several of the bank’s customers suffered large losses due to derivatives, and he returned to Dillon Read.

In 1997, he joined private equity giant the Carlyle Group as a partner, founded the industry group within its US buyout fund and stayed with the group until 2005.

His next step was to found Severn Capital Partners, a private investment firm focused on specialty finance & opportunistic investments in the industrial sector. Then, in 2008, Mr Powell became a managing partner of the Global Environment Fund, a private equity & venture capital firm that investments in sustainable energy.

From 2010-12, Mr Powell was a visiting scholar at a Washington think tank, the Bipartisan Policy Centre, where he worked on getting Congress to raise the US debt ceiling.

Mr Powell was an assistant secretary and, as Undersecretary of the Treasury under President George Bush senior, had responsibility for policy on financial institutions, the Treasury debt market & related areas.

In addition to service on corporate boards, Mr Powell has served on the boards of charitable and educational institutions, including the Bendheim Centre for Finance at Princeton University and The Nature Conservancy of Washington DC & Maryland.

Top manager goes in Metro Glass restructure

Metro Performance Glass Ltd’s North Island general manager, Dean Brown, will leave the company with effect from 7 December to pursue other opportunities. Chief executive Nigel Rigby thanked Mr Brown for his contribution over the last 2½ years, and commented: “The company is focused on growing its management bench strength & execution capabilities, and as part of this promoted 3 managers to the New Zealand senior leadership team earlier this year. The North Island regional general manager position (Mr Brown’s role) will not be filled going forward, with these responsibilities being redistributed on a functional basis within the expanded senior leadership team.”

Before joining Metro Glass, Mr Brown was northern regional manager for Transpacific Industries Ltd for 4 years and Waste Management NZ Ltd’s upper North Island general manager for 2½ years.

He graduated from AUT (Auckland University of Technology) in 1992 with a sales & marketing diploma, followed that up with a diploma in business (new ventures) from Auckland University in 1997 and an MBA from Auckland University in 2007.

From 1996-2008, he was a business unit manager at Paykel Engineering Supplies, general manager of commercial furniture manufacturer & direct seller Bourneville Group, and finally NZ general manager for Heatcraft Worldwide Refrigeration.

Sunil Bhana.

1 November 2017:

Bayleys appoints Bhana as central & west industrial manager

Bayleys Real Estate has appointed Sunil Bhana as its industrial manager for central & west Auckland. Mr Bhana joined Bayleys in 2001 after completing BCom & BProp degrees at Auckland University, and initially focused on the Penrose & Mt Wellington industrial sales & leasing markets.

He’s continued to service the South Auckland Industrial market as he expanded his work into other commercial, industrial & special projects throughout New Zealand.

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On the move, October 2017

Rob McLeod joins Port of Tauranga board
Hawkins chief to chair Green Building Council
Key to replace Judge as ANZ Bank NZ chair
Trump’s first Fed nominee sworn in
Barlow quits Cigna & Methven boards to focus on Australian job
Steel & Tube names new distribution manager
Binns to join Auckland Airport board
Glassons replaces Humphries with 2 chiefs
Buchan appoints 3 associates
Steel & Tube distribution manager resigns
Steel & Tube adds another director
ASB chief executive signals departure
Council names 3 new directors of Ateed & Watercare

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

31 October 2017:

Rob McLeod joins Port of Tauranga board

Former Ernst & Young accountancy firm chair Rob McLeod joins the Port of Tauranga Ltd board today, replacing Quayside Holdings Ltd representative Michael Smith. Mr Smith, a Tauranga lawyer, chairs Quayside, which is 90% owned by the Bay of Plenty Regional Council, and has represented it on the Port board for 16 years.

Mr McLeod was appointed to the Quayside board last November. A tax specialist at Ernst & Young, he rose to become its New Zealand managing partner & later chair, Australasian managing partner and Oceania chief executive & managing partner. He’s a director of NZX-listed Sanford Ltd, is a former director of ANZ Bank NZ Ltd, Tainui Group Holdings Ltd, SkyCity Entertainment Group Ltd & Telecom Corp NZ Ltd, a former chair of Aotearoa Fisheries Ltd and the Sealord Group and a commissioner of the Waitangi Fisheries Commission. He’s also chaired the NZ Business Roundtable and was on the board of the NZ Initiative Ltd.

25 October 2017:

Hawkins chief to chair Green Building Council

Gary Walker.

Hawkins Construction Ltd executive general manager Gary Walker was elected as chair of the NZ Green Building Council last week, replacing Mary Jane Daly, who’s stayed on the board.

Mr Walker, from Scotland but now an Aucklander, has worked on major construction projects in New Zealand, Australia, the UK, Europe & Africa. He has over 30 years’ experience in the industry and is passionate about sustainability.

After the board meeting he said: “We have an opportunity now to create homes & workplaces that put people at their heart. New Zealanders should be living in dry, warm homes and working in efficient, productive, safe buildings. That’s the vision of the NZ Green Building Council, and I’m looking forward to doing all I can to help realise it.”

18 October 2017:

Key to replace Judge as ANZ Bank NZ chair

Sir John Key.

Former prime minister Sir John Key will take over from John Judge in January as chair of the ANZ Banking Group Ltd’s New Zealand board.

Mr Judge joined the board of ANZ Bank NZ Ltd in December 2008 and has been chair since June 2012. Sir John joined the board today.

Group chair David Gonski paid tribute to Mr Judge: “John Judge’s tenure has overseen significant change in the ANZ NZ business. The National Bank & ANZ brands & technology systems were successfully merged in 2012 and the business has grown significantly. ANZ NZ now has the biggest market share for home loans, deposits, credit cards & KiwiSaver, and is leading the way with digital services.”

Welcoming Sir John, Mr Gonski said: “Sir John Key’s strong international career in banking and his understanding of and contacts across the Asia-Pacific – where many Australian & New Zealand companies are increasingly trading – will add great value to the governance of ANZ.”

A Canterbury University graduate, Sir John started his career in banking & finance in New Zealand before heading overseas, where he became Merrill Lynch’s head of global foreign exchange. He was also made a member of the foreign exchange committee of the Federal Reserve Bank of New York. Sir John was the member of Parliament for Helensville from 2002 and prime minister from 2008-16, when he announced he would retire from politics. He was made a knight grand companion of the NZ Order of Merit in the 2017 Queen’s Birthday honours, and also received Australia’s highest honour this year, becoming a companion of the Order of Australia for advancing the Australia-New Zealand bilateral relationship.

15 October 2017:

Trump’s first Fed nominee sworn in

Randal Quarles.

US President Donald Trump’s first nominee as a Federal Reserve governor, Randal Quarles (60), was sworn in on Friday, a week after the Senate confirmed his nomination. He fills an unexpired term ending on 31 January 2018, and will also be vice-chair for supervision for a full 4 years from Friday.

His predecessor in the supervision chair, Daniel Tarullo, resigned in February, taking vacancies on the board to 3. Board chair Janet Yellen’s term as board chair ends on 3 February 2018. Her 14-year term as a board member runs until 31 January 2024.

Among the quirks of Fed appointments, Mr Quarles says he’s from Colorado, where he lived until he was 8, although he lives & has run businesses based in Utah. This matters, because Mrs Yellen represents the central bank’s 12th district, comprising 9 western states plus Hawaii and including Utah, and a rule introduced in 1913 precludes 2 people from the same region serving on the Fed board. Neighbouring state Colorado handily falls into the 10th district.

Mr Quarles’ formidable career spans government treasury, the IMF, private legal practice & corporate business.

He studied philosophy & economics at Columbia University and graduated from the Yale Law School in 1984 with a law degree.

He had jobs in the US Treasury from 1991-93, was US executive director of the International Monetary Fund for 9 months in 2001-02, and he was a Treasury under-secretary & assistant secretary from 2002-06, which included being policy chair of the US Committee on Foreign Investment.

He was first an associate, later a partner at Wall St law firm Davis, Polk & Wardwell LLP’s New York & London offices before & between Treasury jobs.

According to a Wikipedia entry, at the IMF Mr Quarles represented the US in negotiations over the IMF’s response to financial crises in Argentina & Turkey and on near-defaults in Brazil & Uruguay, and chaired the international working group that led to changes in the terms of sovereign debt finance that now permit collective action by creditors in such crises.

In addition, he initiated a regular dialogue with the European Union on financial regulation, represented the US at the Financial Stability Forum and negotiated the debt relief agreement for the world’s poorest countries reached at G7 meetings in 2005.

Mr Quarles was an executive at Washington-based private equity firm The Carlyle Group LP in 2008 when, according to a Reuters article in July, he was in a team that invested in banks hit by the global financial crisis – investments which Reuters said earned Carlyle hundreds of millions of dollars and wouldn’t have been possible without Government support.

Mr Trump has already appointed as commerce secretary Wilbur Ross, whose company invested alongside Carlyle in one of those bank bailouts.

Mr Quarles was at Carlyle for 6½ years before co-founding another private equity firm, The Cynosure Group LLC, in Salt Lake City in 2014.

Links:
Salt Lake Tribune, 3 October 2017: Why a federal nominee who lives and works in Utah insists that he’s from Colorado
Wikipedia entry
Reuters, 13 July 2017: Trump’s Fed nominee has history of benefiting from bailouts

13 October 2017:

Barlow quits Cigna & Methven boards to focus on Australian job

Norah Barlow.

Norah Barlow resigned on Wednesday as a director of Methven Ltd, effective at the close of the annual meeting to be held on 1 November. Mrs Barlow was appointed in January 2015 and took over as chair of the audit & risk committee in July 2015. But she was appointed chief executive & executive director of Australian aged-care company Estia Health Ltd in September 2016 and found it necessary to reduce her directorship commitments.

She also resigned from the board of Cigna Life Insurance NZ Ltd on 30 September.

Mrs Barlow was involved in New Zealand retirement village company Summerset Group Holdings Ltd from its inception in 1997 and led the company from 2001, taking it from a small family business to New Zealand’s third largest retirement village operator & second largest developer.

She retired as Summerset’s managing director & chief executive in April 2014, but stayed on its board for another 2 years.

She’s a chartered accountant, director of Evolve Education Group Ltd, a member of the National Advisory Council on the Employment of Women, was president of the Retirement Villages Association (NZ) for 7 years and made an Officer of the NZ Order of Merit for services to business in 2014.

11 October 2017:

Steel & Tube names new distribution manager

Marc Hainen.

Steel & Tube Holdings Ltd has appointed Marc Hainen as distribution general manager based in Auckland. The new position combines distribution with the marketing general manager’s position. Former distribution general manager, Phil Abraham, resigned last week.

Interim chief executive Mark Malpass said the company expected the combined role to lead to a closer connection with customers, and also cost savings, reducing corporate overheads.

Mr Malpass said: “Marc brings significant experience in the steel & construction industry in New Zealand. He has an outstanding breadth & depth of experience in sales & marketing management, operations & manufacturing as well as logistics & supply chain.”

Mr Hainen has held a variety of management & leadership roles in New Zealand, Australia & the UK over the last 20 years, including multiple roles leading a variety of divisions at Fletcher Building Ltd. Those roles have included general manager of steel distribution with Fletcher Easysteel/REO/Cyclone wire, Tradelink’s general manager of Australian distribution operations, sales & marketing, and Firth Industries’ chief operating officer for the north & regional manager for the south.

More recently, Mr Hainen was Metecno Pty Ltd’s (trading as Bondor Australia) general manager for Queensland & the Northern Territory, based in Brisbane. It’s Australia’s largest manufacturer & installer of insulated panel. Mr Hainen holds a bachelor of business degree from Massey University and a post-graduate diploma in business from Auckland University.

Mr Malpass said he was very confident that Mr Hainen’s strong people skills & experiences, in particular the transformation of the Fletcher Easysteel/REO/Cyclone wire business under his watch, would add significant value to Steel & Tube’s business.

Mr Hainen will relocate from Australia in the first week of November.

Binns to join Auckland Airport board

Mark Binns.

Auckland International Airport Ltd said on Monday Mark Binns would join its board on 1 April 2018. His appointment would go to the subsequent annual meeting for approval.

Mr Binns will fill a vacancy created by Michelle Guthrie’s decision to step down as a director on 31 March 2018 to focus on her role as managing director of the Australian Broadcasting Corp. Auckland Airport chair Sir Henry van der Heyden said Ms Guthrie had contributed knowledge & experience in relation to digital channels & Asian market development in her 4 years on the board.

“Mark’s successful career, including at Fletcher Building, has seen him closely involved in many of New Zealand’s largest infrastructure projects. He also brings to this governance role the experience of being a chief executive at Meridian Energy.”

Mr Binns’ first job after graduating from Auckland University with a law degree was as a lawyer at Simpson Grierson in Auckland, where he became a partner before moving in 1989 to his first role at the Fletcher Challenge Group, as general manager of Challenge Properties Ltd. In 1992 he moved to Fletcher Construction as general manager for New Zealand & the South Pacific, and he headed Fletcher Building’s Christchurch rebuild team immediately after the 2011 earthquakes.

He quit the Fletcher Building group at the end of 2011, when he was considered a likely contender for group chief executive, but missed out when laminates & panels division chief executive Mark Adamson was appointed to the top job.

