On the move, November 2018

Bridget Coates, who joined the Real Estate Institute’s board in September, assumed the chair yesterday, replacing Dame Rosanne Meo, who retired at the institute’s annual meeting after 8 years on the board.
Miriam Dean QC, appointed to the board in November 2017, was named deputy chair. Angela Bull will chair the audit & risk committee following the retirement of Philip Searle. Ms Coates was made a member of the NZ Order of Merit in 2014 for her services to business. She’s a director of Tegel Group Holdings Ltd, chairs and is chief executive of Kura Nutrition and White Cloud Dairy Innovation Ltd, and is a member of the Auckland University Business School’s advisory board. She completed a term as a director of the Reserve Bank in September and was previously a director of the NZ Superannuation Fund. Past roles in her extensive business career include being chief executive of Carter Holt Harvey Plastic Products & a director of numerous Carter Holt subsidiaries, director of research for CS First Boston NZ Ltd, inaugural chair of Auckland-based incubator The Icehouse Ltd, a director of NZX-listed SkyCity Entertainment Group Ltd and Fisher & Paykel Appliances Holdings Ltd. She’s been on the board of the NZ/US Beachhead Programme – an NZ Government programme offering strategic advice & mentoring to businesses seeking access to the US market, Industry NZ (now NZ Trade & Enterprise), Committee for Auckland Ltd and Auckland University-owned technology transfer business Auckland Uniservices Ltd. She has degrees in economics & finance and is a chartered financial analyst. 25 November 2018: Melinda Dickey appointed to Environment Court

New Environment Court judge Melinda Dickey.

Brookfields law firm partner Melinda Dickey was appointed as an environment & district court judge this week. She’ll be sworn in on 1 February and sit in Auckland. She’s been a partner at Brookfields since 1996, specialising in all aspects of resource management & environmental law. Since 2013 she’s acted for Auckland Council providing advice & attending hearings on the Auckland unitary plan, including Environment Court & High Court proceedings. She’s also advised a number of local authorities on infrastructure projects & planning instruments, and commercial & private clients involved in developments, and provided strategic advice on public & administrative law, local government law & environmental law issues on major infrastructure projects, particularly for clients such as the NZ Transport Agency & local authorities. 23 November 2018: Hayde takes on business sales management at NAI Harcourts

Jayson Hayde.

NAI Harcourts Cooper & Co has appointed Jayson Hayde as business sales general manager, after 6 months in business sales with the Takapuna-based commercial property agency, and 3 years running 2 private companies. One of those companies generated new deals for a developer of multi-unit residential projects, while the other provided governance & business strategy to a business & client base. Since 2005, Mr Hayde has been managing director of North Carolina-based New Vision Investments Inc, which developed brand strategy & advertising revenue for clients, primarily focused on emerging franchise organisations in the New Zealand & Australian markets. He was also an operations manager for McDonald’s Corp for 8 years. 16 November 2018: Gudgeon joins Argosy board

Chris Gudgeon.

Argosy Property Ltd has appointed former Kiwi Property Group Ltd chief executive Chris Gudgeon as an independent director, with effect from Wednesday 14 November. Mr Gudgeon left Kiwi Property in September, over a year after he gave notice. He’d led the business since 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 Property Trust’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. He’s also a former president of the Property Council. Harcourts appoints Forde as international chief operating officer

Rob Forde.

