Tag Archives | On the move

On the move, December 2017

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.

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.

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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On the move, May 2017

Lunny leaves Argosy
Lochead-MacMillan joins Lock Finance
Gimblett named development general manager at Goodman
Changes at Heritage NZ & Maori Heritage Council
Duggan moves to Green Building Council
Beca appoints Jon Williams as its 5th chief specialist
RCP names Watchorn as regional manager, welcomes back Koolen
Inno Capital secures Roger Kerr for new project
RDT Pacific moves into Creative Spaces’ old office
3 reappointed to National Infrastructure Advisory Board
Opus appoints new Malaysian director
Arnold joins Markets Disciplinary Tribunal
Housing NZ awards scholarships
Mint’s Richardson assumes chair at corporate governance forum
Beverley named deputy chair of PFI
RCP promotes 7 staff
Key to join Air NZ board

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.

30 May 2017:

Lunny leaves Argosy

Scott Lunny has resigned as Argosy Property Ltd’s investor relations manager to take up a role as chief financial officer of a private company.

Mr Lunny was financial controller for his first 7 years at Argosy, moving to investor relations manager in 2013. For the previous 5 years he was fund accountant at ING (NZ) Ltd. Following 2 years working for various fund managers in the UK.

He’s a chartered accountant and has a bachelor of business studies degree and a postgraduate diploma in business & administration, majoring in finance, both from Massey University.

25 May 2017:

Lochead-MacMillan joins Lock Finance

Sarah Lochead-MacMillan.

Lock Finance Ltd has appointed business mentor Sarah Lochead-MacMillan as its business development manager.

Mrs Lochead-MacMillan came to New Zealand from England with her family in 2006, “living on a rural lifestyle block and thoroughly embracing the life”. She gained her experience in the finance sector in the UK with Barclays PLC and Close Brothers Private Bank and in New Zealand with ANZ Bank, in frontline & operational roles.

Since then, she said, “With more than a decade of experience in networking, business advisory & business finance, I have specialised in helping business owners improve their cashflow management & profitability. I am an accredited business mentor, banking & finance mentor and published author.”

She’s treasurer and a board member of the local business association, trustee for the Manukau Heads Lighthouse Trust and a volunteer with Business Mentors NZ.

Lock Finance Ltd & SH Lock (NZ) Ltd are finance arms of the Amalgamated Dairies Group, controlled by the Goodfellow family. Peter Goodfellow, who chairs SH Lock & fishing company Sanford Ltd, has also chaired the National Party for the last 8 years. The finance companies offer funding options targeting small & medium-sized businesses include working capital, trade finance, debtor finance & factoring.

24 May 2017:

Gimblett named development general manager at Goodman

Michael Gimblett.

The Goodman Property Trust’s manager, Goodman (NZ) Ltd, has appointed Michael Gimblett as development general manager, effective 1 June. He replaces Peter Dufaur, who is leaving the business in September.

Mr Gimblett has over 15 years’ experience in the property industry and joined Goodman in 2004 after 4 years as a leasing broker at Colliers. He leads its property services team and has been responsible for the active management of the trust’s stabilised property portfolio. He’s also held roles in acquisition, portfolio management & development management.

Changes at Heritage NZ & Maori Heritage Council

Arts, Culture & Heritage Minister Maggie Barry has announced the appointment of 4 new members to the Heritage NZ board and Maori Heritage Council.

The new members of the Heritage NZ Pouhere Taonga board are Bryce Barnett, Chris Cochran, Kim Ngarimu & David Nicoll and the new members of the Maori Heritage Council are Chris Cochran, Rebecca (Liz) Mellish & Paul White.

Wayne Marriott has retired from both boards, Brian McGuinness & Storm McVay from Heritage NZ and Richard Bradley & Antoine Coffin from the Maori Heritage board after 3-year terms.

Bryce Barnett, a chartered accountant & fellow of the Property Institute, founded syndication company KCL Property Ltd in 1993 and took it into a merger with NZX-listed Augusta Capital Ltd in 2013. He’s an executive director of the parent company & its syndication subsidiary, Augusta Funds Management Ltd.

He’s also been restoring a heritage property in Northland, is a trustee of the National Military Heritage Charitable Trust which runs the Great War Exhibition, a trustee of Puke Ariki Development Trust and chairs the Taranaki Helicopter Trust.

Chris Cochran, a member of the NZ Order of Merit, is one of New Zealand’s most experienced conservation architects, having worked for the Ministry of Works in an advisory role to the Government on heritage buildings and then practised on his own account since 1988. Among the buildings he’s worked on are Old St Paul’s, Parliament Buildings &d Futuna Chapel in Wellington, the Sarjeant Art Gallery in Whanganui and the Scott & Shackleton huts in the Antarctic.

Liz Mellish (Te Atiawa, Taranaki, Ngati Ruanui) chairs the Palmerston North Maori Reserve Trust and has been a trustee of the Ngahuru Charitable Trust, Wharewaka o Poneke Charitable Trust and Matiu Island Charitable Trust.  She’s an advisor to the Lion Foundation, director of Wharewaka o Poneke Enterprises Ltd, member of Ara Tahi (committee of Greater Wellington Regional Council), chair of the Roopu Tiaki and chair of the Card Reserve Artificial Surface Trust.

Kim Ngarimu (Te Aitanga a Mate, Ngati Porou) chaired the officials committee that supported the Cabinet Committee on Treaty of Waitangi negotiations. She’s the director of consulting company Taua Ltd, which provides public policy & management advice. She was deputy secretary at Te Puni Kokiri for 7 years and the acting chief executive of the Ministry of Women’s Affairs for 6 months in 2012, and was recently appointed to the Te Mangai Paho board.

David Nicoll is an Auckland lawyer with experience in governance & fundraising in the heritage & cultural sectors, including being a founding trustee of the Auckland Museum Foundation. He’s also associated with the Melanesian Mission & other Auckland heritage projects.

Paul White (Te Rarawa), a Northland management & development consultant, has been involved in Maori development for over 25 years and has wide experience in the public sector. He was the chief executive of Ngai Tahu Development Corp Ltd, regional director for Te Puni Kokiri in Tai Tokerau and branch manager for the Housing Corp in Northland. He is a director of Top Energy Board, chairs Te Rarawa’s asset holding company, is a Te Rarawa representative on Te Hiku o te Ika Leadership Forum and an elected negotiator for Te Rarawa’s iIwi research & development group, which co-ordinates & integrates research at iwi & hapu levels.

17 May 2017:

Duggan moves to Green Building Council

Joanne Duggan.

The NZ Green Building Council has appointed Joanne Duggan as director of marketing & partnerships, starting in the new role next month.

Ms Duggan said, “The launch of new residential & commercial buildings services provides an exceptionally exciting time to join the council. I believe we will see a surge in the demand and awareness of the need for more quality & resilience in our built environment.
My passion for sustainability drew me to Resene and I am proud of the stance they’ve made to the paint industry in New Zealand. I’m now really looking forward to working at an industry level for such an important organisation and contributing towards the sector moving forward.”
Ms Duggan has worked for product manufacturers for 23 years, including being architectural & specifier market manager at Resene Paints Ltd for the last 11 years.

She will assist the Green Building Council to build on the tenfold increase in Homestar ratings, the residential tool for healthier warmer homes and the launch of Green Star Performance, a new tool for existing buildings.

Beca appoints Jon Williams as its 5th chief specialist

Jon Williams.

Engineering & professional services consultancy Beca Ltd has appointed its technical practice group delivery manager, Jon Williams, as project & digital delivery chief specialist. The appointment recognises his technical expertise, external reputation and proven judgment in balancing risk and commercial & technical drivers.

The company limits itself to one chief specialist in a particular field at a time and has only 4 others, all appointed in 2014 – Do Van Toan, Ian Billings, Bruce Marks & Alan Powell.

Executive chair David Carter, who presented the award at Beca’s annual leadership conference, highlighted the value Mr Williams had contributed to the business and to the wider engineering community: “Jon is one of those rare individuals who is sought after for his professional leadership, both internally & externally. He delivers in the present while preparing for our future.”

Mr Williams joined Beca’s building services team 20 years ago, with specialist expertise in electrical system design & implementation, vertical transport design and project & design management. After holding roles in the building services team, he led the delivery of a number of large projects in Indonesia, including the vertical transport strategy for the 111-storey Signature Tower. Locally, he’s led delivery at Princes Wharf, Auckland Hospital and the Wiri & Paremoremo prisons. He also leads risk reviews & mitigation for the global buildings business.