Mr Binns said in June he’d retire as chief executive of Meridian Energy Ltd in December, after 5 years there. Retirement village developer & operator Metlifecare Ltd appointed him as an independent director in July, effective 1 August.

On the airport role, he said: “Auckland Airport is focused on delivering one of New Zealand’s most exciting infrastructure investment programmes. It is well on its way to implementing a 30-year vision and providing the infrastructure needed to accommodate the increasing number of passengers & aircraft using the airport.”

9 October 2017:

Glassons replaces Humphries with 2 chiefs

April Pokaia.

Hallenstein Glasson Holdings Ltd has decided to replace the departed Glassons chief executive, Di Humphries, with 2 people, one each for New Zealand & Australia reporting directly to the group chief executive.

Group chief executive Mark Goddard said on Friday the company had appointed April Pokaia as chief executive of Glassons NZ, effective 1 December. She spent 13 years at Glassons before leaving last year, when she was retail operations general manager, to go to Cotton On NZ as NZ brand manager.

James Glasson, general manager of Glassons Australia, has been promoted to chief executive there, effective immediately. Mr Glasson left Canterbury University in 2007 with a BA majoring in arts history and graduated from Reading University in the UK 2 years later with an MSc majoring in real estate. He followed that up in 2012 with an MA in fashion retail from the London College of Fashion, and also worked at CBRE in London for 2 years as a surveyor before joining Glassons Ltd in Australia in 2012 as brand manager. He’s been general manager there since April last year.

4 October 2017:

Buchan appoints 3 associates

The Buchan Group has appointed 3 of its Auckland staff as associates – Nicola Palmer, Craig Hopkins & Matt Munn.

Nicola Palmer.

Senior architect Nicola Palmer has come from a comprehensive retail background after 10 years at Westfield & the Scentre Group. She began her career in residential architecture as a graduate with her own company in the Bay of Plenty, moving back to Auckland to work at Hames Sharley & Ignite Architects.

Much of her work has been on mixed use town centre planning.

Craig Hopkins.

Senior technician Craig Hopkins joined Buchan in 2014. He graduated from Unitec in 2005 with a diploma in architectural technology, joined Chester Consultants Ltd for a year and moved to Beca Ltd for 8 years. He said he was deeply influenced by the kiwi No 8 wire philosophy of “innovation, integration & anything can be achieved. Nowadays, his main interests are in large, complex retail & commercial projects in which there’s a high level of public use & integration.

Matt Munn.

Senior technician Matt Munn joined Buchan in June last year after 19 years at Foodstuffs North Island Ltd, where he was senior project designer. He graduated from New Plymouth Polytech in 1998 with an electrical engineer’s certificate and Unitec in 2003 with a certificate in architectural design, and has spent a total 25 years in supermarket construction, including some work in the UK and, most recently, on Fresh & Save, a new & innovative supermarket brand to Australia & many Foodstuffs-branded supermarkets in New Zealand.

“My experiences mean I’m always exploring the spatial requirements to satisfy the customer experience & operational complexities. I love the complexities of supermarket design,” he said.

Steel & Tube distribution manager resigns

Steel & Tube Holdings Ltd said on Monday its distribution general manager, Phil Abraham, had resigned.

Interim chief executive Mark Malpass said the company had been considering the consolidation of the group marketing function with distribution for some time: “We have now decided to progress this move as it is expected to lead to a closer connection with our customers in each of the channels that we operate.”

Mr Abraham decided not to be considered for the new role, but will stay until the end of November to complete an orderly handover.

He joined Steel & Tube in June 2015 after roles as chief executive of the Save the Children Fund, Repco retail general mnager, Kiwibank retail transformation programme property lead & Lotteries Commission national retail manager.

Steel & Tube adds another director

Chris Ellis.

Steel & Tube Holdings also announced the appointment of another new director, Chris Ellis, on Monday. His background spans the building supply, manufacturing, heavy construction & engineering sectors.

Steel & Tube chair Susan Paterson said: “This is a further move in the board refresh signalled to shareholders by the company last year and follows the announcement of the appointment of Steve Reindler to the board, also effective 1 October.

Mr Ellis was chief executive of Brightwater Group and a senior executive in Fletcher Building Ltd for 22 years, including chief executive of its building products division, general manager of Winstone Aggregates and Fletcher Construction’s engineering division, and a project manager at Brian Perry Ltd.

He’s chaired Hiway Group Ltd since early 2014, is a director of WorkSafe NZ, the NZ Transport Agency & Horizon Energy Ltd and previously chaired EnergyWorks Holdings Ltd.

He has a bachelor of engineering degree from Canterbury University and a master’s degree in engineering science & management from Stanford University in California. He was inaugural chair of the NZ Business Leaders’ Health & Safety Forum.

ASB chief executive signals departure

Barbara Chapman.

ASB Bank Ltd chief executive Barbara Chapman said on Monday she would retire at Easter 2018 from the job she took on in April 2011.

ASB chair Gavin Walker said she’d leave a lasting legacy: “Barbara’s decision to retire caps a remarkable career of continuous service to ASB and the Commonwealth Bank Group more broadly. She has been a passionate & effective chief executive for ASB & its people, successfully leading the organisation through a period of unprecedented change & market disruption.

“During her tenure, ASB has continued to transform into a digitally focused organisation with a renewed commitment to delivering unbeatable customer experiences across all its channels. She has played a key role in growing ASB’s annual profits from $568 million in 2011 to more than $1 billion in the most recent financial year-end. The board, and Commonwealth Bank Australia as shareholder, are grateful for Barbara’s leadership & dedication to ASB’s long-term success.

“She has built an outstanding leadership team that will continue to seamlessly execute the bank’s strategy to achieve its goals & vision.”

Ms Chapman began her career with the Commonwealth Bank Group in 1994 and has held senior executive roles responsible for marketing, communications, human resources, retail banking & executive leadership in New Zealand & Australia.
She has also chaired Oxfam NZ and been a director of Oxfam International, was an inaugural trustee of the NZ Equal Employment Opportunities Trust and chaired it for several years and is an inaugural member of the “25 Percent Group”, which aims to increase diversity at senior management levels & within New Zealand boardrooms.

2 October 2017:

Council names 3 new directors of Ateed & Watercare

Auckland Council announced the appointment of 3 directors for 2 of its council-controlled organisations on Friday

Evan Davies & Glenys Coughlan to the board of Ateed (Auckland Tourism, Events & Economic Development Ltd) and former Cabinet minister Annette King to the board of Watercare Services Ltd.

The council’s appointments & performance review committee approved the appointments at its 25 September meeting.

Mayor Phil Goff said the trio brought significant expertise to the respective operations. All 3 will start in their roles on 1 November. 

Annette King entered Parliament in 1984. She has 31 years’ senior governance experience and was a Cabinet minister for 10 years from 1989-90 & 1999-08, holding portfolios including Justice, Transport, Police and Health, and deputy leader of the Opposition from 2008 until early this year.

Evan Davies is the managing director of Todd Property Group Ltd, a director of council business Panuku Development Auckland & chair of its capital investment committee, and chair of the Christchurch Hospital Redevelopment Partnership Group.

He’s also a trustee of the Melanesian Mission Trust Board and Anglican Trust for Women & Children. Previously Mr Davies was managing director of SkyCity Entertainment Group Ltd & general manager of Brierley Properties Ltd.

Glenys Coughlan is deputy chair of Outward Bound NZ & chair of the PATA NZ Trust (annual young tourism awards originally related to the Pacific Asia Travel Association). She has a strong governance background with previous roles as chair of Positively Wellington Tourism, as well as a director of Tourism NZ.

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On the move, September 2017

Retief moves to AMP Capital
Opteon acquisition of Sheldon’s complete
Real Estate Institute replaces 2 directors, seeks new regional nominees
Beilby joins Property Managers Group board
Daly moves from Fletcher to BNZ communications
McGregor takes on new role as executive chair at CBRE
Ellison to replace Warburton as Auckland Transport chief executive
Powell to replace Perry on Kiwi Property board
Construkt opens office overlooking Queenstown
Malpass replaces Taylor short-term at Steel & Tube
Steel & Tube chief out
Harrison Grierson appoints Queenstown manager
Humphries exits Glassons again
Obama appointee leaves Fed early
Ahearne takes over from Mortensen at SkyCity
Johnson heads JLL valuation

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

28 September 2017:

Retief moves to AMP Capital

Karl Retief.

After 17½ years with Kiwi Property Group Ltd, Karl Retief has moved to AMP Capital Investors (NZ) Ltd as divisional property manager for New Zealand.

Mr Retief began with Kiwi Property in 2000 and was responsible for the management and operational aspects of the company’s retail portfolio.

Before that, he was a divisional administration manager for South African clothing retailer Truworths Ltd for 15 years, and joined Farmers Deka Ltd for his first 2 years in New Zealand. He has an MBA degree in international business, trade & commerce from Southern Cross University in Australia.

27 September 2017:

Opteon acquisition of Sheldon’s complete

Australian valuation company Opteon has completed its acquisition of Auckland-based Sheldon & Partners Ltd, which became Opteon NZ Ltd in June. The local parent, Opteon NZ Holdings Ltd, was incorporated in August and is owned by Opteon Group Holdings Ltd, of Melbourne.

As Sheldon’s, the company had 6 directors & 7 shareholders. Local directors were reduced to 2 on the arrival of Opteon, and their resignation was filed at the Companies Office yesterday. Opteon initially took a 60% stake in the New Zealand company and that was increased to 100% in yesterday’s filing.

Sheldon’s has been in business since 1974.

Opteon also bought Tauranga-based Landmass Technology Ltd in 2015, and its name was changed to Opteon Technologies Ltd in June.

The New Zealand team is now headed by Tony McEwan, Jessie Jiang & Mike McLean.

Link: Opteon NZ

Real Estate Institute replaces 2 directors, seeks new regional nominees

2 independent directors of the Real Estate Institute, Richard Janes & Stephen Titter, will retire in November and the institute’s independent selection panel, representing industry bodies, has appointed 2 new independent directors, Miriam Dean QC & David McConnell.

Institute chair Dame Rosanne Meo said yesterday: “Richard is an extremely experienced professional company director and his contribution to the institute &d to its board has been enormous. Over those 7 years he has provided an invaluable leadership to the organisation and he will be greatly missed for his insightfulness, his breadth of knowledge & his wisdom.

“Stephen has been with the board for 3 years and has been chair of the audit & risk committee for most of his time with the institute. His professionalism & critical insights have been instrumental in helping to strengthen the financial robustness of the institute.”

Miriam Dean QC.

Ms Dean’s 36-year legal career has been most notable for her advocacy of mediation & arbitration for commercial dispute resolution. She also has 20 years’ governance experience across a diverse range of boards. She was made a Queen’s Counsel in 2004 and a Companion of the NZ Order of Merit in 2011 for services to law & business.

She chairs the Banking Ombudsman Scheme & NZ on Air, is a director of Otakaro Ltd (the company set up to deliver Crown-led anchor projects in Christchurch) & Crown Infrastructure Partners Ltd, and is a trustee of the Royal NZ Ballet board. Previous roles include deputy chair of Auckland Council Investments Ltd, president of the NZ Bar Association, director of the Auckland Transition Agency, a member of the Government Electricity Review and deputy chair of the Commerce Commission.

Ms Dean graduated from Auckland University with an LlB (Hons) in 1981 and from Harvard University with an LlM in 1983.

David McConnell.

Mr McConnell, a director of various McConnell family property-related companies and, until this year’s takeover by Downer EDI Ltd, of Hawkins Construction Ltd. He chairs Auckland Council company Ateed (Auckland Tourism, Events & Economic Development Ltd) & the Auckland University Business School advisory board.

He received the Sir Peter Blake emerging leadership award in 2006 and, in 2008, an Eisenhower fellowship. He has a bachelor of engineering (Hons) degree from Canterbury University & an MBA from the Kellogg School of Management, Northwestern University, Chicago.

The Real Estate Institute is also seeking nominations for 3 regional director positions on the board for region 1 (Northland, Auckland & the Coromandel) currently held by Wendy Alexander, region 3 (Hawke’s Bay, Manawatu/Wanganui, Taranaki & Wellington) currently held by Mark Coffey, and region 5 (Otago, Southland & Central Otago Lakes) currently held by Gail Hudson. Regional directors elected in these regions will serve for a 2-year period.

Under the institute’s rules, the election & appointment process of appointed & regional directors would usually run in tandem. However, with some overseas commitments of the appointments panel, the appointment process was run early.

Beilby joins Property Managers Group board

Property & funds manager Property Managers Group has appointed Dr Wayne Beilby as an independent director.

Dr Beilby, of Tauranga, has extensive management & governance experience in financial services in New Zealand & throughout Asia & the Pacific. He was in Tower Insurance’s executive leadership team for 15 years, including being chief executive of Tower in Papua New Guinea, and set up his own consultancy, Pacific Advisory Group (NZ) Ltd, in June. It advises in a number of areas, including governance and risk & asset management. He has a doctorate in corporate governance from Southern Cross University in Australia.