Real estate franchise group Harcourts International has named Rob Forde as international chief operating officer, responsible for leading operations & driving growth in 6 Harcourts territories – the US, China, Hong Kong, Canada, South Africa & Indonesia – as well as taking responsibility for Harcourts’ financial services business, Mortgage Express. An Australian, he’ll be based in Harcourts’ head office in Brisbane. Harcourts International managing director Mike Green said that, with over $35 billion of property sold over the last 12 months in 10 countries, Harcourts’ continued growth demanded top-tier industry leaders to drive winning strategy & streamlined operations. “Mr Forde is perfectly poised to take on this new role and join the international leadership team, with tertiary qualifications in business/international business and leadership experience with Harcourts in both Australia & the US. Since 2015, Mr Forde has been based in the US as regional director of Harcourts Pacific – California, Nevada & Hawaii. “Rob has been instrumental in the rapid growth of Harcourts in the US real estate market, and an effective leader to our business owners & their teams.” Mr Forde will work alongside Harcourts International chief operating officer Jo-Anne Clifford, who will now focus exclusively on operations supporting the Harcourts Australia & Harcourts NZ leadership teams & Harcourts International Property Management. Ms Clifford, who celebrated 30 years with Harcourts this year, said: “For me, this new focused direction is about the connection with our people across the network. We have designed this working approach to strengthen our unique Harcourts culture, as it’s what sets us apart in the market.” Ben Brady, Harcourts’ current US auctions director, will become regional director of Harcourts Pacific. 13 November 2018: Hatten joins Birch Surveyors

Mark Hatten.

Birch Surveyors Ltd has appointed Mark Hatten to the new role of business development manager. Mr Hatten, based in Auckland, will provide technical support and develop opportunities across the surveying, planning & land development engineering consultancy’s 4 offices servicing Auckland, Waikato & Coromandel. Mr Hatten completed a Bachelor of Surveying degree at Otago University in 1994 and became a registered professional surveyor in 1998. He worked for Truebridge Callender Beach Ltd for 10 years, starting in Wellington and moving to Auckland in 1999 to establish a branch office. For the last 14 years he’s been a principal of Thurlow Consulting Ltd, where he obtained wide experience in land development & infrastructure projects. Mr Hatten’s fields of special competence include project management, subdivision design, land surveying, resource management consents, land development engineering, construction set-out and as an expert witness. He said his notable projects had included surveying advice & expert witness for a 400-unit development in Albany, survey manager for the topographical survey of the 67km Auckland rail network, managing the title rationalisation of 300 Housing NZ properties and sole responsibility for the construction set-out of Te Papa in the last 18 months of the project. Mark’s business & land development experience add additional strength to the Birch leadership team as the company moves forward into a new era of growth & development. Birch’s 25 land surveyors, planners & civil engineers work from offices in Pukekohe, Penrose, Tairua & Hamilton. Kevin Birch established the firm in 1989 and was joined by his father, Sir William Birch, at the conclusion of his 27-year career in Parliament in 1999. Sir William was architect of the Think Big projects in the 1970s-80s and finance minister for 6 years in the 1990s. Haslem joins Oyster board 

Sophie Haslem.

Oyster Property Group Ltd has appointed Sophie Haslem, of Wellington, as an independent director. She’ll also chair the board’s audit & risk committee. She has over 20 years’ experience in strategy consulting & corporate finance and is a director of CentrePort Ltd, Kordia Group Ltd, Magritek Ltd, MetService & Rangatira Ltd, and a trustee of the Akina Foundation. She’s held positions with a diverse range of companies in New Zealand & Australia, including NZ Post, Citibank NA, ANZ Investment Bank and Cap Gemini Ernst & Young. Oyster’s chair, Joanna Perry, said Ms Haslem’s investment banking & strategic planning expertise aligned well with Oyster’s current business operations & planned corporate growth. “Additionally, her specific governance experience provides an excellent platform from which to chair the audit & risk committee.” Oyster has particular expertise in property fund structuring & equity raising, and currently manages over 20 property funds structured for retail & wholesale investors, including the diversified Oyster Direct Property Fund. The company partners with institutional capital & private equity investing in commercial property, and holds management mandates with third party property owners across development, asset management, property & facilities management and retail leasing. Oyster manages $1.4 billion of retail, office & industrial assets throughout New Zealand. Its team comprises specialists in transactions, asset & property management, development & finance. ASX-listed Cromwell Property Group owns 50% of the company. Vital manager appoints director

Graham Stuart.