In 2014, Mr Williams’ role transitioned into practice development business director, which added a group-wide overview of design software & BIM (building information modelling) to his responsibilities. A key focus in this role has been using BIM to drive a positive change in the building industry and working with clients to help achieve this.

Brett Watchorn.

Outside Beca, Mr Williams chairs the NZ Chartered Professional Engineers Council, sits on the Ministry of Business, Innovation & Emloyment BIM Acceleration Committee and is a member of the industry advisory group for the AUT Engineering School. He’s been involved in the drafting & updating of the NZ BIM Handbook and the NZ Construction Industry Council design documentation guidelines.

RCP names Watchorn as regional manager, welcomes back Koolen

Project management company RCP Ltd has appointed Brett Watchorn as its central North Island manager and welcomed Andre Koolen back to its Auckland office as a senior associate.

Mr Watchorn has been in the company’s North Island team for 5 years and the wider RCP business for 10 years, and has been extensively involved in operations, programme management & consulting in the private sector.

Andre Koolen.

Mr Koolen worked at RCP from 2007-14 and completed many varied & complex projects. He went to New York in 2014 where he worked with Gardiner & Theobald LLP to further develop his project experience, and has returned from the delivery of significant projects at Hudson Yards & the World Trade Centre in Manhattan.

Inno Capital secures Roger Kerr for new project

Auckland headquartered non-bank financier Inno Capital Management Ltd (brothers John & Michael Chow and Clint Webber) said last week it had “tapped into the wisdom & experience of one of New Zealand’s top governance & financial risk/treasury management advisors, securing Roger J Kerr as independent director & chairman of the board of a yet to be announced new project”.

Roger Kerr.

John Chow said: “Inno Capital is a young, fast-growing company that was established 2 years ago. At this stage in our development and in view of future plans, we see value in having a level of independent governance and a fresh perspective from someone who has no financial interest in the business and no bias.”

Mr Kerr retired as a partner of PricewaterhouseCoopers NZ in June last year and now acts as a consultant for the PwC Treasury Advisor Services business unit. He’s been a director of many companies, including Financial Services Complaints Ltd, Pie Funds Management Ltd, Trust Investments Management Ltd & the National Provident Fund.

12 May 2017:

RDT Pacific moves into Creative Spaces’ old office

2 Augustus Terrace, Parnell.

RDT Pacific Ltd moves its Auckland office from 110 Symonds St to level 3, 2a Augustus Terrace, at the foot of Parnell on Monday.

The project management & quantity surveying firm is taking over the space previously occupied by design firm Creative Spaces Ltd, which became part of the GHD Group in December and moved to GHD NZ’s head office overlooking the motorway from Napier St, Freemans Bay.

9 May 2017:

3 reappointed to National Infrastructure Advisory Board

The Government has reappointed Margaret Devlin, Edward Guy & Carl Hansen to the National Infrastructure Advisory Board, which provides independent expert advice to the National Infrastructure Unit & the Minister of Finance.

The board is the conduit for interaction between the Government and the private sector, local government & others to promote best practice in the evaluation, planning, funding & delivery of infrastructure, contributing to new policy thinking and undertaking quality review, including for the national infrastructure plan.

Margaret Devlin.

The terms for all 3 appointees are from 1 May 2017 to 30 April 2020.

Margaret Devlin, of Hamilton, has infrastructure industry experience in New Zealand & the UK.  She’s a director of the Metservice, Waikato Regional Airport Ltd, WEL Networks Ltd, Titanium Park Ltd, City Care Ltd & Watercare Services Ltd and chairs Harrison Grierson Holdings Ltd.

Edward Guy.

Edward Guy, of Queenstown, has worked with Crown, local government, private & jointly owned infrastructure assets for 20 years.  His experience includes water supply & wastewater asset management planning, land transport asset management planning, an integrated transport strategy (Queenstown Lakes local roads & state highways) and solid waste asset management & valuation.

Carl Hansen

Carl Hansen, of Wellington, has been chief executive of the Electricity Authority since it was established in November 2010.  Previously he worked for M-Co Consultancy Ltd (now Efficient Market Services Ltd), originally as chief economist and then as chief executive. He’s worked for the Law & Economics Consulting Group Ltd (now Sapere Research Group Ltd), and has held a wide range of policy development & operations roles at Treasury & the Reserve Bank.

Opus appoints new Malaysian director

Low Chee Yen.

Low Chee Yen replaced Datuk Nik Airina Nik Jaffar yesterday as a director of Opus International Consultants Ltd, effective from 8 May 2017.

Ms Low heads the corporate planning division of UEM Edgenta Bhd, one of the largest asset management & infrastructure consultancies in Asia & the Pacific, and listed on the Malaysian stock exchange.

UEM said Ms Low spearheads the company’s transformation, leads strategic alliance & corporate transactions and supervises its investor relations function. Previously she held finance & investment advisory roles at CIMB Group & KPMG. She’s a chartered financial analyst with an economics & finance degree from RMIT University, Melbourne.

Opus, formerly the consultancy division of Works & Development Services Corp NZ Ltd (the state-owned enterprise version of the Ministry of Works & Development), was sold in 1996 to Kinta Kellas Plc of Malaysia. It’s now 61% owned by Kinta Kellas successor UEM Edgenta.

Arnold joins Markets Disciplinary Tribunal

Sir Terence Arnold.

Former solicitor-general Sir Terence Arnold retired compulsorily as a Supreme Court judge on 7 April on turning 70, and a month later has been appointed to the NZ Markets Disciplinary Tribunal for a 3-year term. The Financial Markets Authority has confirmed the appointment.

Sir Terence was a partner at Chapman Tripp before becoming a barrister sole in 1994 and a Queen’s counsel in 1997. He was the solicitor-general from 2000-06 and was appointed a judge of the High Court & the Court of Appeal in 2006, and judge of the Supreme Court in 2013.

He gained a BA & doctorate of laws at Victoria University of Wellington and a second LlM from New York University, and taught law at Victoria University as well as at several Canadian universities.

8 May 2017:

Housing NZ awards scholarships

Housing NZ awarded the first of its annual scholarships to 2 BProp/BCom students last week to help foster talent & awareness of opportunities in the public housing sector.

Asset development general manager Patrick Dougherty awarded the scholarships to 2 Auckland University students, fifth-year student Vernon Sequeira & fourth-year student Alex Saifiti. Each will receive $5000/year to offset their study fees.

Mr Dougherty said: “The scholarship aims to encourage excellence in the study of property and to support those seeking careers in development or project management within the public housing sector.”

Mr Sequeira, who’s studying for a master of property degree and works part-time at Colliers, said the scholarship would help him embark on a research project into New Zealand public housing. He was in a team which travelled to the US last year to compete in the USC Marshall International property case competitions and has previously won the Blair Hargreaves/Colliers International Scholarship.

Mr Saifiti works at Colliers as a research assistant, did work on the Port Hills residential red zone project with Land Information NZ and was recently a pro bono consultant for the charity Garden to Table. He’s won the Paul Kelly undergraduate scholarship and Ngai Tahu Holdings Corp Ltd’s Matakahi Scholarship, and did a summer internship with ASB Bank’s Maori financial solutions team.

Mint’s Richardson assumes chair at corporate governance forum

Mint Asset Management Ltd has taken over from the NZ Superannuation Fund as secretariat of the NZ Corporate Governance Forum, and Mint executive director Paul Richardson has replaced Anne-Maree O’Connor as chair. Hayley Cassidy, general counsel & company secretary at Nikko Asset Management NZ Ltd, is deputy chair.

Ms O’Connor, head of responsible investment at the superannuation fund, chaired the forum for its first 2 years, overseeing its development into a recognised body of institutional investors focused on promoting good corporate governance and respect for shareholder rights.

The forum released a set of best practice corporate governance guidelines for listed companies, made submissions to the review of the NZX corporate governance code and established member working groups focusing on policy, board quality, remuneration & reporting.

Mint and Richardson, supported by Nikko and Cassidy, will see the Forum through its next phase of development as it continues to raise awareness of global governance trends and good practice amongst companies, regulators and investors for the long-term benefit of the New Zealand market.

5 May 2017:

Beverley named deputy chair of PFI

Anthony Beverley.

Property for Industry Ltd has appointed Anthony Beverley as deputy chair, with effect from yesterday. The chair, Peter Masfen, has been a director of PFI since 2002.

Mr Beverley joined the PFI board in 2001 during his 20 years at AMP Capital Investors (NZ) Ltd, where he retired as head of property in 2011. AMP managed PFI from July 2003 until January 2012, when it sold the management rights to DPF Management Ltd (now PFIM Ltd). Shareholders will vote in June on a proposal to internalise management, with the same team in charge.