A lawyer by profession, Dr Beilby has provided legal & governance advice to companies in New Zealand & overseas, and to some of New Zealand’s largest Maori incorporations & trusts.

Property Managers Group chief executive Scott McKenzie said the group had grown in the last 18 months through a number of large capital raisings & property acquisitions, in a sector which had become increasingly regulated. The group manages property portfolios on behalf of investors through Pacific Property Fund Ltd & various PMG funds.

21 September 2017:

Daly moves from Fletcher to BNZ communications

Kate Daly

Fletcher Building Ltd’s chief people & communications officer, Kate Daly, has resigned to join the Bank of NZ as director of people & communications.

Fletcher Building interim chief executive Francisco Irazusta said today: “Kate joined Fletcher Building as the group general manager of human resources in June 2011, and since then has built a strong human resources function focused on leadership, talent, diversity, capability & building a highly engaged & high performing workforce.

“The leadership & diversity programmes developed under her leadership have been recognised both internationally & domestically. After 6 years at Fletcher Building, we understand her desire to explore new challenges.”

McGregor takes on new role as executive chair at CBRE

Brent McGregor.

CBRE’s senior managing director for New Zealand, Brent McGregor, has accepted a newly created role as country executive chair.

CBRE’s president & chief executive for the Pacific, Ray Pittman, said yesterday: “This will allow Brent to move away from the day-to-day operational aspects of running the New Zealand business to focus on further strengthening our client relationships and continuing to build our capital markets platform & company revenues.

“Under Brent’s guidance as senior managing director, our New Zealand business has almost doubled in size and I’d like to take this opportunity to thank Brent for his strategic leadership, which has been a major driver of growth for us over the past 7½ years.

“His influence has extended well beyond the management of the New Zealand business, with Brent also being a major contributor within our capital market sales team, transacting over $2 billion in assets during his tenure so far.

“Brent will continue to lead the business in a transitional capacity ahead of us announcing a new senior managing director, and he will officially commence in his new role on 1 January 2018.”

Mr McGregor took over as NZ senior managing director in March 2010 after 3½ years in the agency’s Australian valuations & advisory division, based in Sydney, where he rose to the position of regional director.

He has a BCom & MProp in valuation & property management from Lincoln University and began his career with a 5-year stint in real estate advisory & team management at Ernst & Young.

Ellison to replace Warburton as Auckland Transport chief executive

Shane Ellison.

Auckland Transport has appointed Shane Ellison as its new chief executive, replacing David Warburton. Mr Ellison will join Auckland Transport on 11 December for a handover from Mr Warburton.

Mr Ellison has spent most of the last 20 years overseas in senior leadership roles in the transport & infrastructure sectors, but has whakapapa links to the iwi of Ngai Tahu & Te Ati Awa.

Since 2011, he’s held senior executive roles of increasing responsibility in Transdev Australasia, including being the senior executive responsible for the delivery of Transdev’s ferry, bus & light rail operations in New South Wales & Queensland.

Before 2011, Mr Ellison was based at Transdev in Paris, where he was responsible for global corporate development & innovation, playing a key leadership role in large transport infrastructure projects in North America, Europe, the Middle East & Australia.

Transdev operates Auckland’s passenger rail service. Paris-based Transdev Group SA is a subsidiary of the French Government’s financial institution, the Caisse des Dépôts Group.

Auckland Transport chair Lester Levy said yesterday: “What particularly impressed the selection panel was Shane’s leadership capacity, innovative mindset, mix of operational experience coupled with a deep understanding of transformative change & the importance of putting the customer at the heart of everything we do.

“In a first, Shane was selected in an exemplar of a collaborative approach between a council-controlled organisation & the mayor, with the mayor, Auckland Transport deputy chair Wayne Donnelly & myself fully involved in the selection process from the outset. Pippa Coom (chair of the Waitemata Local Board) & Renata Blair (member of the Independent Maori Statutory Board) were both involved in the final selection panel.

Mayor Phil Goff said: “Mr Ellison was unanimously selected by both the panel & the Auckland Transport board for this role. It is good to have a returning Kiwi who will bring years of overseas experience to Auckland Transport as well as familiarity with our city & culture.

“Auckland is facing rapid changes in the transport space and I am confident that Mr Ellison will work with the council to implement a transport strategy focused not only on reducing congestion but also on better public transport that is responsive to the needs of this city.”

Mr Ellison said: “Being part of that, and part of an organisation that can help to shape & influence that change is incredibly exciting.”

He said he would place a particular emphasis on organisational strategy, innovation & customer focus.

Dr Levy confirmed the remuneration for Mr Ellison at $575,000/year, significantly less than equivalent positions in the private sector and well within the remuneration band for the role. The remuneration does not have a bonus scheme attached to it.

Mr Goff commented: “I am pleased that the Auckland Transport board has been responsive to my request for fiscal prudence in setting a lower remuneration, which can be difficult when you are competing in an international market for the best person.”

Both Mr Goff & Dr Levy acknowledged David Warburton’s contribution as the organisation’s founding chief executive. Dr Levy said: “During David’s time he has brought multiple legacy organisations into a single united organisation that has delivered many significant projects of world-class scale & complexity. But his true legacy is leaving behind an organisation with a culture & capability that is well positioned to meet the many transport challenges Auckland faces into the future.”

20 September 2017:

Powell to replace Perry on Kiwi Property board

Kiwi Property Group Ltd has appointed former Warehouse Group Ltd chief executive Mark Powell as a director, starting on 1 October.

He replaces Joanna Perry, who will step down on 30 September after almost 11 years on the board.

Mr Powell worked in the mining industry before developing a successful career as an executive leader in retail, wholesale & logistics services in New Zealand, North America, the UK, Spain & Australia.

Since finishing at The Warehouse in January 2016, he’s taken up directorships with ASX-listed Australasian retailer JB Hi-Fi Ltd, Stihl Shop NZ and not-for-profit charitable organisations. He was an advisor to the board of The Good Guys Australia before the company’s acquisition by JB Hi-Fi in November 2016. He is also non-executive ‘chief executive in residence’ at Massey Business School.

Mary Jane Daly, will replace Ms Perry as chair of the audit & risk committee and Mr Powell will join that committee.

Construkt opens office overlooking Queenstown

Shimmer Lake, Construkt’s new Queenstown office.

Construkt Architects Ltd (David Gibbs) has opened its Queenstown office, which is more than your average downtown workspace. The purpose-built space, named Shimmer Lake, looks across to Queenstown from Kelvin Heights.

Construkt’s Queenstown address is a purpose-built space that serves as an office, corporate meeting venue & home. The design integrates remnants of an existing 1980s house with innovative & simple features. The ground floor & a precast concrete upper ground floor is all that is left of the former house.

Director David Gibbs wrote in the company’s latest client newsletter: “We’re taking our considerable knowledge & expertise in medium density design to Queenstown. Our purpose-built space, Shimmer Lake, is officially open for business and we’re delighted to have a presence on the ground in the beautiful resort town. We’re looking forward to helping Queenstown tackle its own challenges with housing supply & affordability, struggling infrastructure and urban planning.

“Construkt has a strong track record in medium density design and has been a leading advocate for intensification in Auckland.”

Mr Gibbs has been a vocal proponent of creating a compact city to address the housing crisis. He led the Institute of Architects’ & Urban Design Forum’s participation in the Auckland unitary plan, an aid to reshaping the city.

14 September 2017:

Malpass replaces Taylor short-term at Steel & Tube

Mark Malpass.

Steel & Tube Holdings Ltd director Mark Malpass will step down from the board to take over from Dave Taylor as interim chief executive from Monday 25 September.

Mr Taylor announced his resignation yesterday, effective 22 September, to pursue other interests after 8 years in the job. Steel & Tube chair Susan Paterson said Mr Taylor’s resignation came after he’d “created a great portfolio of businesses and setting the foundations for future growth”.

Ms Paterson, appointed a director at the end of last year and replacing Sir John Anderson as chair in January, said Mr Malpass, appointed a director in March, had “broad commercial skills & industry knowledge, specifically within the steel sector. He has made a strong contribution since joining the Steel & Tube board, and has also been part of Steel & Tube’s recent strategy update.”

Mr Malpass has had executive experience both in New Zealand & overseas. He worked with ExxonMobil Corp for 19 years and was chief executive of Fletcher Building Ltd’s largest division, infrastructure products, which included transforming its steel distribution businesses.

13 September 2017:

Steel & Tube chief out

Steel & Tube Holdings Ltd chief executive Dave Taylor will step down on Friday 22 September from the position he’s held since October 2009.

Chair Susan Paterson said today the board thanked Mr Taylor for his long & significant contribution to the company, and wished him well for the future.

Ms Paterson said: “The board has begun the process of appointing a new chief executive. Interim arrangements are currently being finalised and will be announced shortly.”

Mr Taylor said he was extremely proud of the Steel & Tube team and it had been a privilege to work with so many great people to transform the company. “Now is the right time to step down to enable me to focus on other interests.”

Ms Paterson took over as chair from Sir John Anderson in January, and said last month a number of external & internal factors took the final result for the year to June below the high expectations the company had set for itself.

Earlier story, 21 August 2017: Steel & Tube performance dissatisfies new chair

Harrison Grierson appoints Queenstown manager

Alistair Snow.

Engineering & design consultancy Harrison Grierson Consultants Ltd has appointed Alistair Snow as its buildings general manager in Queenstown.

A civil engineer, Mr Snow has 25 years’ experience in multidisciplinary consultancy & project management, delivering an extensive range of projects in the Pacific Islands, Hong Kong, Taiwan, Africa & the Middle East, and across the public sector, infrastructure, tourism, hospitality, commercial, retail, residential & telecommunications sectors.

His appointment creates a permanent base for Harrison Grierson in Queenstown.

Mr Snow most recently provided independent management services to the Queenstown Lakes District Council. He managed Beca Ltd’s South Island project & cost management team for 4 years and was group manager for GHD’s property & buildings group in Qatar for 7 years.

9 September 2017:

Humphries exits Glassons again

Di Humphries has resigned again as chief executive of Glassons, effective at the end of this month. Glassons is the women’s side of Hallenstein Glasson Holdings Ltd’s 2 clothing retail businesses.

Group chief executive Mark Goddard told the NZX yesterday: “Di rejoined the company in April 2016 with a specific mandate to lead a key transformational change, build an effective management team and restore profitability. Having substantially achieved those objectives, Di has now resigned to pursue other interests & projects.”

She previously left Glassons in 2012, after 2 years in the job, moving to Pumpkin Patch Ltd as its merchandise & brand director. She was later its chief executive for 2 years, leaving several months before its decline into receivership.

7 September 2017:

Obama appointee leaves Fed early

An Obama appointee on the US Federal Reserve board of governors, Stanley Fischer, is retiring early, although he’s 73. His departure gives President Trump his first opportunity to reshape the US central bank.

Dr Fischer submitted his resignation on Wednesday as vice-chairman and as a member of the board of governors, effective on or around 13 October.

President Barack Obama appointed him to the board in May 2014 to take up an unexpired term ending on 31 January 2020. His term as vice-chairman expires on 12 June 2018.

Dr Fischer was born in Lusaka, Zambia, has BSc & MSc degrees in economics from the London School of Economics and his PhD in economics from the Massachusetts Institute of Technology.

After a start as an assistant professor of economics & postdoctoral fellow at the University of Chicago, he has had a meteoric career – an associate professor at the Massachusetts Institute of Technology from 1973-77, professor from 1977-99, fitted in being chief economist of the World Bank 1988-90, first deputy managing director of the International Monetary Fund 1994-2001, vice-chair of Citigroup 2002-05, governor of the Bank of Israel 2005-13.

Earlier story, 11 January 2016: Fed deputy mulls over interest rates & tools for better regulation

5 September 2017:

Ahearne takes over from Mortensen at SkyCity

Michael Ahearne.

SkyCity Entertainment Group Ltd said today its group chief operating officer, John Mortensen, would retire on 31 December and be replaced by Michael Ahearne.

Mr Mortensen joined SkyCity as general manager of SkyCity Auckland in June 2013 and was appointed chief operating officer for New Zealand in January 2015. He was appointed interim chief executive in April 2016 and, following the arrival of new chief executive Graeme Stephens, moved into the newly created group chief operating officer role in April this year.

Mr Ahearne will join SkyCity from sports betting & gaming company Paddy Power Betfair plc, where he’s held a number of senior operational & product leadership roles within the European business based in Dublin. Before that, he worked in the Australasian gaming & entertainment sector for 13 years – 10 years at the Star Casino, Sydney, where he held a variety of senior management positions including chief operating officer and, following that, 3 years as chief operating officer for Aristocrat in Australia & New Zealand. Mr Ahearne is a qualified accountant and holds a master of business administration degree from the University of Technology, Sydney.

As SkyCity’s group chief operating officer, Mr Ahearne will have direct responsibility for its flagship property in Auckland and play a key role across the Ggroup’s other 5 properties in New Zealand & Australia.

3 September 2017:

Johnson heads JLL valuation

Ben Johnson.

Ben Johnson has rejoined JLL as a director of valuation & advisory services after 5 years as Westpac NZ Ltd’s senior manager of property risk.