NorthWest Healthcare Properties Management Ltd, the manager of the Vital Healthcare Property Trust, has appointed Graham Stuart of Auckland as a director & audit committee member, effective immediately. Mr Stuart is an experienced corporate director with an established track record of performance in governance & in prior executive roles. He’s the independent chair of EROAD Ltd and an independent director & audit committee chair of Tower Ltd. He was strategy & growth director and chief financial officer of Fonterra Co-operative Group from 2001-07, and chief executive of Sealord Group from 2007-14. Mr Stuart is a fellow of Chartered Accountants Australia & NZ and a member of the NZ Institute of Directors. He has a BCom (first class honours) from Otago University and an MSc from Massachusetts Institute of Technology. It’s intended that he transition to chairing the audit committee, taking over from Claire Higgins, who chairs the management company. Mrs Higgins said Vital had been a strong & consistent performer over the last decade, with unitholder returns comfortably exceeding the total sharemarket & peer group indices over that period, and she was confident Mr Stuart would play an important role in Vital’s drive to maintain a high level of performance. NorthWest’s search & recruitment process followed a review of the board structure foreshadowed in April, on the retirement of then chair Graeme Horsley. Mrs Higgins said: “The search process canvassed a broad field of candidates, including a number put forward by investment institutions in New Zealand. We have welcomed the opportunity to engage with interested unitholders in this context, and in particular their willingness to put forward potential candidates ahead of the formal nominations process.” 11 November 2018: Walters joins K3 Legal

Jeff Walters.

Property & construction law specialist Jeff Walters has joined the K3 Legal team, taking the number of directors to 8. Mr Walters has 19 years’ experience in the sector, including acting for some of New Zealand’s largest organisations. He said of his appointment: “K3 is very distinct in the way it goes about the business of law and I’m excited by those opportunities. And having the K3 Accounting & K3 Consulting teams working alongside K3 Legal will be very useful, particularly for construction & property clients. Mr Walters started his career with Chapman Tripp in Auckland before a stint with Chapman Tripp in Wellington and then a return to Auckland & Bell Gully. In 2012, he joined Lowndes as a partner, where he spent 5 years, followed by 18 months at Anderson Creagh Lai. He’s presented seminars on topics such as residential development in Auckland, the Building Act 2004, the Property Law Act 2007, the NEC form of construction contract, and limited liability partnerships & property development. He advises on all property matters, including property management, acquisition & disposal, hotel leasing, management & brand franchising, commercial, retail & industrial leasing, development, construction, and mortgagee sales. “My clients include developers who are buying land, building on it and then onselling, so I’m involved with their projects from beginning to end. I also work on residential & commercial sales & leasing, and advise on construction disputes.” In addition to his law degree from Auckland University, Mr Walters has a masters in art history so has a keen appreciation of the many artworks adorning K3’s walls. 6 November 2018: New Metro Glass chief now due this month Metro Performance Glass Ltd’s new chief executive, Simon Mander, will join the company 2 months earlier than anticipated when he was appointed in August. His start date has been brought forward from January to Monday 19 November. Mr Mander has been chief executive at Tru-Test Corp Ltd for a year. Swiss company Datamar SA completed its acquisition of Tru-Test at the end of September. That was one of 3 short appointments for Mr Mander since January 2016, when he left Rapak Asia Pacific after 11 years as managing director. He was general manager of transformation at Fletcher Building Ltd’s building