Mr Beverley, who consults to both the private & public sectors on a wide variety of property matters, chairs the PFI board’s audit & risk and nomination committees. He’s a chartered fellow of the Institute of Directors and a fellow of the Institute of Valuers, the Property Institute and the Financial Services Institute of Australasia.

Earlier stories, 24 February 2011: Beverley ends 20 years as AMP property executive, looks for new horizons

3 April 2017: PFI proposes internal management after 6 years of external

RCP promotes 7 staff

Project management company RCP Ltd has appointed 2 staff as senior associates & 5 as associates.

Matt Murphy.

Senior associates:

Matt Murphy joined RCP in 2004 and has been a leader in the fitout management space for major construction projects. He’s also a green star-accredited professional and has been integral in the implementation of sustainability initiatives at RCP and in the projects it manages.

Mat Wade.

Mat Wade, a member of the programme management team. RCP said his commitment to continuous innovation & improvement had seen RCP cement its presence in the provision of programme management services for key clients across New Zealand. Mat’s communication and IT skills have also enabled RCP to keep pace with the changing technological environment and to implement initiatives to improve our overall service delivery and connectivity with Clients and project teams alike.


Helen Ewing.

Helen Ewing has over 10 years’ international & national project & design management experience. RCP said her management & co-ordination capabilities had contributed to the success of numerous complex projects.

Mark Pearson.

Mark Pearson joined RCP in 2005. RCP said he’d exhibited strong leadership & management skills, particularly in the onsite construction management & delivery phases of complex operating environments in the aviation sector.

Matt Lory is a senior member of RCP’s specialist infrastructure management team.

Matt Lory.

He has a civil & engineering background and 10 years’ construction management experience.

Sarah Nightingale.

Sarah Nightingale has been at RCP for 8 years. The company said her holistic & practical approach to design management had been invaluable.

Sebastian Stanczuk has been lead project manager on a number of projects in Wellington since he joined RCP in 2003.

Sebastian Stanczuk.

He has a national diploma in architectural technology from Technikon Witwatersrand in South Africa and an MSc in project management from Westminster University in London.

1 May 2017:

Key to join Air NZ board

Air NZ Ltd has appointed former Prime Minister & Tourism Minister John Key as a director, effective 1 September.

Mr Key resigned in December after 8 years as prime minister, handing over to his deputy, Bill English, and gave his valedictory speech in Parliament on 22 March. But his resignation only took effect on 14 April, within 6 months of the 23 September election so a by-election wouldn’t be called.

Airline chair Tony Carter said today the board had been searching for a director with strong international business experience & a deep knowledge of tourism for about a year, because growth of its international operations around the Pacific Rim was a strong focus.

“When John Key announced he was stepping down as prime minister and moving to a new phase of life outside of politics, it became a priority for the board to try & secure his services as a director. John will bring extensive international commercial experience, outstanding leadership skills, global perspective & a keen understanding of the tourism sector gained during the years he was tourism minister as well as prime minister of New Zealand.”

Air NZ’s longest serving director, Paul Bingham, will retire at the annual meeting in September. He was appointed in July 2008. He was the airline’s marketing services manager for 4 years in the 1990s and group marketing manager for Tourism Holdings Ltd before becoming managing director of Black Cat Cruises of Lyttelton in 1999, moving up to chair the company in 2014. He’s also a director of Ngai Tahu Tourism Ltd & Shuttlerock Ltd, chaired Christchurch & Canterbury Tourism for 9 years and was a director of Tourism NZ for 6 years.

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On the move, April 2017

Government board appointments
4 new directors & associate directors at Rider Levett Bucknall
Adams adds a Smith housing portfolio to her collection
3 new board members for Auckland Transport – plus Patrick Reynolds as an internal watchdog
Actor takes up real estate
CBRE leasing quartet moves to Barfoots
Hanok Shin retires from Barfoots
14 Harrison Grierson staff recognised
Carter assumes chair at Beca
Leah La Hood opens own agency
Macken takes helm at Kiwibank
Blair to head Opus in Australia & NZ
Green Building Council gets 4 new directors
Lisa Bryan to manage B:HIVE at Smales Farm
Craig Alexander becomes consultant at law firm he founded
Dibble rejoins Bayleys 
Hodson to manage Beca’s northern region

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 April 2017:

Government board appointments

Transport Minister Simon Bridges has appointed & reappointed members of the boards of the NZ Transport Agency, Maritime NZ & the Civil Aviation Authority.

The NZ Transport Agency gets 2 new members – former Queenstown mayor Vanessa van Uden and professional director Mark Darrow – and Adrienne Young-Cooper, a member since August 2011, has been reappointed.

Peter Cowper, a member of the Maritime NZ board since May 2011, has been reappointed. This Crown entity’s primary function is to ensure the safety, security & environmental protection of New Zealand’s coastal & inland waterways.

At the Civil Aviation Authority, lawyer Anna Adams has been appointed and Grant Lilly reappointed. Ms Adams chairs law firm Meredith Connell, which is the Crown prosecutor in Auckland. Mr Lilly, a board member since 2011, is a director of Queenstown Airport Ltd, NZ Experience Ltd, Rainbows End Ltd, and is a former regional manager of Qantas Airways, regional sales & marketing manager for Air NZ and a director of Air Nelson Ltd & Eagle Airways Ltd.

26 April 2017:

4 new directors & associate directors at Rider Levett Bucknall

Hamish Dackers.

Rider Levett Bucknall, which specialises in cost management & quantity surveying, project management & advisory services, has appointed 2 new directors & 2 new associates to its senior management team in New Zealand.

Hamish Dackers, director, joined RLB in 2002 and has been a key member of its Auckland-based team. Before that, he was a consultant & contractor, including roles at Aspec Construction Ltd and Mainzeal Property & Construction Ltd. At RLB, he has built up expertise, most notably in tertiary research facilities, hotel & multi-unit residential and largescale commercial projects.

Tony Tudor.

Tony Tudor, director, has over 20 years’ experience as a consultant quantity surveyor and joined RLB in 2012. He leads its team in Queenstown.

His experience covers all facets of cost management, from cost planning to post-contract cost management within a variety of construction sectors, including education, public sector works, commercial, airports, custodial, health, and research & development in the South Island. His strengths relate primarily to cost planning & strategic advice in the preconstruction phase.

Esther Greet.

Esther Greet, associate director, joined RLB in Auckland in 2002. She has over 34 years’ experience in the construction industry – as a quantity surveyor for 17 years, then as a civil & structural engineer. She specialises in cost planning, from feasibility through to construction stage, and has expertise in bank funds monitoring, tax depreciation and lifecycle costings.

Her experience covers health, education, housing, major shopping centres, hotels, custodial facilities and remediation of leaky buildings.

Olin Reed.

Olin Reed, associate director, joined RLB in 2005 after several years of mechanical contracting and now leads its building services team. He has particular expertise in detailed cost build-ups at early design stages and undertakes many complex & challenging projects requiring lateral problem-solving approaches. His pre- & post-contract roles involve in-depth cost planning & estimating services from early concept planning through to completion of construction.

In addition, Mr Reed has taken a lead role in the implementation of ROSS 5D – RLB’s measurement & estimation software, as well as internal training in BIM (building information modelling).

Adams adds a Smith housing portfolio to her collection

Prime Minister Bill English announced more changes to the housing portfolios on Friday, along with the reshuffle following the decisions of Foreign Minister Murray McCully & Education Minister Hekia Parata to retire from Parliament.

Amy Adams.

Social Housing Minister Amy Adams will take responsibility for the Crown land programme from Nick Smith and have a closer involvement in the Government’s overall house-building programme. She will remain responsible for Housing NZ and all aspects of the Government’s supply of social & emergency housing.

Dr Smith, who lost the title of housing minister in Mr English’s December reshuffle, retains the roles of building & construction minister and environment minister.

Dr Nick Smith.

Mr English said Dr Smith “will continue to oversee the various aspects of building regulation, including planning, minimum codes & building sector productivity issues”.

Ms Adams is also Minister of Justice, Minister for Courts, Minister Responsible for Social Investment and Associate Minister of Finance.

She will be ranked 6th in the new Cabinet, after leaping from 15th to 7th in October 2014. Dr Smith, now ranked 14th, was deputy leader in 2003, was ranked 5th in 2004, but was dropped from 11 to 16 in the December reshuffle.