He led the bank’s risk response to the Canterbury earthquakes & property-based lending, and co-developed a low cost risk management system to identify riskier properties and streamline straightforward lending. That led to 20% growth within low risk areas, while ensuring appropriate support was focused on areas of most damage.

Before his stint at Westpac, Mr Johnson was a commercial valuer at JLL for 5 years, specialising in office, retail, development & lessor/lessee interests in the Auckland cbd & fringe.

He developed & rolled out a standardised commercial valuation calculation model now used by all JLL offices in New Zealand & Australia.

During 2 years based in London, he worked as a retail surveyor for Capital & Regional plc, which specialises in owning & managing shopping centres & leisure assets.

Mr Johnson is an associate of the Institute of Valuers and a senior member of the Property Institute. He graduated from Auckland University with a bachelor of property degree in 2000.

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On the move, August 2017

Third new director for Steel & Tube
Corrections executive named Reserve Bank assistant governor
Kiwi Property hires strategy manager
Retief leaves Kiwi Property
Kelley to replace McNaughton at Vicinity
AMP Capital fills 3 top real estate seats as it proclaims momentum continuing
Ratcliffe replaces Meltzer on Housing NZ Corp board
Kidd takes over NAI Harcourts management
2 architects join Construkt
Coburn to head both West Auckland & site sales for Colliers
Pritchard to leave Steel & Tube board in November
Sydney-based chair takes over at Millennium & CDL

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

29 August 2017:

Third new director for Steel & Tube

Steve Reindler.

NZX-listed Steel & Tube Holdings Ltd made its third new board appointment in a year today – Steve Reindler, a professional director with a background in largescale infrastructure & heavy industry manufacturing. He’ll join the board on 1 October.

The company signalled its intention to refresh the board last year. Susan Paterson was the first of the new directors, appointed to the board in December and replacing Sir John Anderson in the chair in January. Mark Malpass joined the board on 1 March.

The new appointee, Steve Reindler, is a qualified mechanical engineer (BE Hons from Auckland University) and has completed an advanced management programme at Harvard Business School.

He was engineering general manager at Auckland International Airport for 11 years, and worked in a number of roles at NZ Steel Ltd & BHP Steel for 22 years before that. For the last 8 years he’s had his own consultancy, ReindlerCo Ltd, along with governance roles as a director of Meridian Energy Ltd, Naylor Love Ltd, Broome International Airport Group, Yachting NZ, Z Energy Ltd & WorkSafe NZ, and as chair of Waste Disposal Services, an unincorporated joint venture between Auckland Council & Waste Management NZ Ltd.

He was previously a director of the Port of Napier Ltd & Stevenson Group Ltd, an advisory director of Glidepath Ltd, a member of the Transfield Services Ltd advisory board, and he’s a former president of the Institute of Professional Engineers NZ.

Steel & Tube chair Susan Paterson said she was delighted a director with Steve’s breadth of management & governance experience was joining the board: “With Dean Pritchard retiring at our annual meeting, we are pleased to be bringing in a new director with deep steel, supply chain & construction industry experience.”

Corrections executive named Reserve Bank assistant governor

Sean Mills.

The Reserve Bank has appointed Department of Corrections chief information officer Sean Mills as the bank’s assistant governor & head of operations, starting 29 November.

He’ll replace deputy governor Geoff Bascand in these 2 roles. Mr Bascand will take up the role of head of financial stability on 27 September, when Grant Spencer becomes acting governor for 6 months.

Bank governor Graeme Wheeler said today: “Mr Mills is an experienced senior leader & business governance chair, has worked on a number of cross-government strategic initiatives and has over 15 years’ experience in the finance sector.”

Mr Mills was at Corrections for 13 months after 2 years as the Ministry of Social Development’s head of IT service delivery & 8 years as the ministry’s senior infrastructure management manager. From 1996–2006, he held several senior IT management roles at the ANZ Bank.

18 August 2017:

Kiwi Property hires strategy manager

Kiwi Property Group Ltd has appointed Rebecca Oliphant to the new position of strategy manager, starting 28 August.

Chief executive Chris Gudgeon said yesterday she would lead the development & implementation of Kiwi Property’s strategy, from both corporate & property investment perspectives.

“Rebecca will be joining our executive leadership team in this newly created position, and we look forward to benefiting from both her considerable strategy development experience and her leadership capabilities.”

Ms Oliphant has been the Bank of NZ’s institutional banking head of strategy & business development for 4 years, following 7 years as a director in the executive office of the Royal Bank of Scotland in London. She was also an associate & associate director of ABN Amro Bank NV for the first 2½ of those years, after a year as an analyst at Deloitte NZ and 2 years as a BNZ analyst in Wellington.

Ms Oliphant holds bachelor of arts and bachelor of commerce & administration degrees from Victoria University of Wellington and is a member of the Institute of Directors.

15 August 2017:

Retief leaves Kiwi Property

Karl Retief.

Kiwi Property Group Ltd’s retail portfolio general manager, Karl Retief, has resigned after 17 years with the company and will leave in September.

Mr Retief began with Kiwi Property in 2000 and is responsible for the management and operational aspects of the Company’s retail portfolio.

Chief executive Chris Gudgeon said Mr Retief had helped forge “what is today a high quality, experienced & committed retail team focused on creating exceptional experiences for our customers & tenants”.

Mr Retief was a divisional administration manager for South African clothing retailer Truworths Ltd for 15 years, and joined Farmers Deka Ltd for his first 2 years in New Zealand. He has an MBA degree in international business, trade & commerce from Southern Cross University in Australia.

Kelley to replace McNaughton at Vicinity

Grant Kelley.

Australian mall owner Vicinity Centres Group has appointed Grant Kelley as its new chief executive & managing director, replacing Angus McNaughton, who announced his intention to retire effective 31 December.

Vicinity Centres chair Peter Hay said on Friday: “Grant will bring to Vicinity a strong strategic & analytical perspective on the changes occurring in the property industry globally. Grant’s proven capacity to manage & adapt to change will be imperative at a time of significant evolution across the Australian retail landscape.”

Mr Kelley began his career in 1989 at Booz Allen & Hamilton, advising chief executives of major listed companies in the financial services, natural resources & healthcare sectors, and has 25 years’ global experience in real estate investment, corporate strategy, funds management & private equity.

From 2002-04, he was based in New York, where he was a principal at Colony Capital LLC with responsibility for the identification of US & European investment opportunities. From 2004-08, he was chief executive of Colony Capital Asia.

In 2008, Mr Kelley founded Holdfast Capital Ltd, an Asia-based real estate investment firm, which Apollo Global Management LLC acquired in 2010. Mr Kelley became Apollo’s Asia Pacific co-head and also led its real estate investment activities in the region.

He was appointed to his most recent position as chief executive of City Development Ltd in 2014. CDL is the founding business of the Hong Leong Group of Singapore, whose other interests include majority stakes in 2 NZX-listed companies, CDL Investments NZ Ltd and Millennium & Copthorne Hotels NZ Ltd.

Mr Kelley also bought a majority stake in the Adelaide 36ers basketball franchise last December and took full ownership this year.

He holds an LlB degree from Adelaide University, a master’s degree in international relations from the London School of Economics, and an MBA from the Harvard Business School. He is a council member of the Asia Society Policy Institute.

His starting salary at Vicinity will be $A1.5 million/year including superannuation, plus a sign-on grant of shares with a maximum face value of $A2 million, and eligibility for short-term & long-term incentive packages.

Mr McNaughton, who spent 14 years at Kiwi Income Property Trust, 6 as chief executive of its management company, was appointed chief executive of the $A22 billion Vicinity Centres Group in August 2015 after losing out altogether in the merger to form the group, announced in June that he’d leave Vicinity at the end of this year.

Mr McNaughton decided it was time to move on after spending 10 years at CFS Retail Property Trust Group (ex-Gandel Retail Trust), which became Novion Property Group and, through the merger with Federation Centres (ex- Centro Properties), Vicinity.

AMP Capital fills 3 top real estate seats as it proclaims momentum continuing

AMP Capital Investors Ltd has announced 3 senior appointments in its real estate business as the company’s global head of real estate, Carmel Hourigan, said it was gearing up for its next phase of growth.
Ms Hourigan said on Friday: “These appointments demonstrate the continued momentum behind our business and position the team well to deliver on our strategy. It is really pleasing to see the calibre of talent that we are attracting to our business. Building on the existing depth of our capability, we are ensuring diversity of thought across the entire real estate experience for the benefit of our diverse client base, our tenant customers & our partners.”
The appointments:
Head of retail management, shopping centres, Justine Hughes, started work yesterday. She will be responsible for property management & operational leasing, along with full end-to-end accountability for all aspects of asset performance, lease administration and tenancy design & delivery. She’s joined AMP Capital from Mirvac, where, as retail general manager, she held a broad remit across leasing, operations, marketing, tenancy delivery & lease administration.
Head of office leasing, Hamish Stuart, joins AMP Capital on 28 August from EG Funds Management, where he was head of office asset management. He will be responsible for managing major customer relationships and driving the asset management & leasing strategies to meet the needs of each fund in the AMP Capital office portfolio. Mr Stuart has 16 years’ experience in real estate covering all major asset classes throughout Australia, the Middle East, South-east Asia & Africa.
Head of real estate research, Luke Dixon, joined AMP Capital on 18 July to lead a centralised real estate research capability, including investment strategy & retail research. He’s responsible for driving AMP Capital Real Estate’s thought leadership agenda and providing insights to clients, partners & the market. Mr Dixon joined AMP Capital from RF Capital Pty Ltd, where he led the research on its global real estate strategy covering debt, capital, real asset & technology markets.

Ratcliffe replaces Meltzer on Housing NZ Corp board

The Government has appointed former Chorus Ltd chief executive Mark Ratcliffe to the Housing NZ Corp board, replacing insolvency accounting specialist Jeff Meltzer. Mr Ratcliffe’s term began on 7 August and runs until 30 June 2020.

Housing NZ Minister Amy Adams said last Thursday: “As New Zealand’s biggest landlord, Housing NZ has an important role in providing safe, warm social housing that’s the right size and in the right place for those in need.

“The board plays a vital part in the strategic direction of Housing NZ, and I welcome Mr Ratcliffe’s commercial & senior executive expertise, which will be a real asset to the Housing NZ board.”

Mr Ratcliffe resigned as chief executive & managing director of Chorus in February after 10 years in leadership roles there and a number of senior operational & service delivery executive roles at  Telecom Ltd.

Ms Adams said: “His time in the telecommunication industry puts Mr Ratcliffe in good stead for understanding highly distributed assets. He brings extensive senior management experience in largescale operational & service delivery businesses, and will add significant business management acumen to the board.”

He’s a director of First Gas Ltd and previously held governance roles with lobby groups the NZ Initiative and the Telecommunications Carriers Forum.

Kidd takes over NAI Harcourts management

Tony Kidd.

Tony Kidd has returned to New Zealand from Dubai as general manager of Harcourts’ commercial & industrial real estate business, NAI Harcourts, starting on 1 September.

Mr Kidd joined the agency in June, replacing Greg Clarke as general manager. Mr Clarke has moved to Henderson as sales manager of the West Auckland NAI Harcourts franchise holder, Savery & Co Ltd, after 2 years at the helm nationally. He was a commercial & industrial sales & leasing agent at Barfoot & Thompson for the previous 10 years.

Mr Kidd, an Auckland valuer, bought the Rolle Knight Frank agency & valuation business in 2004. The subsequent valuation businesses, under names including Axiom Rolle PRP Valuation Services Ltd and PRP Valuers & Consultants Ltd, were wound up, the first in 2008 and the second, under the name Khyber Valuations Ltd, in January 2010.

Mr Kidd worked as James Kirkpatrick Group’s property manager for 2 years after graduating from Auckland University with a bachelor of property degree in 1986 and was a property manager for NZ Railways for another 4 years before moving to commercial sales & leasing at CBRE in 1992. He was also an asset manager for AMP Capital Investors (NZ) Ltd and a valuer for DTZ.

2 architects join Construkt

Simon Khouri joined Construkt Architects Ltd as an architect in April, and Angus McLachlan has joined the practice as an architectural graduate.

Mr Khouri graduated from Unitec Institute of Technology with a bachelor of architecture degree in 2007 and was at McKinney & Windeatt Architects until his move to Construkt.

Mr McLachlan has joined Construkt as an architectural graduate after retraining as an architect following a successful international corporate career. He holds an MA in Japanese from Canterbury University, gained his bachelor of architecture degree from Auckland University and has 3 years’ post-degree experience.

Mr McLachlan said he’d planned to gain a BA first and then embark on a degree in architecture: “It was when I got to university that I became further sidetracked by languages. I became hooked on Japanese and then won a scholarship to complete my MA in Japan. I then joined Sony in Japan to solidify my language skills and that led on to developing a solid corporate career, living in the UK, the Netherlands & Singapore before returning to New Zealand. It was 4 years after I was back on home ground that I decided it was time to get back on track and fulfil my passion for architecture.”

9 August 2017:

Coburn to head both West Auckland & site sales for Colliers

Josh Coburn.

