On the move, December 2018

Alexander moves from Morrison to SkyCity
SkyCity Asian sales role
Ex-Gaze team sets up Interspace
McDermott exits Reserve Bank for Motu in March
Barnett returns to AlexanderDorrington
Winkelmann appointed Chief Justice
Aurecon names new leader for energy, resources & manufacturing business
New head for Aurecon Australia/NZ among global appointments
Super Fund appoints investment leader
Hoerler joins Reserve Bank leadership team
PFI leaders get new titles as independent contracts end
Torrie joins Colliers
Graham to head AMP Capital NZ
Affleck appointed as team leader
Real Estate Institute appoints 3 life members

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

21 December 2018:

Alexander moves from Morrison to SkyCity

SkyCity Entertainment Group Ltd has appointed Peter Alexander to the newly created role of chief property officer, effective from no later than 18 March 2019, following his departure this week from HRL Morrison & Co Ltd, where he was director of New Zealand private equity real estate for the last year. At SkyCity, he will be responsible for the group’s property investment & development activities in New Zealand & Australia.

Mr Alexander has 30 years’ experience in investment management, primarily in property investment & development, in New Zealand & overseas. Before his year at Morrison & Co, he was chief executive of Stride Property Group for 3 years and property general manager for Auckland International Airport Ltd for 5 years.

One of his earliest ventures into senior management was at Property For Industry Ltd, where he was general manager for 5 years. He followed that with 3 years setting up a private equity real estate funds management business for AMP Capital Investors (NZ) Ltd and beginning investment in it, and was general manager of acquisitions & new business for Goodman Property Trust manager Goodman (NZ) Ltd for 2 years.

Mr Alexander is a trustee of the Dilworth Trust Board, chairs community housing provider Homes of Choice Ltd and is a non-executive director of HLC (2017) Ltd (the former Hobsonville Land Co Ltd, now with an expanded role).

Mr Alexander is a former member of Auckland City Council’s Property Enterprise Board and a former Auckland branch chair of the Property Council. He graduated from Auckland University with a bachelor of property degree in real estate in 1988.

SkyCity Asian sales role

SkyCity Entertainment Group Ltd has appointed John Chong to the newly created role of Asian sales & commercial strategy president, reporting to the group international gaming general manager, effective from 1 January. Mr Chong is based in Hong Kong and was most recently international marketing president for The Star Entertainment Group. He’s worked in the gaming sector in Asia for Melco Crown, Caesars, Sands China & Naga Corp.

18 December 2018:

Ex-Gaze team sets up Interspace

Rob Wesley & Sam Kenny have set up design & build company Interspace Commercial Holdings Ltd, with Jeff Wesley as an executive director, Mark Wheeler as finance manager and Lindsey Heileson as project manager.

Rob Wesley has left Gaze Commercial Ltd after 3 years as Auckland commercial manager. He held business development & sales manager roles during 8 years in London, after a short stint as a locum broker for ING Life in Auckland.

Mr Kenny was a project manager at Gaze Commercial for 2 years after being a designer at 2 London studios in 2009-10, 3½ years as a designer at CTRL Space Ltd & 2 years as senior quantity surveyor at Total Property Worx Ltd.

Jeff Wesley headed Turners Auctions for 8 years and was Turners & Growers Ltd managing director for 7 years, retiring in 2012.

Mr Heileson was a project manager at Gaze Commercial for 18 months after 6 years as operations manager at Image Interiors Ltd.
Link: Interspace

McDermott exits Reserve Bank for Motu in March

Reserve Bank chief economist Dr John McDermott will leave the bank for the third time next year to join the economic research institute Motu.

He rejoined the bank in June 2007, heading its economic function, and will stay on until the bank issues its monetary policy statement in February.

In the Reserve Bank’s leadership restructure in November, Dr McDermott, who’d been assistant governor & head of economics, accepted the role of chief economist & head of department for economics in the economics, financial markets & banking group. He was not a member of the new senior leadership team.

Governor Adrian Orr said today Dr McDermott “has been an incredibly loyal & influential member of the Reserve Bank team, and has made a valuable contribution to the management of monetary policy”.

Dr McDermott was an economist at the Reserve Bank from 1988-90 after graduating from Auckland University with a BSc & MCom in economics. In 1994 he graduated with his doctorate in economics from Yale University in the US, worked as an economist at the International Monetary Fund for the next 4 years, and was a manager in his second stint at the Reserve Bank from 1998-2001.