The new ministers will be sworn in next Tuesday and the new Cabinet will hold its first meeting on 8 May.

24 April 2017:

3 new board members for Auckland Transport – plus Patrick Reynolds as an internal watchdog

Auckland Council has approved the appointments of 3 new members of the board of council-controlled Auckland Transport – former Finance Minister Sir Michael Cullen, Mary-Jane Daly & Kylie Clegg – and has also added Patrick Reynolds as a co-opted member of its customer focus committee. The appointments were approved by the council’s appointments & performance review committee on 29 March, announced last Friday and take effect on 1 May.

Mayor Phil Goff said: “Auckland Transport has a vital role to play in addressing the city’s major transport challenges caused by unprecedented population growth. I need a strong & effective board to ensure good governance & delivery of key performance indicators. All 3 members have governance & business experience. Between them, they bring the financial, legal & political skills we need on the board.

“With 9 years’ experience as finance minister of New Zealand, Sir Michael Cullen will be invaluable in ensuring the organisation has a strong understanding of the relationship with central government. Collaboration with government is vital in addressing Auckland’s need for infrastructure funding.

“Mary-Jane Daly & Kylie Clegg have excellent financial & legal skills and also bring a better gender balance to the board. Patrick Reynolds, as a co-opted committee member, will also help challenge the board’s thinking and broaden its perspective.”

Auckland Transport chair Lester Levy said Mr Reynolds was “a well-known transport commentator with an urban design background who was a candidate for one of the vacant director positions. He has a background which will bring an even greater emphasis to improving the customer experience across all modes.”

Sir Michael Cullen on his knighthood in 2012.

Sir Michael Cullen, now 72 & living at Ohope, entered Parliament as a Labour MP in 1981 and was finance minister from 1999-2008 and deputy prime minister to Helen Clark from 2002-08. He established the NZ Superannuation Fund & KiwiSaver, was deputy chair then chair of NZ Post and a director of Kiwibank, retiring from both businesses last October. He was appointed a director of Retirement Income Group Ltd in February.

Mary-Jane Daly.

Mary-Jane Daly is director of Cigna Insurance NZ Ltd, a director of Kiwi Property Group Ltd, chair of the NZ Green Building Council, and deputy chair of Airways Corp Ltd & the Earthquake Commission.

She worked in London in corporate finance and for the National Bank & Toronto-Dominion Bank for 9 years, led group treasury & risk management at Fonterra Ltd for 4 years, was a director of global industry groups for the Bank of NZ for 3 years and spent 6 years at IAG NZ Ltd as chief financial officer & State Insurance executive general manager. Ms Daly graduated from Canterbury University with a BCom in economics & business administration in 1986 and the Cass business school in London with an MBA in finance & international business in 1993.

Kylie Clegg.

Kylie Clegg joined Auckland Council’s board observer programme at Auckland Transport in 2014. She’s deputy chair of the Waitemata District Health Board, a board member of Hockey NZ and chairs the NZ Hockey Foundation, is a double Olympian and former NZ Olympic hockey captain.

Ms Clegg has a corporate legal background, having specialised in mergers & acquisitions across a range of industries. Her previous governance experience has been as a board member of the NZ Olympic Committee & the Halberg Disability Sports Foundation.

Patrick Reynolds.

Patrick Reynolds is a professional photographer specialising in architecture & urban design photography, is a member of the Urban Auckland advocacy group & the Auckland Council advisory panel for art in public places, but has risen to prominence over the last 9 years as a commentator – and unremitting Auckland Transport critic – at Transport Blog (now Greater Auckland).

21 April 2017:

Shane Cortese.

Actor takes up real estate

Actor Shane Cortese has joined premium real estate brand NZ Sotheby’s International Realty, working from the agency’s new Takapuna office and the Herne Bay office.

He’s appeared in Shortland St & Outrageous Fortune, and on stage in London’s West End, and said the new role wouldn’t spell the end to his acting career. Instead, it would enable him to remain in New Zealand with his family, and be more selective in television opportunities.

19 April 2017:

CBRE leasing quartet moves to Barfoots

Barfoot & Thompson Commercial has bolstered its commercial leasing team, pulling a team of 4 agents from CBRE this month.

David Campbell.

Barfoots’ commercial manager, John Urlich, said the agency had hired Lorne Somerville, Nick Bernecker, Elliot Keyes & David Campbell to lift its cbd & fringe leasing.

Mr Campbell is a non-cbd sales & leasing specialist, and was South Auckland office services director for CBRE. After graduating from Auckland University with a bachelor of property degree in 1993, he spent 2 years at Colliers as an asset manager, 15 months at JLL as a valuer and 13 years at CBRE.

Nick Bernecker.

Mr Somerville entered real estate in 2005 as a leasing agent at Bayleys, then moved to CBRE for the next 10 years. Before real estate, he implemented SAP computer software around the world for 8 years, including projects in New Zealand, the UK, France & Australia, and held several consultant & project management roles.

Elliot Keyes.

He graduated from Waikato University in 1993 with a Bachelor in Management Studies degree.

Mr Bernecker was an associate director in CBRE’s office services division for 9 years and is a leasing specialist in the city fringe market.

Mr Keyes joined CBRE as a database manager in 2011 and was a senior agent there for the last 16 months. He graduated from Auckland University in 2011 with bachelor’s degrees in property & commercial law.

Hanok Shin retires from Barfoots

Hanok Shin.

Hanok Shin retired as a specialist apartment agent at Barfoot & Thompson on 31 March – but was still in the building a fortnight later, making sure his sons, Stephen & Leo, were doing a good job without him.

“They don’t need me,” he confessed – with a smile – as he walked out of the auction room. His older son, Stephen, heads Team Shin – a multilingual team of Barfoots agents specialising in apartment sales.

Hanok Shin has spent 25 years in real estate in Auckland, starting at Bayleys in commercial property and moving to Barfoots 18 years ago, initially in residential sales.

14 Harrison Grierson staff recognised

Harrison Grierson Group Ltd has recognised 14 staff members for their technical excellence & leadership.  From 1 April, one senior staff member has been made a technical director, 7 senior staff are new principals and 6 have become associates.

Ash Deshpande.

Managing director Glen Cornelius said the recognition reflected each person’s high performance & technical expertise, together with their contribution & commitment to both the company & its clients.

Appointed technical director: 
Ash Deshpande, lead process engineer, Auckland

Appointed principal: 
Anita Simpson, senior process engineer, Auckland
Tim Fergusson, planning manager, Whakatane
Rob Rimmer, team leader, Land Development, Christchurch
Nicky Smalberger, team leader, Water, Auckland
Ian Ho, senior process engineer, Auckland
Will Platts, team leader, land development, Auckland
John Petrovic, project engineer, Auckland

Appointed associate:
Alice Lin, senior planner, Auckland Airport
Mona Liao, civil engineer, Auckland
Holger Zipfel, team leader, Mechanical, Auckland
Rita Clark, licensed cadastral surveyor, Christchurch
Sarah Rasmussen, project financial advisor, Christchurch
Nigel Fernando, senior engineer, Auckland Airport.

Carter assumes chair at Beca

David Carter.

David Carter has taken over as Beca Ltd’s executive chair this month, a move signalled in January when Richard Aitken was made an officer of the NZ Order of Merit for services to business & engineering and indicated he intended to step down after 8 years heading the Auckland-based professional services consultancy.

Mr Carter, son of founding partner Sir Ron Carter, has had a long & distinguished career in the business himself, including being regional director for Asia, managing director of Beca Australia and managing director of corporate operations. He holds numerous board roles with Beca, has nearly 30 years of experience in strategy & management and has an extensive track record in leading & delivering major infrastructure projects.

Richard Aitken.

Mr Carter will also continue as chief technical officer & Beca Asia regional director. He’s also a trustee of the University of Auckland Foundation, chairs Hutt Valley Water Services Ltd and is a non-executive board member of the Leadership Development Centre.

Mr Aitken has been an executive at Beca for over 40 years. He was group chief executive for 10 years and will continue to hold a number of roles for Beca, including chairing the Waterview Connection Project Alliance board.

12 April 2017:

Leah La Hood opens own agency

Leah La Hood.

Retail leasing specialist Leah La Hood has stepped out on her own, setting up her company, Blu Realty Ltd, after gaining her agency licence last month. After 5 years in sales & leasing at Bayleys, and 2 years in the middle of that time working on Andy Davies’ Ponsonby Central project then managing his commercial property portfolio of 13 multi-tenanted buildings, Ms La Hood joined ABC Business Sales Ltd at the end of 2015.