products division for the next 8 months, then headed Fletcher subsidiary Firth Industries Ltd’s masonry, dricon & CSP Pacific businesses for a year. Penney to join Stride as investment manager Stride Investment Management Ltd has appointed HRL Morrison & Co Ltd investment director Steve Penney as investment general manager, starting in February. In his 6 years at Morrison & Co, he’s led property investment & redevelopment projects and managed multi-functional teams to deliver property investment strategies. At Stride, he will be instrumental in the next evolution of the property group’s investment management fund strategy. Before joining Morrison, he spent 8½ years at PricewaterhouseCoopers, where he advised governments on largescale infrastructure projects in both New Zealand & Australia, with a focus on the financial & commercial aspects, and gained extensive experience in corporate treasury & financial markets. Stride chief executive Philip Littlewood, who joined the company in June 2017, said this appointment completed his executive team, which now had “the right mix of domestic & international experience to seek new opportunities & further grow Stride Property Group”. Reserve Bank redesigns leadership structure The Reserve Bank is creating a new senior leadership team to achieve its vision of “great team, best central bank”. The new structure will take effect in December. Reserve Bank governor Adrian Orr said last Friday the new team would better balance the workload, allow leaders to operate more strategically and provide more depth in teams for growing capacity & capability. “The Reserve Bank currently has a senior management group made up of 13 positions. The new leadership structure is focused & better aligned to how we operate as a whole – across people; systems & processes; policy; and relationship management.” Mr Orr said bringing about the new team had implications across the bank. Affected staff had been consulted, some had taken new positions on the team or other leadership roles in the bank, and a few had elected to leave the bank. Appointments to senior leadership team:
  • Geoff Bascand (currently deputy governor & head of financial stability) has accepted a role on the team as deputy governor & general manager of financial stability
  • Lindsay Jenkin (currently head of human resources) has accepted a role on the team as assistant governor/general manager of people & culture
  • Mike Wolyncewicz (currently chief financial officer & head of financial services group) has accepted a role on the team as assistant governor/chief financial officer finance.
Mr Orr said the bank would start recruiting soon for the remaining 3 roles on the team. Leadership changes:
  • John McDermott (currently assistant governor & head of economics) has accepted the role of chief economist & head of department for economics in the economics, financial markets & banking group
  • Toby Fiennes (currently head of prudential supervision department) has accepted the role of head of department for financial stability policy & analytics
  • Steve Gordon (currently head of currency, property & security) has accepted the role of head of department banking in a newly formed economics, financial markets & banking group
  • Patrick Hoerler (currently head of risk, assurance & assessment) has accepted the role of head of department for risk & audit in a newly formed governance, strategy & corporate relations group
  • Steffi Schuster has accepted the new role of head of department for data & statistics
  • Andy Wood has accepted the new role of head of department for financial system oversight.
Departures:
  • Sean Mills (assistant governor & head of operations), Mark Perry (head of financial markets) & Klarissa Plimmer (chief information officer & head of digital services) have elected to leave the Reserve Bank
  • Bernard Hodgetts (head of macro-financial department, who is currently seconded as director Reserve Bank review in the Treasury) has also chosen to leave the Reserve Bank after he finishes his role leading the review.
2 November 2018: Lowndes appoints Dewe as director