Colliers has appointed its international site sales director, Josh Coburn, to head the agency’s West Auckland office. He replaces Deborah Dowling, who moved to CBRE last month as managing director for both the North Shore & West Auckland, still based at Westgate.

Colliers’ Auckland managing director, Charles Cooper, said Mr Coburn would also retain the site sales role, which continued to be a key area of growth for Colliers.

And Mr Coburn said the huge residential growth West Auckland was undergoing aligned well with the site sales team’s existing capabilities: “Site sales specialises in identifying development opportunities, and demonstrating to potential buyers how to best unlock the value of a site. A lot of our work already takes place in West Auckland, so it makes sense for the team to be based within the community.”

He said the 6-strong site sales team would relocate to the West Auckland office, based in the Northwest Shopping Centre at Westgate, effective immediately.

Mr Cooper said the team’s local expertise would be strengthened by brokers Sean Finnegan & Craig Smith, who were based at Colliers’ West Auckland office before joining the site sales team this year.

Mr Coburn has spent 14 years in property, starting in 2003 at Colliers, where he’s been involved in $700 million of commercial property sales.

He gained West Auckland experience while based at Colliers’ North Shore office, which covered northern & north-western Auckland before the dedicated West Auckland office opened last year.

Coburn also spent 4 years as development manager for construction company Haydn & Rollett Ltd, where he focused on commercial & industrial property joint ventures and commercial-scale residential opportunities.

He returned to Colliers in 2015 to establish the site sales team, which specialises in identifying development opportunities, including land subdivisions and apartment development & conversion sites.

Earlier story, 19 July 2017: Dowling moves to CBRE to open West Auckland office

Pritchard to leave Steel & Tube board in November

Former Steel & Tube Holdings Ltd chair Dean Pritchard will retire from the board with effect from the annual meeting on 16 November, in line with the refresh policy announced last year. He was appointed in 2005, chaired the company for the next 7 years and remained a director for the last 5 years.

Susan Paterson, who took over as chair from Sir John Anderson in January, said Mr Pritchard “has brought wide-ranging experience & sound judgment to the board as we worked through a number of critical milestones in developing our ‘one company’ strategy and then delivering our refreshed strategy in 2016.”

7 August 2017:

Sydney-based chair takes over at Millennium & CDL

New Sydney-based director Colin Sim was appointed chair of both Hong Leong Singapore-controlled NZX-listed companies Millennium & Copthorne Hotels NZ Ltd & CDL Investments NZ Ltd on Wednesday 2 August.

BK Chiu, managing director of both companies, said when Mr Sim’s appointments as an independent non-executive director was announced in July, his career included over 40 years of senior management experience: “Colin has strong analytical skills and extensive knowledge of both the construction & property development sectors in Australia. We look forward to Colin joining our New Zealand land development business and sharing his insights.”

For his role at Millennium & Copthorne, Mr Chiu said Mr Sim’s experience spanned operations, financial management, legal & investor relations, business development, human resources & information technology functions.

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On the move, July 2017

Gudgeon gives over year’s notice of Kiwi Property exit
Robertson takes charge of Bayleys’ city living
Bell Gully appoints partner & 7 senior associates
Australian joins CDL & Millennium boards
Binns & Snodgrass join Metlifecare board
Stafford-Bush joins Gaze, plus 8 design appointments
Lyons to source capital for Oyster
Luker moves from Kiwi to Stride
Steel & Tube names new chief financial officer
Marshall named a principal at Jasmax
City Rail Link board completed
Colliers hires top Government property executive
Speerstra joins CBRE valuation & advisory services
Inger to head Harrison Grierson’s new Hamilton office 
Marketing chief Karen West joins Harrison Grierson board
Tasker confirmed in Auckland Airport role
Quest appoints group general manager
City Rail Link company takes charge
Haumaru takes over council housing for older people portfolio
Hutchison takes break after 5 years at Whai Rawa
RCP appoints 5 new directors
Gorton moves to Bayleys
Wong retires from CDL and Millennium & Copthorne

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

Gudgeon gives over year’s notice of Kiwi Property exit

Chris Gudgeon.

Kiwi Property Group Ltd chief executive Chris Gudgeon announced on Thursday that he’d step down next year, after 10 years with the company & its predecessor, the Kiwi Income Property Trust.

He intends to leave on 30 September 2018.

Kiwi chair Mark Ford said: “Under Chris’s leadership we have both significantly improved the quality of our investment portfolio and positioned it for future performance. Kiwi Property enjoys a strong position as New Zealand’s largest listed property entity, with total assets of $3 billion (up from $2.1 billion in 2008) and a market capitalisation of $1.85 billion (up from $860 million in 2008).”

Mr Gudgeon is a qualified civil engineer and holds an MBA from the Wharton School, University of Pennsylvania. He held a variety of civil engineering & senior property investment & development roles in New Zealand & overseas, including being project manager for Kiwi Income’s development of the Vero Centre in Auckland, and went on to roles as chief executive at Capital Properties NZ Ltd then general manager of property for Auckland International Airport Ltd before rejoining Kiwi in 2008 on the departure of chief executive Angus McNaughton to Singapore. Mr McNaughton, appointed chief executive of the $A22 billion Vicinity Centres Group in Australia in August 2015 after losing out altogether in the merger to form the group, announced in June that he’d leave Vicinity at the end of this year.

Earlier story, 30 April 2008: McNaughton off to Singapore, Gudgeon his replacement at Kiwi

21 July 2017:

Robertson takes charge of Bayleys’ city living

Stuart Robertson.

Stuart Robertson has taken over from Matt Shirley as Bayleys’ city living sales manager.

Mr Shirley joined Bayleys 5 years ago from Ray White City Apartments, where he was a leading apartment sales agent, and has headed overseas for an extended break after 16 years in real estate in Auckland.

Mr Robertson started his real estate career with Bayleys in 2007 and stayed there until 2011, when he moved to Harcourts, managing its Glen Eden office. He returned to Bayleys in February last year, heading its Westgate office.

In the early 1980s he was a nurse, joined Air NZ as a flight attendant and finished his career there as cabin crew performance manager.

Bell Gully appoints partner & 7 senior associates

Tim Smith.

Law firm Bell Gully has appointed Tim Smith as a partner in its litigation practice in Wellington and has 7 new associates – a mix of internal promotions, returning alumni & hires.

The firm’s chair, Chris Gordon, was pleased to see alumni returning to the firm: “They are very talented people who have developed their skills and grown their experience in various jurisdictions, and now bring that expertise back home for the benefit of Bell Gully & our clients. They are joined in our senior ranks by strong internal promotions & some great lawyers who joined the firm recently.”

Toni Forrest.

Tim Smith specialises in commercial & public law litigation and has experience in energy, insolvency, tax & regulatory litigation. He has worked extensively with both commercial & public sector clients. Before joining Bell Gully, he was a partner in the Wellington Crown Solicitor’s office & Crown counsel in, and deputy team leader of, the tax & commercial team of the Crown Law Office.

Angela Harford.

The returning alumni are Toni Forrest, Angela Harford & Susannah Shaw.

Toni Forrest is a specialist corporate lawyer with extensive experience advising on mergers & acquisitions, takeovers, joint ventures, capital raisings & corporate restructurings. She’s returned to Bell Gully after 5½ years working in London.

Angela Harford advises on a broad range of corporate & commercial transactions, including mergers & acquisitions, takeovers, joint ventures, private equity, corporate restructurings & complex commercial contracts. She’s returned to Bell Gully after 4 years working for Slaughter & May in London.

Susannah Shaw.

Susannah Shaw is an experienced commercial lawyer who has returned to Bell Gully after an in-house role at Unisys NZ. She provides contracting advice to both the public & private sectors and has expertise on major IT outsourcing projects.

The other new senior associates are Ian BeckeRichard MasseyBrad Ward & Lauren Whitehead.

Ian Becke.

Ian Becke joined Bell Gully last November. He has 10 years’ experience advising on the structuring, procurement & delivery of infrastructure & construction projects, including public private partnerships, and the acquisition & divestment of real estate assets. Before moving to New Zealand in 2014, he was a senior associate in the infrastructure & projects team at international commercial law firm Ashurst LLP in Sydney.

Richard Massey.

Richard Massey has been with Bell Gully since 2013 and has broad commercial litigation experience. He acts on major regulatory investigations & complex High Court disputes, with a focus on competition, banking & consumer law.

Brad Ward.

Brad Ward began his legal career at Bell Gully after graduating in 2010. He’s a commercial litigator with experience in complex commercial disputes, particularly in contentious construction matters & insurance disputes.

Lauren Whitehead joined Bell Gully in March after a decade working for Australian firm Herbert Smith Freehills. She advises on infrastructure projects & public private partnerships, including probity aspects, as well as construction & general corporate advisory.​

Lauren Whitehead.

19 July 2017:

Australian joins CDL & Millennium boards

CDL Investments NZ Ltd and Millennium & Copthorne Hotels NZ Ltd, both NZX-listed companies in the Hong Leong Group of Singapore’s fold, have appointed Sydney resident Colin Sim as an independent non-executive director with effect from last Friday.

BK Chiu, managing director of both companies, said Mr Sim’s career included over 40 years of senior management experience: “Colin has strong analytical skills and extensive knowledge of both the construction & property development sectors in Australia. We look forward to Colin joining our New Zealand land development business and sharing his insights.”

For his role at Millennium & Copthorne, Mr Chiu said Mr Sim’s experience spanned operations, financial management, legal & investor relations, business development, human resources & information technology functions.

Binns & Snodgrass join Metlifecare board

Retirement village developer & operator Metlifecare Ltd has appointed Mark Binns & Rod Snodgrass as independent directors, effective 1 August.

Metlifecare began a comprehensive director search process in April after Infratil Ltd sold out of the company and its 2 directors on the board, Kevin Baker & William Smales, resigned. Chair Kim Ellis said yesterday: “Metlifecare welcomed the opportunity this presented to review the existing board and refresh the board with those skills & capabilities it saw as being vital to ensuring successful execution of its strategy and leading the organisation to fulfill its future vision.

“The company decided to focus its director search on complementing existing development, construction & asset management skills as well as bringing in new skills in the areas of customer

Mr Binns said in June he’d retire as chief executive of Meridian Energy Ltd in December. Mr Ellis said he would bring a wealth of experience in construction, property development & asset management to Metlifecare.

“Having started his early career in law, Mark moved into the corporate world in 1989 when he joined Fletcher Challenge, where he held several roles, including 2 divisional chief executive positions, before being appointed chief executive at Meridian in 2012.

“We are also excited with the appointment of Rod Snodgrass, formerly chief executive of Spark Ventures. Rod started his early career training as a chartered accountant with Ernst & Young before moving into corporate roles with Fletcher Challenge Energy and then telecommunications.

“Rod’s 19-year career with Spark NZ Ltd/Telecom was varied and gave him exposure to operational & general management, product & strategic development. This included being responsible for Telecom’s fixed line division, Telecom strategy for both operational & structural separation, growing Telecom’s Xtra business and the set-up of Spark Ventures comprising Spark WiFi HotSpots, Skinny Mobile, Lightbox TV, Morepork Smart Living & Qrious Big Data business.

“Rod has extensive experience in developing disruptive business models, establishing startup enterprises and a disciplined approach to designing customer experiences, leveraging technology to deliver customer outcomes.”

Stafford-Bush joins Gaze, plus 8 design appointments

Interior architecture specialist Gaze Commercial Ltd has appointed Shears & Mac founder Chris Stafford-Bush as its chief executive as David Gaze takes on the role of executive director.

The company has also promoted Rob Wesley to Auckland commercial manager, the design team has gained 6 new designers & architectural designers and the project management team has been increased by 2.

New appointments:

Chris Stafford-Bush, chief executive, has over 25 years’ construction, manufacturing & project delivery experience. He’s delivered large commercial, hospitality, industrial & laboratory projects throughout New Zealand & Australia and brings many years of finance, contract negotiation, problem resolution, ‘lean’ principles & value engineering principles to the business. He’s currently working with health authorities on upgrades to future-proof operations and raise accreditation standards.

Design team:

Nicola Pasco, project co-ordinator, has over 6 years’ project experience. The most defining point in her career was working in Christchurch for 4 years during the earthquake recovery. She had to learn very quickly from insurance reappointments through to geotech and had to wear many hats at one time.

Paul Jenkin, senior architectural designer, has been an architectural designer for 34 years. His expertise lies in integrating the wide range of data needed from an array of consultants and then steering the design package. Mr Jenkin is experienced in running projects from the earliest design stages through to the completion of all documentation.

Bettina Passi, senior architectural designer, has 10 years’ experience as an architectural technician. Her current role at Gaze Commercial is to implement her knowledge of Revit and support the wider design team in a variety of projects, and to assist with AutoCAD projects.

Kairangi Buchanan, junior designer, has recently completed a bachelor of architectural studies degree majoring in interior architecture. In her 2 years of industry experience, she’s found her niche in challenging concepts by translating an idea into a working design. Her strengths can be found in spatial awareness and the ability to look beyond the set brief and push new & exciting ideas.

Peter Van Helmond, quantity surveyor, has 25 years’ experience in estimating & quantity surveying. He has extensive knowledge in commercial & industrial fitout projects throughout New Zealand, ranging from $250,000 to $90 million.