Ms La Hood said she expected to continue working with a handful of clients, and she could see other agents branching out in a similar fashion: “It’s not so much about the brand name, it’s about the individual services,” she said.

She’s spent most of her time in real estate in hospitality leasing, business sales & commercial property sales. Before Bayleys, she had a career in print advertising as key account manager for the TV Guide magazine, and worked as a brand manager in the footwear & apparel sector for brands such as Driza-Bone, Sperry Topsider & Keds.

Macken takes helm at Kiwibank

Dr Susan Macken.

Kiwibank Group Holdings Ltd director Susan Macken assumes the chair tomorrow following the resignations of chair Rob Morrison & deputy chair Rhoda Phillipo, announced on Monday.

Mr Morrison joined the board and became chair in 2011, and Mrs Phillipo & Dr Macken joined the board last year.

The bank said in a statement Mr Morrison & Mrs Phillipo were stepping down “following a transition period that saw new shareholders – the NZ Super Fund & the Accident Compensation Corp – settle their investment in Kiwi Group in October 2016.

“Under his leadership, Kiwibank has become firmly established as a strong New Zealand-owned bank in a sector heavily dominated by Australian-owned banks. It has reported sustained profitability & growth in all key areas of customer numbers, loans & deposits through that time.”

The board will appoint a new deputy chair.

Dr Macken is deputy chair of urban redevelopment company Tamaki Redevelopment Co Ltd, deputy chair of Auckland Council’s urban renewal agency Panuku Development Auckland, director of the advisory board to the Treasury and chair of Treasury’s risk & assurance committee, and a director of medical technology company Fertility Associates Ltd. She chairs Australian underwater lighting manufacturer & distributor Spa Electrics Pty Ltd.

Dr Macken’s past directorships include the Bank of NZ (2005-16). She held senior management roles in the Fletcher group of companies, the Kiwifruit Marketing Board and was chief executive of the Auckland Regional economic development strategy a decade ago.

10 April 2017:

Blair to head Opus in Australia & NZ

Ian Blair.

Opus International Consultants Ltd has appointed Ian Blair as managing director for Australia & New Zealand, following on from the global restructure last year and the merging of operations in the 2 countries to drive greater collaboration & efficiency between markets. He will join Opus in June.

Opus said Mr Blair “is a proven leader, with a record of delivering strong results across different international markets & segments. His experience in senior roles, predominantly in the demanding finance industry, will bring new perspective to the senior team at Opus.”

Since 2004, he’s held senior management positions at Westpac Bank in Australia & New Zealand, including general manager of business then retail banking based in Auckland, and for the last 2 years he’s been principal consultant at his own advisory business in Auckland, Sapience Ltd.

Green Building Council gets 4 new directors

The NZ Green Building Council has 4 new board members, elected last week – Anna Palairet, property & infrastructure general manager at Air NZ, representing the occupier industry group; Robyn Phipps, professor in construction at Massey University’s School of Engineering & Advanced Technology, representing the research & policy industry group; Brendon Dwyer, buildings services operations manager at Beca Ltd, an independent director; and Patrick Clifford, Architectus director, representing the consultants industry group.

Anna Palairet.

Anna Palairet joined Air NZ in 2006, was appointed head of procurement in 2012 and property & infrastructure general manager in 2015, and embarked on a transformation programme refocusing property as a key enabler in employee & customer engagement.

Professor Robyn Phipps.

Robyn Phipps is the director of construction programmes & cluster leader of the built environment staff at Massey University. She has expertise in the design & management of healthy buildings, indoor air quality, heating & ventilation.

Brendon Dwyer.

Brendon Dwyer is responsible for a team of over 250 building services engineers in Australia & New Zealand and has advised a number of New Zealand’s leading corporate tenants on embedding sustainability outcomes in major lease commitments.

Patrick Clifford.

Patrick Clifford has been responsible for the design leadership of all major projects by Architectus Auckland. He was awarded the NZ Institute of Architects’ gold medal in 2014.

They join chair Mary-Jane Daly, who’s an independent director of Kiwi Property Group Ltd, Airways Corp of NZ Ltd & Cigna Ltd, and a member of the Earthquake Commission; Gail Calder, Fonterra Group Ltd’s property & facilities general manager; Gary Walker, Hawkins Construction Ltd’s executive general manager; and Steve Aschebrock, co-owner & director of Inzide Commercial Ltd.

Lisa Bryan to manage B:HIVE at Smales Farm

Lisa Bryan.

Smales Farm Management has appointed Lisa Bryan to the new role of B:HIVE business manager ahead of the building’s completion later this year.

The building’s Australian architects, BVN, have described B:HIVE as a brave project and a prototype for a new kind of shared working environment.

Ms Bryan’s role will be to develop, lead & oversee the operations of the B:HIVE business to ensure the delivery of a dynamic, flexible working environment for tenants, their employees, guests & visitors.

She said she was “thrilled to be taking on this unique & exciting role during the development phase”. The B:HIVE is designed to break the rules of traditional office buildings, to create a workplace that boasts a thriving & diverse eco-system dedicated to a smarter way of working & collaborating. The ultimate aim is to enable businesses of all sizes to enjoy the same benefits & features normally the reserve of big business, while at the same time building a community where employees simply enjoy coming to work.

Ms Bryan has over 12 years’ industry experience in leasing, tenant representation, valuation & project management, giving her a broad commercial property background and a holistic understanding of both tenant & landlord drivers. She’s a registered valuer and a licensed real estate agent, was a tenant representative & leasing broker at Colliers over the last 2 years and previously worked at RCP & the Building Intelligence Group.

Craig Alexander becomes consultant at law firm he founded

Craig Alexander.

Craig Alexander went from partner to consultant on 1 April at the law firm he & Debra Dorrington founded as a partnership in 1999. The firm also changed its name on 1 March, from AD Law Ltd to AlexanderDorrington Ltd.

Jourdan Griffin.

The firm has appointed Jourdan Griffin as a director, joining Denise Marsden & Debra Dorrington. Mr Griffin joined the firm in 2006 after graduating with a law degree from Birmingham University and law & arts degrees from Auckland University.

4 April 2017:

Dibble rejoins Bayleys 

Chris Dibble.

Chris Dibble has rejoined Bayleys Realty Group in a new role of content marketing manager, working alongside the agency’s marketing team.

The newly established role is intended to gain leverage from his decade of experience in the property sector, providing award-wining content and delivering bespoke projects to a wide audience.

“The appointment will help the Bayleys brand on its ongoing focus on customer engagement, property content & delivery strategies,” the agency said.

Mr Dibble spent the last 4 years as research & consulting director at Colliers, following nearly 5 years as research & consulting associate director at JLL. He spent his first 2 years in real estate research at Bayleys

Hodson to manage Beca’s northern region

Rupert Hodson.

Professional services firm Beca Ltd has appointed Rupert Hodson as manager for its northern region, based in Auckland.

Mr Hodson has 17 years’ experience in planning & environmental consulting in New Zealand & the UK, leading & participating in the stakeholder & planning components of a wide variety of multi-disciplinary projects, from site masterplanning & precinct planning through to large infrastructure projects. Alongside his regional manager role, he’ll continue as business director of the environments business line, which has nearly 50 planning & environmental practitioners based in Auckland.

Over his 13 years at Beca, he’s managed its Auckland planning & architecture division and also been technical director.

Beca has over 1100 staff in its Auckland office providing engineering, environmental, project management, design, advisory & community infrastructure services across multiple markets.

Chief strategy & operations officer Don Lyon said Beca was growing rapidly as an advisory business and expanding into new markets in New Zealand, Australia & Asia.

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On the move, March 2017

Dufaur quits Goodman
Sabbatical & raise for Steel & Tube’s Elrick
Gurton takes over from Field at RCP Wellington
Thacker & Waalkens move to Bayleys Valuations
Kernahan replaces Darlow as head of Fletcher Construction
Kiwi Property’s transactions head leaves
Jasmax appoints senior interior designer for residential team
Tommy’s appoints head for new property management division
Rathbun joins Commercial Realty
Ex-Horowhenua mayor added to Local Government Commission for year
Malpass joins Steel & Tube board

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.

Peter Dufaur.

28 March 2017:

Dufaur quits Goodman

Peter Dufaur has resigned as development general manager for the Goodman Property Trust, and will leave the business on 30 September.

John Dakin, chief executive of trust manager Goodman (NZ) Ltd, said: “Peter has led a very successful development business for Goodman over the last 12 years, including the build-out of the Highbrook Business Park, now a $1 billion investment for Goodman Property Trust.”