He was the National Bank’s chief economist until 2006, and an associate professor at Victoria University of Wellington through to his third period at the Reserve Bank.

Barnett returns to AlexanderDorrington

Angela Barnett rejoined law firm AlexanderDorrington in September, after leaving in 2003 to start her family and run a property management business. She’s a solicitor with over 15 years’ experience, whose passion for property has defined her career, giving her both client-side & law firm experience.

She’s bought various residential properties in Auckland and also project-managed several residential subdivision projects.

As a solicitor, Ms Barnett has acted for a wide range of clients, including commercial & residential property developers, property investors, companies & organisations with extensive leasing portfolios, and private clients. Having also worked for a large law firm, Ms Barnett was involved in the acquisitions & disposals of commercial property, subdivisions, property development projects, commercial leasing, vendor & purchaser due diligence investigations, advising clients & managing their property portfolios. She also practised in the UK.

Winkelmann appointed Chief Justice

Justice Helen Winkelmann was appointed Chief Justice yesterday, and also as a judge of the Supreme Court.

Prime Minister Jacinda Ardern announced the appointment, effect 13 March on the retirement of Dame Sian Elias.

Ms Ardern said: “The consultation process highlighted the enormous esteem Justice Winkelmann is held in by the legal community. There was a high degree of consensus from all quarters for her appointment.”

Ms Ardern said Justice Winkelmann’s peers, and the profession, recognised her “for her superior intellect, her judicial instinct & experience, coupled with strong leadership, qualities that I am sure will make an outstanding chief justice.”

Justice Winkelmann graduated from Auckland University in 1987 with an LlB & BA in history and began work as a law clerk with Auckland firm Nicholson Gribbin (later Phillips Fox, now DLA Piper). In 1988, at age 25, she became the first female partner and one of the youngest partners ever in the firm’s then 117-year history.

In 2001 Justice Winkelmann left Phillips Fox to join the independent bar, specialising in commercial litigation, insolvency & medico legal. She was appointed a High Court judge in 2004 and chief High Court judge in 2009. In 2015 she was appointed to the Court of Appeal.

Aurecon names new leader for energy, resources & manufacturing business

Melbourne-headquartered global engineering & infrastructure advisory company Aurecon Group Pty Ltd appointed Paul Gleeson yesterday as managing director of energy, resources & manufacturing.

Incoming chief executive William Cox said Mr Gleeson would lead Aurecon’s business in Australia, New Zealand, Asia & Africa, pursuing opportunities to innovate as each industry undergoes rapid change: “Paul previously led our energy business on Australia’s east coast, driving the significant growth in our core business and establishing our energy advisory business over the last 5 years. He will remain focused on driving our development, now across all of energy, resources & manufacturing sectors globally.”

Mr Gleeson has worked on some of the most significant projects in the Australian energy market, advising on the acquisition of TransGrid; the development, design & delivery of Australia’s largest solar farms; and the ongoing implementation of the South Australian energy plan, which led to the installation of the world’s largest lithium-ion battery.

Mr Gleeson said: “As energy systems transform the world over, it’s critical that key agencies collaborate to look at the system as a whole, shifting their focus to what is best for consumers in relation to affordability, reliability & sustainability. This is particularly relevant given the rising use of renewable energy in Australia, creating a greater need for collaboration between industry & the Government to achieve integration of infrastructure. We see this clearly on the energy storage projects we are involved with, both battery & pumped hydro.”

He said the priority for New Zealand was to consolidate the region’s strong manufacturing & energy business and help clients implement new technologies & digital solutions to optimise their processes, and transition to the production of higher value products.

“We’re seeing considerable potential as we embed our advisory practices more closely with our technical offerings for our energy, resources & manufacturing business areas, specifically programme advisory & digital advisory, to help asset owners optimise their operations.

“In Africa, our focus for the resources sector will be building on our great track record & solid opportunities throughout sub-Saharan Africa, while for the energy sector it will be about supporting clients through some significant challenges in the next few years.”

Mr Gleeson replaces Dr Alex Wonhas, who’s been appointed as a senior executive at the Australian Energy Market Operator.