Yulia Mayrink, creative designer, studied medicine in Russia before moving in 2005 to Singapore, where she graduated from the Nanyang Academy of Fine Arts with a diploma in interior design in 2008. She worked on a number of projects through the Design World Partnership, eco.id Architects, Broadway Malyan, and as lead interior & project designer at M Moser Associates, and for the last 2 years as senior interior designer at URBNarc.

Project management team:

Sam Kenny completed his design certificate in 2000 and for the next 5 years designed stages & onscreen sets for TVNZ & Touchdown Eyeworks. From 2006-10, he honed his design & project management skills in Canada & the UK, and was involved in numerous retail, commercial & hospitality projects. On his return to New Zealand in 2011, Mr Kenny completed his Institute of Quantity Surveyors papers and transitioned from design to quantity surveying & project management.

Lindsey Heileson has over 10 years’ experience in project management and has worked on many largescale projects throughout New Zealand.

12 July 2017:

Lyons to source capital for Oyster 

Oyster Property Group Ltd has boosted its internal sales team with the appointment of a new capital sourcing manager, Rich Lyons.

Mr Lyons has 8 years’ experience in property finance lending and commercial property management & leasing in New Zealand & Australia. After spells in commercial leasing & sales at Bayleys and as senior commercial property manager at Darrochs in 20-11 in Auckland, he went to Sydney as an associate manager & senior lending executive at Macquarie Bank, returning to Auckland in 2014 as a business manager at ANZ Bank and most recently as a property finance manager at Westpac NZ.

Mr Lyons’ key focus at Oyster will involve promoting & raising equity for all the company’s retail & wholesale projects, including the Oyster Direct Property Fund, which is structured to provide investors with monthly income from diversified exposure to $477 million of office, industrial & retail assets nationwide.

Oyster Group manages $1.2 billion of property assets through a combination of public & wholesale property funds, and institutional & private investor property management mandates.

Luker moves from Kiwi to Stride

Mark Luker will join Stride Investment Management Ltd as development general manager in October after 21 years at Kiwi Property Ltd & its forerunner, the Kiwi Income Property Trust.

Mr Luker managed Fletcher Challenge Ltd subsidiary Challenge Properties Ltd’s Biron joint venture with Lend Lease Corp for 5 years from 1988, covering 3 shopping centres, including 3 that were redeveloped (St Lukes was then a $100 million project). He was also asset management general manager, in charge of 9 malls.

He spent the next 3 years in Australia managing 3 regional shopping centre developments for Lend Lease in Queensland & Victoria, and working on office park developments, including Homebush in Sydney and Lend Lease’s bid to develop the Olympic Park & shopping centre.

Mr Luker joined Kiwi Income in 1993 as development general manager and continued in that role until the end of 2014. For the last 3 years he’s directed Kiwi Property’s multiple Sylvia Park developments.

Stride Investment Management chief executive Philip Littlewood said: “Mark’s vast experience in the identification & delivery of many successful retail & commercial developments made him a stand-out candidate to lead our development team as it continues to identify & deliver on new & exciting opportunities.”

Steel & Tube names new chief financial officer

Steel & Tube Holdings Ltd has appointed Greg Smith as chief financial officer & company secretary, starting on 30 October.

Mr Smith, a chartered accountant, holds a bachelor of commerce & administration degree and has financial & senior level leadership experience in the telecommunications, dairy, electricity & infrastructure sectors.

He began his finance career with KPMG’s audit team in Wellington in 1996 and has held finance roles with Opus International Consultants Ltd and, since 2011, as chief financial officer for Wellington Electricity Lines Ltd & International Infrastructure Services Co Ltd.

Mr Smith will replace interim chief financial officer Steve Armstrong, who was appointed in July after Janie Elrick was granted an 8-month sabbatical, with the intention she return to a new executive position in February 2018.

Marshall named a principal at Jasmax

Sue Marshall.

Architectural firm Jasmax Group Ltd has appointed Sue Marshall as a principal.

She qualified as an architect in the UK and came to New Zealand 16 years ago as project architect for the restoration of Auckland’s historic Chief Post Office, now the entry to the Britomart Transport Centre.

Ms Marshall now leads Jasmax’s knowledge & innovation team of 18, whose roles include the development of a Jasmax-created quality system that provides guidance & reviews for all projects: “We’ve identified the resources & steps necessary to support the delivery of projects well, including best practice documents & templates for each project stage. Within the process, design & technical workshops and reviews occur, and these key gates are tracked & audited to help ensure all architecture is streamlined, consistent & delivered to the highest quality.

“Not only are there peer-to peer -esign reviews, where other design professionals provide input, there are also technical reviews to inform all aspects of our project designs. Our purpose-developed Jasmax process includes a thorough look at documentation.”

The team also leads development of virtual reality, augmented reality & other technologies which are now integrated into the delivery of projects. These emerging visual tools can be used to develop immersive architectural & design experiences, instead of 2-dimensional plans or representations.

City Rail Link board completed

Auckland Council & the Government have named the 4 new directors who will join Sir Brian Roche on the board of joint-venture company City Rail Link Ltd.

The company, formed to complete Auckland’s city rail link project begun by the council, is owned in 3 thirds by the Ministers of Finance & Transport and the council.

Sir Brian was appointed to chair the company in April. Joining him on the board are Russell Black, Brian Harrison, Karen Jordan & Anne Urlwin. 

Russell Black is a consultant with a background in civil engineering. He has experience as a senior manager in large transport infrastructure companies and has worked on a number of major infrastructure projects, including the London Underground’s Jubilee Line extension. He was project director for the Mass Transit Railway Corp in Hong Kong and consulted to Metro Trains in Melbourne and Sydney Metro. He was previously a member of the Earthquake Commission and has been a director of Northpower Ltd since 2011.

Brian Harrison is a lawyer with expertise in infrastructure funding & delivery. He has worked on project finance for the Arlanda express rail link project in Stockholm, Sweden, for the private finance portion of the funding for the construction of the Jubilee Line, London, and as an advisor to the Strategic Rail Authority in the UK on the capitalisation & debt structuring of rail infrastructure assets.

Karen Jordan relocated to New Zealand from the UK in 2015 following success as director of contract management for the Ministry of Defence, where she improved capability across a multi-billion pound procurement & investment programme. She has also worked for British Gas and National Grid Plc.

Anne Urlwin has over 20 years’ experience as a professional director, chartered accountant & business consultant in a range of sectors. She chairs Naylor Love Enterprises Ltd and is a director of Chorus Ltd, Steel & Tube Holdings Ltd, Southern Response Earthquake Services Ltd, OnePath Life (NZ) Ltd & Summerset Group Holdings Ltd. She has also served on Crown boards & local council-controlled organisations.

Colliers hires top Government property executive

David White.

The director of the Government Property Group, David White, resigned last week to take up a newly created role at Colliers International, starting in August. He’s been appointed director of research & consulting, part of the agency’s national research & consulting group.

Colliers’ national director of research & consulting, Alan McMahon, said Mr White would remain in Wellington and lead the company’s research & consulting services in the capital: “No one understands the workings of property in the public sector better than David. We are thrilled to secure his services. “While his skills have been honed in the public sector in recent years, they are equally applicable in the private sector.

“David will provide a wide range of services to both public & private sector clients, with a particular focus on business case & policy development, property strategy, research & planning.”

Mr White’s property career has spanned institutional property investment, occupation & consultancy. He joined Treasury in 2005 and was seconded as a ministerial advisor for 2 years before establishing the Government Property Group in 2010.

He completed bachelor of business and master of business administration degrees at Massey University and is studying towards a PhD. He’s also a part-time lecturer at Massey University.

Daniel Speerstra.

Speerstra joins CBRE valuation & advisory services

Daniel Speerstra has joined CBRE’s valuation & advisory services team in Auckland after 2 years as a mobile colocation & site acquisition manager for Vodafone Ltd and 4 years as a valuer at Darroch Ltd. At CBRE, his focus will be focusing on the general commercial & industrial markets.

Mr Speerstra is a full member of the Property Institute. He graduated from Auckland University with a bachelor of property degree and has since gone on to earn a bachelor of commerce (honours) degree, specialising in commercial law.

Inger to head Harrison Grierson’s new Hamilton office 

Ben Inger.

Engineering & design consultancy Harrison Grierson Consultants Ltd has appointed Ben Inger to manage its new Hamilton office.

After graduating from Auckland University with a bachelor of property (honours) degree in 2006, Mr Inger worked for Vern Warren’s Planning Network Services for 2 years and Bloxam Burnett & Olliver Ltd, a Hamilton-based multi-disciplinary company of consulting engineers, planners & surveyors, for the last 12 years.

Mr Inger is a senior planner & project manager, with experience in managing multi-disciplinary projects, including navigating projects through complex statutory processes. He has a wide variety of expertise in planning for land development & infrastructure projects, policy planning & consultation and presenting planning evidence. 

Marketing chief Karen West joins Harrison Grierson board 

Harrison Grierson Holdings Ltd has appointed the group’s marketing general manager, Karen West, to the board.

Managing director Glen Cornelius said: “Karen’s milestone appointment reflects her exceptional performance as a senior manager. She has led the focus on clients & outstanding service delivery, changing the way we view ourselves – who we are & what we do. Karen played a major role in the company’s transformation over the last 5 years and was instrumental in driving through its brand strategy, brand values & visual identity.

Ms West joined the company in 2011 and is the first female director from within the company, which is chaired by independent director Margaret Devlin, who also chairs Watercare Services Ltd & WEL Networks Ltd.

5 July 2017:

Tasker confirmed in Auckland Airport role

Scott Tasker.

Auckland International Airport Ltd has appointed Scott Tasker as its new aeronautical commercial general manager after appointing him acting manager in December.

Chief executive Adrian Littlewood said: “Scott will be responsible for our route development & tourism strategies and our focus on sustainably growing airline services to New Zealand.”

He has 21 years’ experience in the travel industry, including 8 years in sales for Lufthansa & Emirates, ultimately as the head of passenger sales for Emirates in New Zealand. Before joining Auckland Airport in 2015, he was the general manager for the New Zealand operations of an international travel services business Healix.

His first role at the airport company was to lead its aeronautical commercial activities in the Americas market, where he’s overseen significant growth in new carriers and additional capacity, including the arrival of American Airlines & United Airlines last year.

Mr Tasker said: “The strong passenger & airline growth which Auckland Airport has experienced in recent years has helped fuel New Zealand’s tourism boom and bring real economic growth to our cities & regions. It has also helped to make travel much more affordable and provided more travel options for Kiwis.”

Quest appoints group general manager

Adrian Turner.

Quest Apartment Hotels (NZ) Ltd has appointed Adrian Turner as its new group general manager.

Chief executive Stephen Mansfield said on Monday Quest had created the new position to manage growth: “The group has plans to open up to 10 new properties in New Zealand over the next 24 months. At present Quest Apartment Hotels NZ has 35 properties in New Zealand & Fiji, with an annual turnover of more than $65 million.

“Given the size & spread of Quest, the appointment of Adrian is just one of the investments being made to support the business as we enter the next growth phase. His appointment will add significant capability to the operations of the Quest business.”

Mr Mansfield said that, since moving to New Zealand from the UK 25 years ago, Mr Turner had accumulated vast experience working in travel, franchising & business management from developing strategic & business plans, implementation & managing results.

He’s held senior management & operational positions with major brands such as Hello World & Amadeus. His most recent position was with data analytics company Resurg Group.

Mr Turner said: “Over the past decade, I have helped steer businesses through many changes & challenges. I thrive on a challenge and look forward to working with the Quest franchisees & other key stakeholders to enhance the Quest business.”

City Rail Link company takes charge

Sir Brian Roche.

City Rail Link Ltd, established to deliver Auckland’s city rail link on behalf of its joint sponsors, the Government & Auckland Council, came into effect on Saturday. It’s chaired by sole director Sir Brian Roche. The Ministers of Finance & Transport and Auckland Council are equal 33.33% shareholders.

The company is a crown entity, listed under schedule 4A of the Public Finance Act, and has full governance, operational & financial responsibility for the rail link, with clear delivery targets & performance expectations. Auckland Transport has transferred procurement responsibilities to it.

KiwiRail, the state-owned enterprise responsible for all rail operations, has a formal role in ensuring the rail link’s interoperability with the wider rail network and the services, such as freight, that it provides.

The new company has engaged Auckland Transport & KiwiRail to provide technical & operational support services.

Haumaru takes over council housing for older people portfolio

Haumaru Housing LP, a limited partnership between the Selwyn Foundation charitable trust and Auckland Council, took over management of the council’s housing for older people portfolio on 1 July.

The limited partnership’s general partner is Haumaru Auckland Ltd, owned 51:49 by foundation & council with the foundation as the majority, and it has 5 directors – Helen Melrose, Garry Smith & Vicki Sykes nominated by the foundation, Matthew Harker & Kerry Hitchcock nominated by the council. Ms Melrose is the chair.

Gabby Clezy.