Kerri Dewe.

Law firm Lowndes Ltd has appointed Kerri Dewe as a director. She joined the firm in 2011 after her return from 3½ years as a senior associate at Dentons in Dubai. She became a principal of Lowndes in 2013 and has developed her practice in corporate and mergers & acquisitions law. Chambers Asia Pacific recognised her in 2014 as ‘associate to watch’, and Legal500 Asia Pacific in 2018 as a ‘next generation lawyer’. She regularly advises on constitutional & governance issues, corporate refinancing, securities legislation, regulatory compliance, consumer law & non-contentious employment matters, and has experience in telecommunications & technology law, advising on procurement, outsourcing, licensing, compliance, internet-related issues & energy projects. After graduating from Otago University in 2002 with an LlB (honours – first class) & BCom (economics), Ms Dewe joined Chapman Tripp in Auckland then spent a year as a project manager for the initial roll-out of Vodafone’s 3G network, liaising with stakeholders, including external consultants, local government, landowners & community groups, negotiating multiple site agreements and contributing to upper management decisions. She joined Lowndes Jordan (LowndesLaw’s first independent firm) for 2 years before her stint in Dubai. Ms Dewe is also an endurance athlete, competing in the Kona world ironman championship in Hawaii last year. Got an appointment you want the world to know about? Hit this email tab – [email protected]. New chair & deputy for Real Estate Institute Melinda Dickey appointed to Environment Court Hayde takes on business sales management at NAI Harcourts Gudgeon joins Argosy board Harcourts appoints Forde as international chief operating officer Hatten joins Birch Surveyors Haslem joins Oyster board  Vital manager appoints director Walters joins K3 Legal New Metro Glass chief now due this month Penney to join Stride as investment manager Reserve Bank redesigns leadership structure Lowndes appoints Dewe as director On the move is a Bob Dey Property Report column about comings, goings, rises & falls. Contributions are welcome, including photos – email [email protected] with details (of the coming or going) & a jpeg or png image. 27 November 2018: New chair & deputy for Real Estate Institute
Bridget Coates, who joined the Real Estate Institute’s board in September, assumed the chair yesterday, replacing Dame Rosanne Meo, who retired at the institute’s annual meeting after 8 years on the board.
Miriam Dean QC, appointed to the board in November 2017, was named deputy chair. Angela Bull will chair the audit & risk committee following the retirement of Philip Searle. Ms Coates was made a member of the NZ Order of Merit in 2014 for her services to business. She’s a director of Tegel Group Holdings Ltd, chairs and is chief executive of Kura Nutrition and White Cloud Dairy Innovation Ltd, and is a member of the Auckland University Business School’s advisory board. She completed a term as a director of the Reserve Bank in September and was previously a director of the NZ Superannuation Fund. Past roles in her extensive business career include being chief executive of Carter Holt Harvey Plastic Products & a director of numerous Carter Holt subsidiaries, director of research for CS First Boston NZ Ltd, inaugural chair of Auckland-based incubator The Icehouse Ltd, a director of NZX-listed SkyCity Entertainment Group Ltd and Fisher & Paykel Appliances Holdings Ltd. She’s been on the board of the NZ/US Beachhead Programme – an NZ Government programme offering strategic advice & mentoring to businesses seeking access to the US market, Industry NZ (now NZ Trade & Enterprise), Committee for Auckland Ltd and Auckland University-owned technology transfer business Auckland Uniservices Ltd. She has degrees in economics & finance and is a chartered financial analyst. 25 November 2018: Melinda Dickey appointed to Environment Court

New Environment Court judge Melinda Dickey.

Brookfields law firm partner Melinda Dickey was appointed as an environment & district court judge this week. She’ll be sworn in on 1 February and sit in Auckland. She’s been a partner at Brookfields since 1996, specialising in all aspects of resource management & environmental law. Since 2013 she’s acted for Auckland Council providing advice & attending hearings on the Auckland unitary plan, including Environment Court & High Court proceedings. She’s also advised a number of local authorities on infrastructure projects & planning instruments, and commercial & private clients involved in developments, and provided strategic advice on public & administrative law, local government law & environmental law issues on major infrastructure projects, particularly for clients such as the NZ Transport Agency & local authorities. 23 November 2018: Hayde takes on business sales management at NAI Harcourts

Jayson Hayde.

NAI Harcourts Cooper & Co has appointed Jayson Hayde as business sales general manager, after 6 months in business sales with the Takapuna-based commercial property agency, and 3 years running 2 private companies. One of those companies generated new deals for a developer of multi-unit residential projects, while the other provided governance & business strategy to a business & client base. Since 2005, Mr Hayde has been managing director of North Carolina-based New Vision Investments Inc, which developed brand strategy & advertising revenue for clients, primarily focused on emerging franchise organisations in the New Zealand & Australian markets. He was also an operations manager for McDonald’s Corp for 8 years. 16 November 2018: Gudgeon joins Argosy board

Chris Gudgeon.

Argosy Property Ltd has appointed former Kiwi Property Group Ltd chief executive Chris Gudgeon as an independent director, with effect from Wednesday 14 November. Mr Gudgeon left Kiwi Property in September, over a year after he gave notice. He’d led the business since 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 Property Trust’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. He’s also a former president of the Property Council. Harcourts appoints Forde as international chief operating officer

Rob Forde.