Before joining Goodman, Mr Dufaur specialised in retail development for the Kiwi Income Property Trust.

Sabbatical & raise for Steel & Tube’s Elrick

Steel & Tube NZ Ltd has granted its chief financial officer & company secretary, Jane Elrick, an 8-month sabbatical, with the intention that she will return to a new executive position in February 2018. The company is seeking a replacement to fill her old roles.

Ms Elrick joined Steel & Tube in 2011 after finance roles at Deloitte Touche Tohmatsu, the NZ Dairy Group, Fonterra Ltd, Zespri Group Ltd, Synlait Ltd & Livestock Improvement Corp Ltd.

Ben Gurton.

26 March 2017:

Gurton takes over from Field at RCP Wellington

Ben Gurton will take over from Andrew Field as RCP Ltd’s Wellington manager on 1 April, with a 3-month transition after that.

Mr Field is moving to Auckland on 1 July to lead a redevelopment workstream at Auckland University.

Andrew Field.

RCP managing director Jeremy Hay and director Cristean Monreal said the change came as RCP widened its services to include infrastructure management.

Mr Field has been RCP’s Wellington manager since 2010 and also worked for the company from 2002-05. He’s also worked at The Estimator, Worley Architects & Rider Levett Bucknall. He has a master of architectural studies degree from Auckland University and is a LEED-accredited professional.

Mr Gurton joined RCP in 2006 and was made an associate last year. He has a masters in construction management from AUT and a BSc (Hons) in construction project management from Brighton University in the UK.

Nick Thacker.

24 March 2017:

Thacker & Waalkens move to Bayleys Valuations

Bayleys Corp Ltd has appointed 2 former JLL valuers, Nick Thacker & Carl Waalkens, as directors of its valuation services division. Mr Thacker was at JLL for 10 years and Mr Waalkens for 8.

Mr Thacker’s expertise is predominantly in Auckland’s commercial, retail, development & childcare sectors and he’s also advised on a number of intensive housing developments & subdivisions.

Carl Waalkens.

Mr Waalkens’ expertise is predominantly in the Auckland commercial & industrial sectors. He also completes regular valuation exercises around regional North Island centres and has advised on a number of Auckland apartment developments.

Kernahan replaces Darlow as head of Fletcher Construction

Michele Kernahan.

In the wake of the disclosure of an estimated $110 million profit cut arising from losses & further downside risk in its construction division, Fletcher Building Ltd elevated Michele Kernahan to construction division chief executive yesterday, weeks after she was appointed as the division’s chief operating officer.

Her predecessor as chief executive, Graham Darlow, will remain on site, not retiring until the end of the financial year, 30 June.

Group chief executive Mark Adamson said Ms Kernahan “is an outstanding leader who has held a number of general management positions across the Fletcher Building group. Michele has an outstanding track record of delivery at Fletcher Building. She is a strong people leader who has consistently developed a high performance & customer-leading culture within the business units she has led. She is a great example of our commitment to developing our internal talent and we are proud to announce her appointment.”

Her previous general management roles include Laminex Australia (2 years in Melbourne until her move back to Auckland in February), Golden Bay Cement and Fletcher EQR, where she led the team managing the rebuild efforts in Christchurch.

Graham Darlow.

Ms Kernahan has an MBA from Canterbury University and has graduated from leadership & management programmes at the Wharton Business School, Stanford University Graduate School of Business and most recently the Harvard Business School.

Mr Darlow will retire at the end of the financial year after 29 years at Fletcher, the last 5 as construction chief executive. He joined the group in 1988 and worked on many landmark construction projects, including New Zealand’s museum Te Papa and the Waterview Connection in Auckland.

Earlier stories, 20 March 2017:
Fletcher Building cuts earnings guidance by $110 million
Fletcher Building to explain construction loss Monday morning

22 March 2017:

Kiwi Property’s transactions head leaves

Kiwi Property Group Ltd is looking for a replacement for head of transactions Miles Brown, who’s resigned and will leave the company on 11 April to run his own business.

Mr Brown began joined Kiwi Property in 2003 as special projects manager and was promoted to commercial portfolio manager in 2008 and head of transactions in 2011.

Chief executive Chris Gudgeon said: “Miles has been a key player in helping Kiwi Property realise its core property portfolio ambitions, through the strategic acquisition & sale of assets. While we are sorry to see Miles go, we wish him all the very best in his future endeavours as a business owner and thank him for his significant contribution here at Kiwi Property.”

Jasmax appoints senior interior designer for residential team

Tessa Pawson.

Architectural firm Jasmax Group Ltd has appointed Tessa Pawson as senior interior designer leading interior design for its residential team.

Ms Pawson has been an interior designer in Australia & New Zealand for 13 years, more recently leading a team in Auckland delivering award winning projects. She is a specialist in high end, multi-unit residential & apartment work for some of New Zealand’s foremost developers, and has also produced designs for commercial, hospitality & retirement developments.

She said the challenge & pleasure for her was in tailoring the design specifically & creatively for the client & the target demographic: “Key elements for me in any project are simplicity, texture & tone. Tastes differ greatly and a client’s brief is of utmost importance. My job therefore is to interpret these individual characteristics to deliver projects that exceed expectations.”

She has noted that there is a rapidly growing market in Auckland & other New Zealand centres for a fast-retiring baby-boomer market, a market segment which has previously received little focus.

“The target market is a key influence in how a designer plans the interior space. Empty-nesters, for example, are moving from large houses in the suburbs often into superb locations in the inner city. They still want bigger spaces with superior features and a much higher level of finish is expected. We are seeing more developers creating amenity spaces which encourage interaction, such as lounges & leisure areas where owners of these apartments can socialise or entertain.“

Ms Pawson has a Bachelor of Design (Interior) from Unitec, and her award-winning projects include Caro’s (Grey Lynn) & TRG Imaging (Milford).

Tommy’s appoints head for new property management division

Harrison Vaughan.

Tommy’s Real Estate in Wellington has appointed Harrison Vaughan to a newly created role as head of it property management division.

Managing director David Platt said: “Investment buyers are an important part of our business, and for some time we have considered establishing a property management service to meet the needs of this group of buyers. In Harrison, we have found someone with the necessary skills & qualities to head a small team offering a personal hands-on boutique service that will expand as demand dictates.

“Each year we sell in the order of 1000 residential properties from our city office alone and, with the growth in the rental market, a number of new owners are seeking reliable property & tenancy management.”

Mr Vaughan completed a Bachelor of Commerce at Victoria University of Wellington this year, majoring in marketing & information systems. He started his career at Tommy’s in an administration role in 2012 and became its information technology manager while completing his degree.

Mr Platt said Tommy’s was responsible for about 30% of residential property sales in Wellington city.

10 March 2017:

Brad Rathbun.

Rathbun joins Commercial Realty

Brad Rathbun has joined Commercial Realty Ltd as a leasing & sales consultant in its commercial & industrial services team. Mr Rathbun graduated from Auckland University with a Bachelor of Property degree in 2015. While at university, he worked as an on-site building manager at the Alpha & Victopia Apartments, where he assisted in leasing & management of over 300 individual apartments.

6 March 2017:

Ex-Horowhenua mayor added to Local Government Commission for year

Brendan Duffy, ousted as mayor of Horowhenua last October after 12 years in that role & 10 years as a councillor, has joined the Local Government Commission as a temporary member for one year. He was also appointed deputy chair of the MidCentral District Health Board in December.

Local Government Minister Anne Tolley said the appointment of Mr Duffy would assist the commission with its reorganisation work, particularly in the Wairarapa.

The commission is chaired by Sir Wira Gardiner, with members Janie Annear & Leigh Auton, and one other temporary member, Geoff Dangerfield, who was appointed last August to focus on Auckland.

5 March 2017:

Malpass joins Steel & Tube board

Mark Malpass.

Steel & Tube Holdings Ltd has appointed Mark Malpass to its board, effective 1 March.

Mr Malpass is a mechanical engineer, holds an MBA from Victoria University and has worked in the oil & gas sector with ExxonMobil for over 19 years, in New Zealand & internationally. His roles included Mobil Oil NZ country manager, and global planning based in Washington DC. He also held Asia Pacific regional & strategic roles based in Singapore.

After returning to New Zealand in 2011, Mr Malpass joined Fletcher Building Ltd. He was chief executive of its largest division, Infrastructure Products, which included steel distribution & manufacturing businesses. Since then he’s been providing strategic & advisory services to a range of Australasian businesses, including Fulton Hogan Ltd.