The board has appointed Gabby Clezy as the partnership’s general manager. She’s been chief executive of aged residential care service provider TerraNova since 2014 and has extensive leadership & operational experience in social services & aged care in both the UK & New Zealand. She’s worked for not-for-profit organisations in the healthcare arena, such as Bupa Care Services and specialist addictions mental health trust Odyssey House, and has also held senior roles in the UK tertiary education & national health sectors.

Link: Haumaru Auckland

Hutchison takes break after 5 years at Whai Rawa

Rob Hutchison, inaugural chief executive of Ngati Whatua Orakei commercial arm Whai Rawa Ltd, left last Friday after 5 years at the helm.

Mr Hutchison, a former valuer-general and chief executive of North Shore City Council, said he was at the stage in his career where he wanted to pursue governance opportunities and enjoy more time at his lifestyle property in Muriwai.

Whai Rawa chair Michael Stiassny said Mr Hutchison had already been appointed to the company’s board so his knowledge & skills would continue to be put to good use.

Mr Stiassny said Mr Hutchison had been instrumental in growing the iwi’s asset base from $356 million in 2012 to close to $1 billion today: “Rob has been an outstanding chief executive, successfully balancing the board requirements to grow & protect the iwi’s assets while also funding social programmes for the members of Ngati Whatua Orakei.

“From the position of financial strength, we have established a strategy to support aggressive growth in some areas while, at the same time, protecting key landholdings and advancing new housing developments for Ngati Whatua Orakei members.

“Rob has also firmly established Whai Rawa’s reputation as a significant property player in the city, building strong relationships with Auckland Council, government departments, KiwiRail, the NZ Transport Agency & Housing NZ.”

Mr Hutchison said it had been a privilege to help develop & implement wise investment & development strategies to safeguard the physical assets of Ngati Whatua Orakei: “You can literally see your work having an impact on a community. Orakei, with the most spectacular views in the city, is just a couple of kilometres from our office, and that is the hapu I have had the privilege of serving for almost 6 years.

“All of our strategies have been developed to ensure the longevity of any investment, and ensure that the commercial company of Ngati Whatua Orakei will protect the assets for the future generations of the descendants of Tuperiri. Whai Rawa’s collective view is we can grow the intergenerational wealth of the hapu through smart & considered decision-making.”

Mr Hutchison’s stated priorities when he joined Whai Rawa in September 2012 were to create sustainable profit levels, construct affordable housing stock and recruit a top-notch team to run Whai Rawa: “I feel I have achieved what I set out to do – with year-on-year asset growth, increased equity, more than $22 million invested in housing and $23 million distributed to our social programmes.

“Whai Rawa has a very strong management team and we have also established a number of scholarships and a future director programme to grow the skillset of Ngati Whatua Orakei’s younger generations.”

Mr Stiassny said he was casting the net wide for a new chief executive who can continue to grow & develop Ngati Whatua Orakei’s commercial asset base.

RCP appoints 5 new directors

Project management specialist RCP Ltd has appointed Andrew Field, Fraser Robertson, Marcus Read & Bruce McDonald as directors of the business.

Andrew Field has been with RCP since 2002, with time spent in the US between 2005-10. The company said that, since his return, he’d been managing its Wellington office and had been instrumental in cementing its Wellington presence. The office had grown in size & capability under his leadership. Mr Field has recently relocated to Auckland, using his leadership & technical skills to develop a core management team at Auckland University.

Fraser Robertson leads RCP’s specialist national infrastructure management team. The company said he’d been instrumental in growing this sector of the RCP business and the capability & skillset of the team within it, which had enabled the company “to truly provide our clients with a tailored project management experience across both the vertical & horizontal work programmes of projects. Fraser thrives on large & complex projects, having managed key development projects at Auckland Airport, Westgate town centre and Hobsonville Point.

Marcus Read has driven the development of RCP’s programme management approach to provide its clients with innovative, effective & efficient means to manage their work programmes. In his 10 years at RCP, Mr Read has worked around the country with both public & private sector clients, including the ANZ & BNZ Banks, the Department of Corrections and numerous other central & local government agencies, to improve the planning, design & delivery of their projects.

Bruce McDonald is one of RCP’s most experienced project managers with 20 years’ experience in property & construction. Since joining RCP in 2001, he’s delivered many of the company’s most innovative projects, leading on the SkyCity development, the Eden Park redevelopment and the Christchurch justice & emergency services precinct.

Peter Gorton.

Gorton moves to Bayleys

Peter Gorton has joined Bayleys Real Estate, specialising in retail sales & development opportunities. He has almost 2 decades of experience in this sector, the last 16 years with Colliers, working closely with many of New Zealand’s largest retail brands. He rejoins former Colliers colleague & retail specialist Ash Hira at Bayleys.

Wong retires from CDL and Millennium & Copthorne

Wong Hong Ren retired last Friday as chair & a director of CDL Investments NZ Ltd and Millennium & Copthorne Hotels NZ Ltd.

Wong Hong Ren.

Mr Wong was group investment manager at the Hong Leong Group of Singapore when he took charge of its 2 NZX-listed investments in January 2006, after briefly chairing them in 2004-05.

BK Chiu, managing director of both New Zealand companies, said: “Mr Wong’s long-term investment horizon principles have seen CDL’s growth from land acquisition & pipeline of residential sections through the changing market cycles of New Zealand residential land development.”

At Millennium & Copthorne, Mr Chiu said Mr Wong’s “depth of international experience, commercial acumen & exacting standards of financial management have all contributed to the enhancement of the company’s asset & shareholder value.”

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Dowling moves to CBRE to open West Auckland office

Deborah Dowling (pictured), who managed Colliers’ new West Auckland office based in the NorthWest Shopping Centre when it was split last year from the North Shore office, has moved to CBRE as its managing director for both territories.

She has a team of 8 agents working from CBRE’s city office until their new premises in the NorthWest centre are ready in late August.

CBRE’s senior managing director for New Zealand, Brent McGregor, said today: “Being able to establish a physical presence out west provides clear advantage to our clients. Deborah’s team has about 40 years’ experience in the western & North Shore suburbs. With dedicated specialists for each area, CBRE’s clients in these locations are in very capable hands.”

Mr McGregor said the new office would open at a time of important change in Auckland’s infrastructure development: “The newly opened Waterview Connection provides significant commercial property opportunities in the western suburbs due to the enhanced freight logistics it provides.”

He said the team had experience across industrial, retail, commercial, development land & lifestyle blocks.

“Deborah & her team are well known for their success running auction campaigns for their clients, and will continue to do so in the new CBRE office. The West Auckland office will be set up with full auction facilities, allowing CBRE to run regular auctions from both West Auckland & the Auckland cbd.”

Attribution: Agency release.

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On the move, June 2017

Construction trio forms Alta Consultancy
Stride names Littlewood as chief executive, Ling as director
Harris quits UEM & Opus boards after 7 months
Campbell’s appointment to SkyCity board approved
McNaughton to leave top Australian retail property job
MartinJenkins director to replace O’Riley at Ateed
Watson succeeds McDonald in Opus chair
Steele brings gavel north to Bayleys
Birkhead takes helm at NZIOB
Hilder gets new finance role at Precinct in senior management rejig
39 promoted at Jasmax
Lunny moves to Smales Farm
Stack appoints 2 directors & 3 new design staff
Thomson moving from Air NZ to Metlifecare finance role

On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image.

27 June 2017:

Construction trio forms Alta Consultancy

Rory Bishop.

New specialist construction consultancy Alta Consulting Ltd’s 3 partners – Rory Bishop, Tim Lancaster & Daniel Williams – say their broad range of skills, from direct construction & technical experience to management & commercial capability, make the newcomer a different operator in the infrastructure market.

The Alta trio have held senior roles at McConnell Dowell Constructors Ltd & Hawkins Construction Ltd and have worked together on many diverse, major projects in the UK & New Zealand. They saw an opportunity to combine their strengths to offer specialist construction advice to asset owners, their designers & other consultants.

Mr Bishop said: “We occupy a unique space in the infrastructure market and the time was right to set up a consultancy that provides independent construction insights to clients early in the project cycle.

Daniel Williams.

“Our experience as senior decision-makers on projects makes our analysis insightful, our advice robust and our approach efficient & cost-effective. We’ve launched in a very positive time for the sector.”

Mr Bishop is a chartered engineer & chartered environmentalist and an associate of the Camborne School of Mines in the UK. His 20 years’ experience includes work on tunnels & underground construction, roads, bridges & marine constructions. He was construction operations manager for the British Airport Authority Heathrow terminal 5 project for 3 years and, in New Zealand, general manager of new business at McConnell Dowell for 9 years and general manager at Hawkins company Harker Underground Construction Ltd for just over 2 years.

Mr Williams is a chartered engineer with 15 years’ experience and has led a wide range of projects & contract models. In the UK, he was an engineer at Balfour Beatty plc for 2 years, a project manager for Lancsville Construction Ltd for a year and a geotech designer for Soletanche Bachy for a year, followed in New Zealand by 6 years as a regional manager for Hawkins.

Tim Lancaster.

Mr Lancaster is a commercial specialist with 15 years’ experience in commercial & cost-related roles across the construction industry. He has also held senior operational roles. He was a quantity surveyor then North Island operations manager for Harker Underground for 2 years, commercial manager at Abergeldie Harker Ltd for 2 years and northern regional commercial manager for Hawkins for 15 months. He graduated from Otago University with a BCom degree in economics in 2002 and later studied civil engineering at London South Bank University.

Link: Alta Consulting

Stride names Littlewood as chief executive, Ling as director

Stride Investment Management Ltd appointed Philip Littlewood as chief executive and Philip Ling as a director of the 2 stapled companies which make up the NZX-listed Stride Property Group, Stride Investment Management and Stride Property Ltd. Both appointments were approved on Wednesday and took effect immediately.

Philip Littlewood.

Mr Littlewood was Stride Investment Management’s general manager responsible for all investment management functions and, as a member of the leadership team, helped steer the business through transformational change over the last 3 years.

Stride Investment Management chair Tim Storey said: “Philip is a highly experienced property fund manager and he has impressed the board with his leadership, strategic capability & sector knowledge since joining Stride in 2014.

“Philip was instrumental in devising our strategy to separate our real estate investment management business from our property investment activity, creating the stapled structure which brought together Stride Investment Management & Stride Property to become the listed entity. Stride Investment Management now manages the property portfolios of Stride, Investore Property Ltd & the Diversified NZ Property Trust, with a combined asset value of over $2 billion.

“For the past 6 months, Philip assumed the role of joint-acting chief executive alongside our chief financial officer, Jennifer Whooley. Their leadership focused on achieving operational efficiencies to respond to the recent growth in the business.

“During this time, the board undertook a comprehensive global search to identify a leader to take the business through its next phase of growth. In that process, Philip was a stand-out candidate and was selected with the unanimous support of the board, due to his proven capabilities as an experienced people leader, strategist & high-performing property fund manager with New Zealand market knowledge. This established him as the best person to take the business forward.”

Mr Littlewood said: “I see significant opportunity for our business as we continue to drive our strategy to grow our property investment & management business. I’m proud of the business we have created for Stride Property Group and I’m excited to see where we can take the group.”

Philip Ling.

Mr Ling has 30 years’ experience in funds & property management, in both listed & unlisted entities in New Zealand & overseas. He’s held numerous chief executive & directorship positions.

Mr Storey said: “His excellent track record of driving existing portfolio performance through setting & implementing asset planning strategies is of real value to the board.”

Most recently, Mr Ling was Chicago-based global real estate funds manager LaSalle Investment Management’s chief executive for Asia & the Pacific, leading a team of 175 property professionals at 8 offices, and was responsible for setting & overseeing the implementation of LaSalle’s Asia strategy, along with the performance of its investment products. He chaired the Asia Pacific investment committee and was a member of LaSalle’s global management committee.

His previous senior executive positions included chief executive of Asia-Pacific investment management for Lend Lease and roles at BT Funds Management & Kiwi Income Property Trust.

Harris quits UEM & Opus boards after 7 months

Mohd Shahazwan bin Mohd Harris has resigned from the Opus International Consultants Ltd board after 7 months, following his resignation from the board of UEM Edgenta Berhad.

He’d joined the Opus board as a non-independent director in December, replacing Dato’ Seri Ismail Shahudin, who died last July. He was an executive director in the investments division of the Malaysian Government’s strategic investment fund, Khazanah Nasional Bhd (Opus’s ultimate shareholder), joining in 2005 as a senior vice-president, investments, after working as a consultant in the energy sector for the Boston Consulting Group. He’d also worked at PA Consulting Group and Malaysia’s main energy provider, Tenaga Nasional Bhd, was a former director of Malaysia Airlines Bhd, Penerbangan Malaysia Bhd, Pantai Holdings Bhd and a number of other private companies.

Campbell’s appointment to SkyCity board approved

SkyCity Entertainment Group Ltd has appointed Rob Campbell as a non-executive director, effective last Sunday, after obtaining the requisite regulatory approvals. The casino company had announced its intention to appoint Mr Campbell in April.

Mr Campbell chairs Tourism Holdings Ltd, G3 Group Ltd, Summerset Group Holdings Ltd & King Tide Asset Management Ltd and is a director of Precinct Properties NZ Ltd. He was a director of Viaduct Harbour Holdings Ltd for 13 years, leaving in 2009.