Real estate franchise group Harcourts International has named Rob Forde as international chief operating officer, responsible for leading operations & driving growth in 6 Harcourts territories – the US, China, Hong Kong, Canada, South Africa & Indonesia – as well as taking responsibility for Harcourts’ financial services business, Mortgage Express. An Australian, he’ll be based in Harcourts’ head office in Brisbane. Harcourts International managing director Mike Green said that, with over $35 billion of property sold over the last 12 months in 10 countries, Harcourts’ continued growth demanded top-tier industry leaders to drive winning strategy & streamlined operations. “Mr Forde is perfectly poised to take on this new role and join the international leadership team, with tertiary qualifications in business/international business and leadership experience with Harcourts in both Australia & the US. Since 2015, Mr Forde has been based in the US as regional director of Harcourts Pacific – California, Nevada & Hawaii. “Rob has been instrumental in the rapid growth of Harcourts in the US real estate market, and an effective leader to our business owners & their teams.” Mr Forde will work alongside Harcourts International chief operating officer Jo-Anne Clifford, who will now focus exclusively on operations supporting the Harcourts Australia & Harcourts NZ leadership teams & Harcourts International Property Management. Ms Clifford, who celebrated 30 years with Harcourts this year, said: “For me, this new focused direction is about the connection with our people across the network. We have designed this working approach to strengthen our unique Harcourts culture, as it’s what sets us apart in the market.” Ben Brady, Harcourts’ current US auctions director, will become regional director of Harcourts Pacific. 13 November 2018: Hatten joins Birch Surveyors

Mark Hatten.

Birch Surveyors Ltd has appointed Mark Hatten to the new role of business development manager. Mr Hatten, based in Auckland, will provide technical support and develop opportunities across the surveying, planning & land development engineering consultancy’s 4 offices servicing Auckland, Waikato & Coromandel. Mr Hatten completed a Bachelor of Surveying degree at Otago University in 1994 and became a registered professional surveyor in 1998. He worked for Truebridge Callender Beach Ltd for 10 years, starting in Wellington and moving to Auckland in 1999 to establish a branch office. For the last 14 years he’s been a principal of Thurlow Consulting Ltd, where he obtained wide experience in land development & infrastructure projects. Mr Hatten’s fields of special competence include project management, subdivision design, land surveying, resource management consents, land development engineering, construction set-out and as an expert witness. He said his notable projects had included surveying advice & expert witness for a 400-unit development in Albany, survey manager for the topographical survey of the 67km Auckland rail network, managing the title rationalisation of 300 Housing NZ properties and sole responsibility for the construction set-out of Te Papa in the last 18 months of the project. Mark’s business & land development experience add additional strength to the Birch leadership team as the company moves forward into a new era of growth & development. Birch’s 25 land surveyors, planners & civil engineers work from offices in Pukekohe, Penrose, Tairua & Hamilton. Kevin Birch established the firm in 1989 and was joined by his father, Sir William Birch, at the conclusion of his 27-year career in Parliament in 1999. Sir William was architect of the Think Big projects in the 1970s-80s and finance minister for 6 years in the 1990s. Haslem joins Oyster board 

Sophie Haslem.

Oyster Property Group Ltd has appointed Sophie Haslem, of Wellington, as an independent director. She’ll also chair the board’s audit & risk committee. She has over 20 years’ experience in strategy consulting & corporate finance and is a director of CentrePort Ltd, Kordia Group Ltd, Magritek Ltd, MetService & Rangatira Ltd, and a trustee of the Akina Foundation. She’s held positions with a diverse range of companies in New Zealand & Australia, including NZ Post, Citibank NA, ANZ Investment Bank and Cap Gemini Ernst & Young. Oyster’s chair, Joanna Perry, said Ms Haslem’s investment banking & strategic planning expertise aligned well with Oyster’s current business operations & planned corporate growth. “Additionally, her specific governance experience provides an excellent platform from which to chair the audit & risk committee.” Oyster has particular expertise in property fund structuring & equity raising, and currently manages over 20 property funds structured for retail & wholesale investors, including the diversified Oyster Direct Property Fund. The company partners with institutional capital & private equity investing in commercial property, and holds management mandates with third party property owners across development, asset management, property & facilities management and retail leasing. Oyster manages $1.4 billion of retail, office & industrial assets throughout New Zealand. Its team comprises specialists in transactions, asset & property management, development & finance. ASX-listed Cromwell Property Group owns 50% of the company. Vital manager appoints director

Graham Stuart.