Mr Malpass is on the board of trustees of Auckland Grammar School and is a member of the NZ Institute of Directors. His previous chair, directorship & governance positions include The NZ Refining Co Ltd, the Sims Pacific Metals joint venture, the Ministry of Business, Innovation & Employment business advisory panel and Canterbury University Quake Centre.

New Steel & Tube chair Susan Paterson said Mr Malpass’s broad commercial skills and industry knowledge & relationships, specifically within the steel sector, would add value to the board.

Ms Paterson joined the board on 16 January and assumed the chair on 17 February. Sir John Anderson, who was appointed a director in November 2011 & chair in October 2012, will retire from the board on 31 March.

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On the move, February 2017

Millennium & Copthorne shakeup –
Devereux takes over Aurecon’s NZ leadership
Hinton to quit full-time role at Augusta
East-West & Northern Corridor boards of inquiry appointed
CBRE makes 3 capital markets appointments
Thompson scores new hotels & tourism role at Bayleys
Bayleys, Mayne Wetherell & Augusta move to Gaunt St
Tarullo exit opens up Fed control
Andrew Wong joins Summerset board
Industrial specialist Scott Campbell takes new role at Bayleys
Wheeler sticks to one term at Reserve Bank, Spencer to fill in post-election 
Venables takes senior role at Context Architects
AWF Madison restructures management

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 February 2017:

Millennium & Copthorne shakeup

Millennium & Copthorne Hotels plc group chief executive Aloysius Lee Tse Sang, who handed in his notice last August ”in order to pursue philanthropic, mentoring & educational interests”, and asked for it to take effect at the end of January, has just been replaced internationally & in New Zealand.

Mr Lee was appointed group chief executive in February 2015 and joined the boards of NZX-listed CDL Investments NZ Ltd and Millennium & Copthorne Hotels NZ Ltd on 1 April 2015 as a non-executive director.

Tan Kian Seng, who joined the group as group chief of staff & interim president of M&C Hotels plc Asia last October, will assume the position of interim group chief executive and a director of the 2 New Zealand companies tomorrow.

The group said Mr Lee had been transitioning his responsibilities to Mr Tan for several weeks and would continue to do so as necessary to ensure a smooth handover process.

Mr Tan is based in Singapore and hasn’t been appointed as a director, although the company expected he would spend significant time in London and attend board meetings. Before joining Millennium & Copthorne, Mr Tan had over 30 years of senior executive experience in operations & managing finance, legal, investor relations, purchasing, business development, human resources & information technology. Most recently he was advisor to the chief executive & chair of Singapore-listed Venture Corp Ltd, a global provider of technology services, products & solutions.

Mr Tan joined Venture in 2001 and held increasingly senior roles in various jurisdictions, including vice-president of operations in Malaysia until 2006, chief financial officer until 2012 and group president from 2011 until February 2016.

Before joining Venture, Mr Tan was finance director and held other senior finance roles with LenovoEMC (formerly Iomega Corp) and financial controller & accounting roles with various technology & toy manufacturers. He started his career as an accountant in the UK with Deloitte and audit manager in Malaysia with PricewaterhouseCoopers.

2 independent directors of Millennium & Copthorne Hotels plc will retire at the annual meeting in May. Author Alec Waugh & accountant Nicholas George announced early this month that they’d retire after 8 years.

Howard Wu was appointed as an independent non-executive director with effect from 17 February. The company said he brought broad information technology, data security & e-commerce experience to the board, having held senior positions with technology companies in North America & Europe. Most recently, he’s been vice-president, head of software defined infrastructure at Ericsson and technology advisor to the office of the mayor of Taipei, Taiwan.

He was president for greater China for software & services company Joyent Inc, and founder & chief executive of Layerboom Systems, a company specialising in cloud infrastructure software that Joyent acquired. He was educated in the US & Canada.

Millennium & Copthorne Hotels plc is the UK holding company for the 2 NZX-listed entities, and all are members of the Hong Leong Group of Singapore.

Carl Devereux.

Devereux takes over Aurecon’s NZ leadership

Global engineering & infrastructure advisory company Aurecon Group has appointed its South Island manager of the last 3½ years, Carl Devereux, as regional director for New Zealand. He succeeds Bruce Manners, who’s retired after 5½ years in the regional role.

Mr Devereux was previously Aurecon’s technical director in Christchurch for 9½ years, was lead engineer for the Canterbury Earthquake Recovery Authority’s significant buildings unit for 18 months after the 2011 earthquake. He graduated from Canterbury University with a BEng degree in 1995.

21 February 2017:

Hinton to quit full-time role at Augusta

Augusta Capital Ltd said on Monday general manager Phil Hinton had decided to retire from a full-time role, effective in June. Mr Hinton will retire at the same time as a director of Augusta subsidiary Augusta Funds Management Ltd. However, he will remain a consultant, based in New Plymouth, assisting the company on key projects, particularly in investor relations.

Mr Hinton & Bryce Barnett, also New Plymouth-based, joined Augusta in 2014 when they sold their property syndication business, KCL Property Ltd, to Augusta. A third KCL shareholder, Cheryl Macaulay, incorporated a new syndication company, Silverfin Capital Ltd, in 2015.

Mr Hinton spent 12 years with KCL after a 20-year career as a valuer & partner at Telfer Young (Taranaki) Ltd. He was president of the Property Institute for 2 years.

East-West & Northern Corridor boards of inquiry appointed

The Government has appointed boards of inquiry for 2 major Auckland road projects, the East-West Link and the Northern Corridor.

For the East-West Link the board is retired High Court judge Dr John Priestly QC (chair), environment management consultant Michael Parsonson, civil engineer Alan Bickers and independent hearings commissioner Sheena Tepania.

For the Northern Corridor, the board is Environment Judge Melanie Harland (chair), resource management consultant Conway Stewart and civil engineer Nigel Mark-Brown.

The $1.5 billion East-West Link roading proposal involves the construction of a new 4-lane arterial road between State Highway 20, the Neilson St interchange & State Highway 1 at Mt Wellington.

The $700 million Northern Corridor project will complete the Western Ring Route. It will establish motorway interchange connections between State Highways 1 & 18, and capacity & safety improvements on State Highway 1 from Constellation Drive to Oteha Valley Rd, and on State Highway 18 between State Highway 1 and the Albany Highway.

17 February 2017:

CBRE makes 3 capital markets appointments

Brett Whalley.

CBRE Capital Markets has made 3 new appointments – Brett Whalley from the United Arab Emirates, Buzz Scown from Ray White in Queenstown and James Fraser from CBRE’s retirement housing and healthcare valuation & advisory services team.

Brett Whalley has been appointed national director of metropolitan investments after 10 years in the United Arab Emirates, where he held a number of senior leadership roles with agency, investment & development companies focused on project sales, leasing & new business development. Before moving to Dubai, Mr Whalley had extensive agency experience in New Zealand.

CBRE’s national director of capital markets, Andrew Stringer, said Mr Whalley’s appointment would enable CBRE to expand its metropolitan investments capabilities, focused primarily on Auckland.

Buzz Scown.

Buzz Scown has joined the Auckland capital markets team from Queenstown, where he operated as a property professional for over 20 years, including spells with Ray White and Bayleys. He will be working with Mr Whalley to focus on the Auckland metropolitan investment sector. Mr Scown’s expertise covers largescale development land, particularly high density projects & masterplan opportunities, and he’s recently been involved in a series of transactions at Karaka & Drury. While based in Auckland and with a principal focus locally, Mr Scown will continue to use his market knowledge to work with CBRE clients in the Lakes district.

James Fraser.

James Fraser has joined the Auckland capital markets team as senior negotiator after 4 years in CBRE’s retirement housing and healthcare valuation & advisory services team. His new focus is on leveraging his specialisation & experience to provide a comprehensive investment sales skillset to the retirement housing & healthcare market. Mr Stringer said that, combined with recent senior appointments in Australia in this sector, CBRE can provide clients with market-leading skills & expertise in New Zealand & the greater Pacific region.

Mr Stringer, recently named as CBRE’s managing director for Auckland, said: “It’s an exciting time for the capital markets team. We have a culture of specialisation to deliver our clients genuine expertise, and the appointment of Buzz & James reinforces that. Brett’s leadership skills & sales management expertise will enable us to aggressively expand into new markets.”

Thompson scores new hotels & tourism role at Bayleys

Nick Thompson.

Bayleys Real Estate has appointed Nick Thompson to the newly created role of hotels & tourism director, based in Auckland. He has over 10 years’ experience in the property industry, much of it focused on hotels & tourism, and has acted for some of the largest hotel owners & operators in New Zealand.