Mr Gleeson is a fellow of the Institution of Engineers Australia and a graduate of the Australian Institute of Company Directors. He holds a certificate in design-led innovation from Stanford University and a bachelor of engineering degree from the Queensland University of Technology.

New head for Aurecon Australia/NZ among global appointments

 The new global chief executive of engineering & infrastructure advisory company Aurecon Group Pty Ltd, William Cox, has made 4 senior appointments since he was named to the top job on 20 November, although he doesn’t actually take up his appointment until 1 February.

The latest of them (details above) is to appoint Paul Gleeson as managing director of energy, resources & manufacturing.

On 10 December, Mr Cox added 2 more female senior leaders to Aurecon’s global executive leadership team, appointing Louise Adams as managing director for Australia & New Zealand and Francoise Merit as global chief financial officer.

Mr Cox announced his intention to continue Aurecon’s rapid growth & continuing diversification across digital, advisory & Asia, following record profit margins over the last 3 years. He sees immense potential in transport infrastructure, the built environment & the fast-growing data centre sector.

Mr Cox is a civil engineer with over 30 years’ experience in transport, aviation & infrastructure in Australia & the UK, and has just completed a term as Aurecon’s managing director for Australia & New Zealand.

Ms Adams takes over that role from him on 1 February after being regional director responsible for Aurecon’s South Australian & Victorian practice and the first female member of Aurecon’s global board.

Ms Adams has extensive experience as a project manager & chartered civil engineer, leading major civil & multi-disciplinary projects in the UK, Australia, Ireland, Iran, India, Malaysia, Thailand, Laos, Singapore, Guyana, North America, Pakistan, Libya, Qatar & the UAE. She headed Aurecon’s Victoria & South Australian operations for the last 3 years, became the first Australian woman on the group’s global board in 2013 and is global spokesperson for women in leadership. In 2016, she was highly commended as female champion of change in Consult Australia’s excellence awards and this year she was awarded a chief executive women scholarship to attend the Wharton Business School in Philadelphia.

The new global chief financial officer, Francoise Merit, was appointed chief financial officer for Australia & New Zealand in February 2018. Her predecessor in the global role, Andrew Muller, has become chief operating officer.

Ms Merit finished an 11-year career at French solutions group Thales SA’s Sydney office as finance general manager in February, following 4 years in Australian defence industry finance.

Mr Muller joined Aurecon in 2016 as global chief financial officer after an 18-year career with Lendlease Corp, where he held a range of senior financial management positions in Australia & globally.

Super Fund appoints investment leader

The Guardians of NZ Superannuation, the Crown entity that manages the $39 billion NZ Super Fund, appointed Stephen Gilmore on 12 December as chief investment officer. He’ll join the Guardians in late February and will be a member of the Guardians’ leadership team & investment committee.

A New Zealander, Mr Gilmore has extensive global experience and was most recently chief investment strategist at the $A148 billion Future Fund in Australia, where he held a series of senior investment roles from 2009-18.

Guardians chief executive Matt Whineray, who was chief investment officer until July, said on Friday: “We are delighted to have been able to attract a global investment leader of Stephen’s calibre to the Guardians. The NZ Super Fund is expected to grow strongly over the next few years and Stephen’s experience at the Future Fund, one of the world’s leading sovereign wealth funds, will be invaluable.”

Mr Gilmore said: “I am a great admirer of the NZ Super Fund’s strong investment performance & culture. After many years abroad, I am looking forward to the opportunity to return to New Zealand and make a contribution to the fund’s ongoing success.”

Mr Gilmore will lead a 45-strong team of investment professionals responsible for the appointment & monitoring of the fund’s external investment managers; New Zealand & international direct investment; responsible investment; and asset allocation, including macroeconomic strategy & the Guardians’ strategic tilting programme.

A chartered accountant, he has an MCom in economics from Canterbury University and began his career with roles at Otago University & the Reserve Bank. Mr Gilmore’s career also included periods with Banque AIG, Morgan Stanley, the International Monetary Fund & Chase Manhattan Bank.

Hoerler joins Reserve Bank leadership team 

The Reserve Bank appointed Patrick Hoerler to its senior leadership team last week, as assistant governor & general manager of business operations.

Mr Hoerler joined the Reserve Bank in January 2017 and was most recently its head of risk & audit. In his new roles, he will lead the bank’s digital services, property assets & security teams and have responsibility for the bank’s business continuity office in Auckland.