NorthWest Healthcare Properties Management Ltd, the manager of the Vital Healthcare Property Trust, has appointed Graham Stuart of Auckland as a director & audit committee member, effective immediately. Mr Stuart is an experienced corporate director with an established track record of performance in governance & in prior executive roles. He’s the independent chair of EROAD Ltd and an independent director & audit committee chair of Tower Ltd. He was strategy & growth director and chief financial officer of Fonterra Co-operative Group from 2001-07, and chief executive of Sealord Group from 2007-14. Mr Stuart is a fellow of Chartered Accountants Australia & NZ and a member of the NZ Institute of Directors. He has a BCom (first class honours) from Otago University and an MSc from Massachusetts Institute of Technology. It’s intended that he transition to chairing the audit committee, taking over from Claire Higgins, who chairs the management company. Mrs Higgins said Vital had been a strong & consistent performer over the last decade, with unitholder returns comfortably exceeding the total sharemarket & peer group indices over that period, and she was confident Mr Stuart would play an important role in Vital’s drive to maintain a high level of performance. NorthWest’s search & recruitment process followed a review of the board structure foreshadowed in April, on the retirement of then chair Graeme Horsley. Mrs Higgins said: “The search process canvassed a broad field of candidates, including a number put forward by investment institutions in New Zealand. We have welcomed the opportunity to engage with interested unitholders in this context, and in particular their willingness to put forward potential candidates ahead of the formal nominations process.” 11 November 2018: Walters joins K3 Legal

Jeff Walters.