26 June 2017:

McNaughton to leave top Australian retail property job

Angus McNaughton.

Kiwi property executive Angus McNaughton, appointed chief executive of the $A22 billion Vicinity Centres Group in August 2015 after losing out altogether in the merger to form the group, announced last week that he would leave it at the end of the year.

Mr McNaughton decided it was time to move on after spending 10 years at CFS Retail Property Trust Group (ex-Gandel Retail Trust), which became Novion Property Group and, through the merger with Federation Centres (ex- Centro Properties), Vicinity.

Steven Sewell, who had joined Centro as chief executive in 2012, led that side of the merger and was appointed as Vicinity’s chief executive in June 2015, only to be rejected in favour of Mr McNaughton 3 months later.

Mr McNaughton spent 14 years at Kiwi Income Property Trust, 6 as chief executive of its management company, leaving for Singapore in 2008 in a step up within the Commonwealth Bank’s property group as head of the Sandalwood joint venture between Colonial First State Global Asset Management & Jones Lang LaSalle. From there he moved to Sydney as head of the bank’s wholesale property funds.

When Commonwealth decided to internalise management of its 3 property funds in 2013, a joint venture between Dexus Property Group & the Canada Pension Plan Investment Board took over the Commonwealth Property Office Fund, Kiwi Income Property internalised then corporatised as Kiwi Property Group Ltd, and Colonial First State property became Novion in late 2014, with Mr McNaughton as chief executive.

MartinJenkins director to replace O’Riley at Ateed

Nick Hill.

Nick Hill.

Auckland Council economic growth agency Ateed (Auckland Tourism, Events & Economic Development Ltd) has appointed Nick Hill to replace Brett O’Riley as chief executive.

Mr Hill will start on 14 August and Mr O’Riley will leave in September after 5 years at the helm.

Mr Hill is an executive director of specialist New Zealand public policy and management consulting firm MartinJenkins Holdings Ltd, which he joined in 2011 to help establish the firm’s Auckland practice. The firm advises clients on strategy & investment, performance improvement & monitoring, business improvement, organisational improvement, evaluation & research, public policy, economic development, financial & economic analysis and employment relations.

Mr Hill spent 10 years in the energy sector with ECNZ & Fletcher Energy in New Zealand and Santos in Australia, then moved into government roles in 2001, first leading the formation of Sport & Recreation NZ and then as chief executive of the Commerce Commission.

Ateed chair David McConnell said: “Nick is an incisive, strategic thinker, whose business & leadership experience will be invaluable as Ateed continues its work, as a proud Auckland Council agency, to advance Auckland’s prosperity and create our new city.

“Throughout his career, Nick has displayed an ability to operate in complex organisations and lead industry change in government agencies & the private sector, working in partnership with a diverse range of stakeholders to create positive change.

“This will be invaluable in his new role, where Nick will be tasked with leading an organisation which plays a vital role in attracting visitors, direct investment & smart jobs to Auckland, and building an entrepreneurial ecosystem in which ideas, investment & jobs thrive.”

Mr O’Riley announced his intention to leave this year, working to a plan he had advised the board of in 2016.

20 June 2017:

Watson succeeds McDonald in Opus chair

Keith Watson will succeed Dr Kerry McDonald as chair of Opus International Consultants Ltd, taking effective 1 August.

Mr Watson has been on the Opus board for 8 years, chairing the risk and health & safety committee. He was previously a senior executive of Hewlett Packard in North America & Asia, including managing director of Hewlett Packard NZ.

Dr McDonald has been a director of Opus for 10 years, 9 as chair, and announced his retirement at the annual meeting in April.

20 June 2017:

Steele brings gavel north to Bayleys

Sam Steele.

Sam Steele, winner of the Real Estate Institute’s Rising stars auctioneering award last year, has joined Bayleys in Auckland after 4 years at Harcourts Four Seasons in Christchurch.

“Rising stars” contestants must have called fewer than 10 auctions in their career. Mr Steele, who’s competed internationally as a track cyclist, joined Harcourts on a scholarship in 2013. He said on his “rising stars” win last year that he used the discipline he learned as a sportsman in his auction calling: “I’m used to being nervous & under pressure. It’s about channelling that energy into your performance.” He was also mentored by Christchurch auctioneer Phil McGoldrick and attended bi-weekly sessions with other Harcourts auctioneers in the city to practise drills.

Mr Steele replaces Sabine Davidson as an auctioneer in Bayleys’ Auckland head office after she moved to Kerikeri as the agency’s Far North manager. She’ll also remain a group auctioneer.
Earlier story:
23 June 2016: North takes auctioneer title again and Steele best of the newbies

Birkhead takes helm at NZIOB

Graeme Birkhead.

Construction industry executive Graeme Birkhead was named president of the NZ Institute of Building at its annual meeting in Lower Hutt last Thursday. He succeeds Grant Harris, who will remain on the board as immediate past president.

Mr Birkhead has over 30 years’ experience in the building sector. He formed his own company, Graeme Birkhead Consulting Ltd, in 2015 on his departure from Arrow International Ltd, where he was northern director for 20 years. He was president of the Property Council’s Auckland branch for 2 years and is still a board member, and is an advisory board member of the Auckland Council urban design panel.

He has a bachelor of engineering (civil) degree from Auckland University’s Engineering School and began his career with the Fletcher Construction Co Ltd. Before joining Arrow, he worked with international consulting engineers Ove Arup & Partners in London.

Institute of Building chief executive Malcolm Fleming said: “Graeme has led major projects including largescale housing developments, business parks, manufacturing facilities, infrastructure works & public-sector facilities.

“He wants to raise the NZIOB’s profile, expand its work programme and grow its membership, with a particular focus on engaging younger construction practitioners. That ties in nicely with our proposed STEM in spades (science, technology, engineering & mathematics) programme, with those that the NZIOB introduces to the construction sector, being our graduates & apprentices of the future.

“STEM in Spades is all about opening the eyes of career advisors & students to the myriad of exciting career opportunities that are on offer in the construction industry. The sector is technology-rich & a drawcard to bright young people, with entry points via the trades, polytechnics or university qualifications.”

Hilder gets new finance role at Precinct in senior management rejig

Richard Hilder.

Precinct Properties NZ Ltd has appointed its finance general manager, Richard Hilder, to lead the finance function in the role of chief financial officer. The NZX-listed company has also made senior management changes to support delivery of its strategy.

Chief executive Scott Pritchard said on Monday: “This new appointment reflects the significant contribution Richard has made to the business since he joined the team in 2010. With 12 years’ experience in the listed property sector, Richard has helped shape the direction of Precinct in recent years with his work on our long-term strategy, the Commercial Bay project, recent capital management initiatives and his leadership of the finance & analyst teams.”

Reflecting the increased activity of the business and Precinct’s strategy to maintain an active investment approach, its property general manager, Kym Bunting, has been appointed to the newly created role of transactions general manager. Mr Bunting will lead Precinct’s acquisitions & disposals as well as leading its office development precommitment leasing.
Chief operating officer George Crawford was appointed to that role 2 years ago to provide commercial leadership & support across the business. He will now increase his commercial management responsibilities, assuming leadership of the property team, and will be responsible for performance of the investment portfolio.

39 promoted at Jasmax

Architectural practice Jasmax Ltd has promoted 39 staff – 3 to associate principal, 14 to senior associate & 22 to associate.

The 3 associate principals:

Sarah Bryant.

Sarah Bryant, a senior workplace strategist at NotYetKnown, Jasmax’s strategy division. Before joining NotYetKnown, she practised as a designer of commercial interiors for 13 years, delivering over 30 workplace designs in New Zealand & the UK. Most recently, she led the workplace design of Fonterra’s award-winning global headquarters in the Wynyard Quarter and was highly commended at last year’s National Association of Women in Construction awards. Jasmax said in its release: “She’s also particularly passionate about the incorporation of health & wellness across organisations, and is currently researching how she can integrate this into her workplace consulting.”

Andrew Grant.

Andrew Grant has 28 years’ architectural experience, the last 6 with Jasmax. Before that, he had his own practice for 17 years and developed extensive experience in education, banking, retail & domestic architecture.

Jerome Partington has led Jasmax’s sustainability agenda for 10 years and, “through his exploration, networking, tenacity & passion”, has been instrumental in cementing Jasmax as a leader in sustainability.

Jerome Partington.

The firm said Mr Partington’s work developing strategy & processes, together with guiding, mentoring & coaching teams had helped Jasmax win a range of accreditations & awards for its clients & business. Most recently, he supported the verification process through to completion of New Zealand’s first certified living building, Ngai Tuhoe’s tribal headquarters, Te Kura Whare.

Jasmax says its senior associates “can best be described as our emerging leaders, demonstrating a wide contribution across the practice in a specialist capacity, are peer leaders or have a significant capacity within our studios”. The 14:

Liz Aston, Jane Rickit, Laura Mahon, Barbara Van Zyl, Christopher Samuelian, Cameron Pollock, Matthew Downs, Tomasz Gibowicz, Anna Ryder, Meiling Honson, Kate Larkin, Louise Goss, Oliver Haydon & Tim Stephens.

Associates have been recognised as having demonstrated a wider contribution to Jasmax beyond their role. The 22:

Kate McDougall, Mark Vryenhoek, Thane Houston-Stevens, Phillip Bond, Roberta Johnson, Paul Lelieveld, Ludovic Bacon, Annis Lee, Stephanie Darlington, Matteo Garbagnati, Else Benjamin, Ryan Simpson, Maja Gibowicz, Vesna Paligora, Prue Fea, Patricia Lai, Philp Judd, Melanie Kassian, Mike Weatherall, Marcus Robinson, Averil Moore & Sandra Hu.

19 June 2017:

Lunny moves to Smales Farm

Scott Lunny.

Scott Lunny, who resigned as Argosy Property Ltd’s investor relations manager at the end of May, will join Smales Group Ltd as its chief financial officer on 3 July.

Smales Farm chief executive Paul Gunn said the appointment came at an opportune time as the Smale family company undergoes an exciting transformational shift, driven largely by growing acclaim for its development of Smales Farm’s new 65,000m² business & lifestyle precinct and innovative B:HIVE building.

Smales Farm sits between Auckland’s Northern Motorway & the Northern Express busway on one side and Taharoto Rd on the other.

Mr Gunn said Mr Lunny would play an integral role in developing & implementing financial & operational strategies to assist the growing team at Smales Farm as it drives the vision of creating a world-class innovative, sustainable & interactive urban community.

Mr Gunn said Mr Lunny brought new thinking to the future development of the business, while his extensive industry experience, particularly from the listed property sector, made him the perfect candidate for the role.

Mr Lunny said: “Having been raised and educated on the North Shore, I’m looking forward to contributing to the vision, continued growth & development of the Smales Farm business and the benefits this will bring to the region.”

He has 19-years’ experience in banking, managed funds & property, and expertise in all aspects of financial reporting, treasury, tax management & investor relations.

After several years in Argosy’s finance team, he was appointed as its inaugural investor relations manager in 2013, responsible for the company’s improved communications & stakeholder management.

Mr Lunny worked as a chartered accountant before his property career. He has a bachelor of business studies degree and a postgraduate diploma in business & Administration, majoring in finance, from Massey University.

2 June 2017:

Stack appoints 2 directors & 3 new design staff

Interior design firm Stack has appointed 2 staff as directors and has hired 2 new designers and a project manager.

The new directors are David Plaistowe & Daryl Howarth.

Mr Plaistowe joined Stack 7 years ago from the UK, where he’d been working for the architecture & design firm Pringle Brandon (now Perkins+Will) as a senior architect & designer, undertaking projects for major clients such as Barclays Bank.

Mr Howarth’s background is in construction project management. He joined Stack 6 years ago after wanting a shift to more specialised project management.

Director Rose Whitley said: “During their time with us they’ve built up huge knowledge, skills & experience and have become leaders in their fields – David as the design team leader and Daryl as the project management team leader. They’ve been associates for the past 4 years.”

Ms Whitley said the firm was almost 20 years old: “It’s now about allowing the young guys to progress upwards, bringing a fresher skillset & new ideas. After years of commitment & input to Stack, it’s great to support them to take leadership roles going forward – ensuring the continued success of Stack.”

The firm’s 3 new members of staff are:

Jason Phillips, senior designer, has years of corporate & retail design experience and a passion for mentoring young designers
Bianca de Agrella, graduate designer, originally from Cape Town, has had experience with residential design
Hayley Wolf, project manager, has a background in events management world and a focus on customer service.

Thomson moving from Air NZ to Metlifecare finance role

Metlifecare Ltd has appointed Richard Thomson to replace Tristram van der Meijden as chief financial officer. Mr Thomson, who’s Air NZ commercial group general manager, will join Metlifecare in mid-September and Mr van der Meijden will remain with the company until the end of September to enable a smooth transition. He’ll also continue to be available to Metlifecare beyond that as required to ensure continuity.

Mr Thomson has held a number of senior executive roles at Air NZ since he joined the airline in 2005 after a year as a corporate finance associate director at accountancy firm PwC.

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