Mr Thompson has a BCom in valuation & property management from Lincoln University and a post-graduate diploma in business & finance and a masters in finance from Massey University, spent a year in the Navy as a sub-lieutenant and 3 years at Telfer Young (Auckland) Ltd as a valuer before moving into agency 6 years ago, first as a vice-president of JLL Hotels nd then as an associate director at Colliers.

15 February 2017:

Bayleys House at 30 Gaunt St, Wynyard Quarter.

Bayleys, Mayne Wetherell & Augusta move to Gaunt St

Bayleys Real Estate moved into its new premises – Bayleys House at 30 Gaunt St in the Wynyard Quarter – on Monday. Its auctions today and for the rest of this month will be held at the Sofitel Hotel on Viaduct Harbour Avenue, and its first Total Property auction at the new address will be on Wednesday 8 March.

Law firm Mayne Wetherell has moved into level 5 of Bayleys House and NZX-listed property & funds manager Augusta Capital Ltd is moving into level 2.

11 February 2017:

Tarullo exit opens up Fed control

A firmly Democratic member of the US Federal Reserve board, Daniel Tarullo, handed in his notice to President Trump on Friday, opening the way for the new president to secure Republican control not just of the Supreme Court but also the central bank in his first month in charge.

Mr Tarullo, 64, was appointed on 28 January 2009 and made his resignation effective “on or around” 5 April.

Fed chair Janet Yellen, who’s already laid down a challenge over control of the central bank although she’s 70, said in December she intended to serve out the remainder of her 4-year term in the chair, which began in October 2014, Her 14-year term as a member of the board runs until January 2024.

Ms Yellen, also a Democrat, also said in December that, although there was room to make some changes to the Dodd-Frank Act regulating banks since the global financial crisis, “like eliminating the burden of compliance with the Volcker rule or incentive compensation regulations for smaller banks or modestly raising the threshold for banks that are subject to enhanced credential supervision,” it was important not to roll back the whole act. However, the Republicans & President Trump are intent on dismantling it.

Ms Yellen said Mr Tarullo had led the Fed’s work “to craft a new framework for ensuring the safety & soundness of our financial system following the financial crisis… My colleagues & I will truly miss his deep expertise, impeccable judgment, wise insight & strategic counsel.”

President Obama appointed Mr Tarullo to the board for an unexpired term ending on 31 January 2022. He chaired the committee on supervision & regulation and the Financial Stability Board’s standing committee on supervisory & regulatory co-operation.

Before joining the Board, Mr Tarullo was a law professor at the Georgetown University Law Centre, where he taught courses in international financial regulation, international law & banking law. He held several senior positions in the Clinton administration and was on the staff of the late Senator Edward Kennedy.

10 February 2017:

Andrew Wong joins Summerset board

Summerset Group Holdings Ltd has appointed Dr Andrew Wong as a non-executive independent director, effective 1 March.

Dr Wong is managing director of MercyAscot Hospital Group and Healthcare Holdings Ltd, is a director of a number of medical organisations covering areas such as surgical hospitals, day surgeries, diagnostic radiology & cancer care, and is registered with the Medical Council as a public health medicine specialist.

Summerset chair Rob Campbell said Dr Wong’s mix of medical & commercial experience would bring a unique skillset to the board table. “Care is an essential part of our offering for customers and, over the last 3 years, we have increased the weighting of care beds & serviced apartments in our villages and added secure dementia. We will continue to deepen this focus on care & support in response to customer needs.”

All 6 board members are independent.

7 February 2017:

Industrial specialist Scott Campbell takes new role at Bayleys

Scott Campbell.

Bayleys Real Estate has appointed Scott Campbell as industrial national director. He was development & property assets general manager for Southpark Corp Ltd over the last 2 years, development manager for Goodman Property Trust for 7 years and CBRE’s industrial sales & leasing national director for 4 years.

Bayleys’ commercial national director, John Church, said Mr Campbell’s position was a new one created to grow the agency’s industrial market share: “Scott’s skills & reputation within the industrial property sector are second to none and his experience & networks of industrial developers & tenants will add significant value to our business.”

Wheeler sticks to one term at Reserve Bank, Spencer to fill in post-election

Graeme Wheeler.

Reserve Bank governor Graeme Wheeler said today he wouldn’t seek a second term when his current term ends on 26 September, a month before his 66th birthday.

Deputy governor Grant Spencer, who’d already announced his intention to retire this year, will stay on as acting governor for 6 months after Mr Wheeler leaves, because of the general election scheduled for 23 September.

Under the Reserve Bank of NZ Act, the finance minister appoints the governor for a 5-year term on the recommendation of the Reserve Bank board. Board chair Professor Neil Quigley said the Government had advised the board that, because of the proximity of the election, the board’s recruitment process to identify a successor needed to start later in the year.

Mr Wheeler said: “It was my intention, when I was appointed, to serve one term, and then to take on governance roles.”

He worked at the World Bank from 1997-2010, as vice-president & treasurer from 2001-06 and as operations managing director from 2006-10. As managing director, Mr Wheeler led the bank’s interactions with the IMF (International Monetary Fund) on the global financial crisis. He ran his own advisory business in the US from 2010-12. Earlier, Mr Wheeler was deputy secretary & treasurer of the Debt Management Office at the NZ Treasury from 1993-97.

Grant Spencer.

Mr Spencer was appointed as both deputy governor & head of financial stability in 2007, after 3 years as assistant governor & head of economics, and 5 years from 1985-90 as chief manager of the bank’s economics department. He was a senior executive in treasury & strategy at the ANZ Banking Group from 1995-2004, in New Zealand & Australia.

He was appointed to chair the OECD (Organisation for Economic Co-operation & Development)’s committee on financial markets in 2015. He’s also been a special advisor for the IMF’s European department, New Zealand’s alternate executive director at the IMF, chaired the OECD (Organisation for Economic Co-operation & Development)’s committee on financial markets, and chaired the EMEAP (Executives’ Meeting of East Asia Pacific Central Banks) working group on financial markets.

Mr Spencer holds a BA(Hons) in economics & information science from Victoria University of Wellington, and an MSc in econometrics & mathematical economics from the London School of Economics & Political Science.

Venables takes senior role at Context Architects

Rachel Venables.

Context Architects Ltd has promoted Rachel Venables to senior architect a year after her arrival. She leads teams to deliver masterplanned housing communities.

A winner of multiple industry awards for residential as well as furniture design, Ms Venables opened her own practice in 2002 and was one of the youngest architects to be named a fellow of the NZ Institute of Architects, in 2010.

She’s also worked for Studio D4 Ltd, Alexander & Co Ltd and Robin O’Donnell Architects Ltd.

Context principal Scott Cracknell said: “Rachel is a skilled architect & future leader. She supports our clients with professionalism & efficiency, designing well thought-out developments that offer strong returns.”

Ms Venables believes medium-density residential development is the future: “Achieving greater density through beautiful, sustainable design is key to increasing affordability and reducing sprawl. And density needs great design to be successful for everyone in the community.

“Designing developments as a whole creates a more pleasant environment. You have more of an opportunity to provide sight lines, a sense of borrowed space. If there’s gaps between buildings, there’s a sense of openness and it’s more enjoyable to live in and look at. You don’t need a lot of space with great design – good orientation, indoor & outdoor spaces relating to each other and manageable gardens that free people up to do other things with their spare time are all very desirable.”

5 February 2017:

AWF Madison restructures management

AWF Madison Group Ltd has reviewed its management structure following the resignation of subsidiary company AWF Ltd’s chief operating officer, Alex Park, 2 weeks ago, to be effective in March.

Group chief executive Simon Bennett said on Friday the board agreed with him that it was an appropriate time to divide operations geographically into northern & southern regions: “Each region will report to a general manager, who will report to the chief executive. This will allow for a greater strategic business focus & flexibility, and drive operational & systems improvement to support the business as it grows.”

With effect from March, Fleur Board will manage the northern region and Donna Lynch will manage the southern region.

Ms Board has worked in recruitment services in Australia & New Zealand for 30 years, the last 8 years at AWF. Before moving to AWF in 2008 she was chief executive of Adecco NZ Ltd for the last 4 of the 18 years she worked for that company, winning a claim for unjustified dismissal after her position was disestablished. She will be based in Auckland.

Donna Lynch, based in Palmerston North, will manage the southern region. She’s held senior management roles in sales & marketing in fields of human capital & operations in her 20-year career, including a year as NZ managing director for Adecco Personnel Ltd.

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