Before joining the Reserve Bank, Mr Hoerler was Mercury Energy Ltd’s risk assurance officer & previously its treasurer. He’s Swiss, has a background in corporate treasury, finance & international banking, and worked in Switzerland, New York & Singapore before moving to New Zealand.

PFI leaders get new titles as independent contracts end

Property for Industry Ltd has appointed Simon Woodhams as chief executive and Craig Peirce as chief finance & operating officer from 1 January, when they switch from being independent contractors to full-time employees.

Greg Reidy, managing director since 2012, will remain an independent contractor until 30 June 2019, when he will become a non-executive director.

These appointments, announced on 11 December, follow on from the internalisation of the management contract in mid-2017 and are part of the PFI board’s long-term approach to succession planning.

PFI chair Anthony Beverley said: “Greg, Simon & Craig have been instrumental in the growth & positive progress of PFI and its positioning as a leader in industrial property investment in New Zealand.

“We are delighted that Simon & Craig will now be joining PFI’s leadership team on a full-time basis. They both are very experienced executives with a deep knowledge & understanding of our business & the industry we operate in. This is of great value for PFI as we continue to focus on delivering strong, stable returns to our shareholders.”

Mr Beverley said Mr Reidy had played a significant role in PFI’s success, from the formation of the Direct Property Fund in 2003 & its growth to $400 million of assets, through to the purchase of the PFI management contract & merger of the 2 businesses in 2013. PFI now has $1.2 billion of assets.

Torrie joins Colliers

Grant Torrie has joined Colliers International as marketing operations director after 8 years at Fairfax Media NZ Ltd & Stuff Ltd, finishing as head of consumer marketing. His areas of expertise include digital, traditional & services marketing. He’s replaced Jeremy Graham, who’s stepped down after 8 years to spend more time with family. Mr Graham also spent 3 years as commercial & industrial marketing manager at Bayleys.

Bevan Graham to head AMP Capital NZ

AMP Capital Investors (NZ) Ltd has appointed Bevan Graham as New Zealand managing director & chief economist, effective 1 January. He’s been chief economist since 2011 after a career that began in 1988 as an economist for the ANZ Bank, included similar roles at Westpac Banking Group & AXA Global Investors and 2 years as chief economic advisor for the National Party.

Mr Graham will replace AMP NZ managing director Grant Hassell, who’s moving to a new role as AMP Capital’s global head of fixed income but will remain on the AMP NZ board.

Affleck appointed as team leader

Engineering & design consultancy Harrison Grierson Consultants Ltd has appointed Peter Affleck as building services team leader at its Wellington office. He was a senior associate at Norman Disney & Young in Wellington for the last 13 years.

Mr Affleck is a mechanical engineer specialising in building services with over 20 years’ experience in New Zealand & London. He has specialist expertise in mechanical services (HVAC) & fire protection services design consultancy work, as well as project leadership. He was project leader & mechanical engineer on the long-running & complex NZ Post House project in Wellington, and project leader & lead mechanical engineer for the energy-efficient retrofit of the historic Te Puni Kokiri House.

Real Estate Institute appoints 3 life members

The Real Estate Institute has appointed 3 new life members – Brian Waldegrave, Euon Murrell & Graham Crews.

Mr Waldegrave has been involved in Bay of Plenty real estate for 40 years, and was a shareholder & director of Eves Realty Ltd, Realty Services Holdings Ltd & Success Realty Ltd, a member of the institute’s Waikato/Bay of Plenty/Gisborne district committee and chaired the investigation sub-committee. He’s been a fellow of the institute since 2008.

Mr Murrell has been in the real estate industry in Wellington for 35 years, and extensively involved with the institute for 20 years. He was on the Wellington district committee for 10 years, 8 as president, was on the old institute council for 2 years, and a region 3 director for 8 years, retiring in 2016. He was made a fellow of the institute in 2012.

Mr Crews took up real estate sales in 1986, building his way to his current role as a compliance trainer, mentor & arbitrator. He was instrumental in the industry’s liaison with the Government to develop the new Real Estate Agents Act in 2007-08 and has often appeared as an expert witness in front of various judicial bodies. He’s been an institute fellow since 2004.

Got an appointment you want the world to know about? Hit this email tab – [email protected].nz.

Comments are closed.