On the move, November 2018

Walters joins K3 Legal
New Metro Glass chief now due this month
Penney to join Stride as investment manager
Reserve Bank redesigns leadership structure
Lowndes appoints Dewe as director

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.

11 November 2018:

Walters joins K3 Legal

Jeff Walters.

Property & construction law specialist Jeff Walters has joined the K3 Legal team, taking the number of directors to 8.

Mr Walters has 19 years’ experience in the sector, including acting for some of New Zealand’s largest organisations.

He said of his appointment: “K3 is very distinct in the way it goes about the business of law and I’m excited by those opportunities. And having the K3 Accounting & K3 Consulting teams working alongside K3 Legal will be very useful, particularly for construction & property clients.

Mr Walters started his career with Chapman Tripp in Auckland before a stint with Chapman Tripp in Wellington and then a return to Auckland & Bell Gully. In 2012, he joined Lowndes as a partner, where he spent 5 years, followed by 18 months at Anderson Creagh Lai.

He’s presented seminars on topics such as residential development in Auckland, the Building Act 2004, the Property Law Act 2007, the NEC form of construction contract, and limited liability partnerships & property development.

He advises on all property matters, including property management, acquisition & disposal, hotel leasing, management & brand franchising, commercial, retail & industrial leasing, development, construction, and mortgagee sales.

“My clients include developers who are buying land, building on it and then onselling, so I’m involved with their projects from beginning to end. I also work on residential & commercial sales & leasing, and advise on construction disputes.”

In addition to his law degree from Auckland University, Mr Walters has a masters in art history so has a keen appreciation of the many artworks adorning K3’s walls.

6 November 2018:

New Metro Glass chief now due this month

Metro Performance Glass Ltd’s new chief executive, Simon Mander, will join the company 2 months earlier than anticipated when he was appointed in August.

His start date has been brought forward from January to Monday 19 November.

Mr Mander has been chief executive at Tru-Test Corp Ltd for a year. Swiss company Datamar SA completed its acquisition of Tru-Test at the end of September. That was one of 3 short appointments for Mr Mander since January 2016, when he left Rapak Asia Pacific after 11 years as managing director. He was general manager of transformation at Fletcher Building Ltd’s building products division for the next 8 months, then headed Fletcher subsidiary Firth Industries Ltd’s masonry, dricon & CSP Pacific businesses for a year.

Penney to join Stride as investment manager

Stride Investment Management Ltd has appointed HRL Morrison & Co Ltd investment director Steve Penney as investment general manager, starting in February.

In his 6 years at Morrison & Co, he’s led property investment & redevelopment projects and managed multi-functional teams to deliver property investment strategies. At Stride, he will be instrumental in the next evolution of the property group’s investment management fund strategy.

Before joining Morrison, he spent 8½ years at PricewaterhouseCoopers, where he advised governments on largescale infrastructure projects in both New Zealand & Australia, with a focus on the financial & commercial aspects, and gained extensive experience in corporate treasury & financial markets.

Stride chief executive Philip Littlewood, who joined the company in June 2017, said this appointment completed his executive team, which now had “the right mix of domestic & international experience to seek new opportunities & further grow Stride Property Group”.

Reserve Bank redesigns leadership structure

The Reserve Bank is creating a new senior leadership team to achieve its vision of “great team, best central bank”. The new structure will take effect in December.

Reserve Bank governor Adrian Orr said last Friday the new team would better balance the workload, allow leaders to operate more strategically and provide more depth in teams for growing capacity & capability.

“The Reserve Bank currently has a senior management group made up of 13 positions. The new leadership structure is focused & better aligned to how we operate as a whole – across people; systems & processes; policy; and relationship management.”

Mr Orr said bringing about the new team had implications across the bank. Affected staff had been consulted, some had taken new positions on the team or other leadership roles in the bank, and a few had elected to leave the bank.

Appointments to senior leadership team:

  • Geoff Bascand (currently deputy governor & head of financial stability) has accepted a role on the team as deputy governor & general manager of financial stability
  • Lindsay Jenkin (currently head of human resources) has accepted a role on the team as assistant governor/general manager of people & culture
  • Mike Wolyncewicz (currently chief financial officer & head of financial services group) has accepted a role on the team as assistant governor/chief financial officer finance.

Mr Orr said the bank would start recruiting soon for the remaining 3 roles on the team.

Leadership changes:

  • John McDermott (currently assistant governor & head of economics) has accepted the role of chief economist & head of department for economics in the economics, financial markets & banking group
  • Toby Fiennes (currently head of prudential supervision department) has accepted the role of head of department for financial stability policy & analytics
  • Steve Gordon (currently head of currency, property & security) has accepted the role of head of department banking in a newly formed economics, financial markets & banking group
  • Patrick Hoerler (currently head of risk, assurance & assessment) has accepted the role of head of department for risk & audit in a newly formed governance, strategy & corporate relations group
  • Steffi Schuster has accepted the new role of head of department for data & statistics
  • Andy Wood has accepted the new role of head of department for financial system oversight.


  • Sean Mills (assistant governor & head of operations), Mark Perry (head of financial markets) & Klarissa Plimmer (chief information officer & head of digital services) have elected to leave the Reserve Bank
  • Bernard Hodgetts (head of macro-financial department, who is currently seconded as director Reserve Bank review in the Treasury) has also chosen to leave the Reserve Bank after he finishes his role leading the review.

2 November 2018:

Lowndes appoints Dewe as director

Kerri Dewe.

Law firm Lowndes Ltd has appointed Kerri Dewe as a director. She joined the firm in 2011 after her return from 3½ years as a senior associate at Dentons in Dubai.

She became a principal of Lowndes in 2013 and has developed her practice in corporate and mergers & acquisitions law. Chambers Asia Pacific recognised her in 2014 as ‘associate to watch’, and Legal500 Asia Pacific in 2018 as a ‘next generation lawyer’.

She regularly advises on constitutional & governance issues, corporate refinancing, securities legislation, regulatory compliance, consumer law & non-contentious employment matters, and has experience in telecommunications & technology law, advising on procurement, outsourcing, licensing, compliance, internet-related issues & energy projects.

After graduating from Otago University in 2002 with an LlB (honours – first class) & BCom (economics), Ms Dewe joined Chapman Tripp in Auckland then spent a year as a project manager for the initial roll-out of Vodafone’s 3G network, liaising with stakeholders, including external consultants, local government, landowners & community groups, negotiating multiple site agreements and contributing to upper management decisions.

She joined Lowndes Jordan (LowndesLaw’s first independent firm) for 2 years before her stint in Dubai.

Ms Dewe is also an endurance athlete, competing in the Kona world ironman championship in Hawaii last year.

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