Property & construction law specialist Jeff Walters has joined the K3 Legal team, taking the number of directors to 8. Mr Walters has 19 years’ experience in the sector, including acting for some of New Zealand’s largest organisations. He said of his appointment: “K3 is very distinct in the way it goes about the business of law and I’m excited by those opportunities. And having the K3 Accounting & K3 Consulting teams working alongside K3 Legal will be very useful, particularly for construction & property clients. Mr Walters started his career with Chapman Tripp in Auckland before a stint with Chapman Tripp in Wellington and then a return to Auckland & Bell Gully. In 2012, he joined Lowndes as a partner, where he spent 5 years, followed by 18 months at Anderson Creagh Lai. He’s presented seminars on topics such as residential development in Auckland, the Building Act 2004, the Property Law Act 2007, the NEC form of construction contract, and limited liability partnerships & property development. He advises on all property matters, including property management, acquisition & disposal, hotel leasing, management & brand franchising, commercial, retail & industrial leasing, development, construction, and mortgagee sales. “My clients include developers who are buying land, building on it and then onselling, so I’m involved with their projects from beginning to end. I also work on residential & commercial sales & leasing, and advise on construction disputes.” In addition to his law degree from Auckland University, Mr Walters has a masters in art history so has a keen appreciation of the many artworks adorning K3’s walls. 6 November 2018: New Metro Glass chief now due this month Metro Performance Glass Ltd’s new chief executive, Simon Mander, will join the company 2 months earlier than anticipated when he was appointed in August. His start date has been brought forward from January to Monday 19 November. Mr Mander has been chief executive at Tru-Test Corp Ltd for a year. Swiss company Datamar SA completed its acquisition of Tru-Test at the end of September. That was one of 3 short appointments for Mr Mander since January 2016, when he left Rapak Asia Pacific after 11 years as managing director. He was general manager of transformation at Fletcher Building Ltd’s building products division for the next 8 months, then headed Fletcher subsidiary Firth Industries Ltd’s masonry, dricon & CSP Pacific businesses for a year. Penney to join Stride as investment manager Stride Investment Management Ltd has appointed HRL Morrison & Co Ltd investment director Steve Penney as investment general manager, starting in February. In his 6 years at Morrison & Co, he’s led property investment & redevelopment projects and managed multi-functional teams to deliver property investment strategies. At Stride, he will be instrumental in the next evolution of the property group’s investment management fund strategy. Before joining Morrison, he spent 8½ years at PricewaterhouseCoopers, where he advised governments on largescale infrastructure projects in both New Zealand & Australia, with a focus on the financial & commercial aspects, and gained extensive experience in corporate treasury & financial markets. Stride chief executive Philip Littlewood, who joined the company in June 2017, said this appointment completed his executive team, which now had “the right mix of domestic & international experience to seek new opportunities & further grow Stride Property Group”. Reserve Bank redesigns leadership structure The Reserve Bank is creating a new senior leadership team to achieve its vision of “great team, best central bank”. The new structure will take effect in December. Reserve Bank governor Adrian Orr said last Friday the new team would better balance the workload, allow leaders to operate more strategically and provide more depth in teams for growing capacity & capability. “The Reserve Bank currently has a senior management group made up of 13 positions. The new leadership structure is focused & better aligned to how we operate as a whole – across people; systems & processes; policy; and relationship management.” Mr Orr said bringing about the new team had implications across the bank. Affected staff had been consulted, some had taken new positions on the team or other leadership roles in the bank, and a few had elected to leave the bank. Appointments to senior leadership team:
  • Geoff Bascand (currently deputy governor & head of financial stability) has accepted a role on the team as deputy governor & general manager of financial stability
  • Lindsay Jenkin (currently head of human resources) has accepted a role on the team as assistant governor/general manager of people & culture
  • Mike Wolyncewicz (currently chief financial officer & head of financial services group) has accepted a role on the team as assistant governor/chief financial officer finance.
Mr Orr said the bank would start recruiting soon for the remaining 3 roles on the team. Leadership changes:
  • John McDermott (currently assistant governor & head of economics) has accepted the role of chief economist & head of department for economics in the economics, financial markets & banking group
  • Toby Fiennes (currently head of prudential supervision department) has accepted the role of head of department for financial stability policy & analytics
  • Steve Gordon (currently head of currency, property & security) has accepted the role of head of department banking in a newly formed economics, financial markets & banking group
  • Patrick Hoerler (currently head of risk, assurance & assessment) has accepted the role of head of department for risk & audit in a newly formed governance, strategy & corporate relations group
  • Steffi Schuster has accepted the new role of head of department for data & statistics
  • Andy Wood has accepted the new role of head of department for financial system oversight.
Departures:
  • Sean Mills (assistant governor & head of operations), Mark Perry (head of financial markets) & Klarissa Plimmer (chief information officer & head of digital services) have elected to leave the Reserve Bank
  • Bernard Hodgetts (head of macro-financial department, who is currently seconded as director Reserve Bank review in the Treasury) has also chosen to leave the Reserve Bank after he finishes his role leading the review.
2 November 2018: Lowndes appoints Dewe as director

Kerri Dewe.

Law firm Lowndes Ltd has appointed Kerri Dewe as a director. She joined the firm in 2011 after her return from 3½ years as a senior associate at Dentons in Dubai. She became a principal of Lowndes in 2013 and has developed her practice in corporate and mergers & acquisitions law. Chambers Asia Pacific recognised her in 2014 as ‘associate to watch’, and Legal500 Asia Pacific in 2018 as a ‘next generation lawyer’. She regularly advises on constitutional & governance issues, corporate refinancing, securities legislation, regulatory compliance, consumer law & non-contentious employment matters, and has experience in telecommunications & technology law, advising on procurement, outsourcing, licensing, compliance, internet-related issues & energy projects. After graduating from Otago University in 2002 with an LlB (honours – first class) & BCom (economics), Ms Dewe joined Chapman Tripp in Auckland then spent a year as a project manager for the initial roll-out of Vodafone’s 3G network, liaising with stakeholders, including external consultants, local government, landowners & community groups, negotiating multiple site agreements and contributing to upper management decisions. She joined Lowndes Jordan (LowndesLaw’s first independent firm) for 2 years before her stint in Dubai. Ms Dewe is also an endurance athlete, competing in the Kona world ironman championship in Hawaii last year. Got an appointment you want the world to know about? Hit this email tab – [email protected].

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