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07 Aug 2015

APPOINTMENT ANNOUNCEMENT | COMPLECTUS APPOINTS GRANT KEMBLE AS CHIEF EXECUTIVE OFFICER

The Complectus group has appointed Grant Kemble to the new role of Chief Executive Officer, assuming responsibility for day-to-day management from Andrew Barnes. The group includes Perpetual Guardian, Guardian Trust, Covenant Trustee Services and Foundation Corporate Trust. Mr Barnes, a finalist in the 2015 EY Entrepreneur of the Year Awards, will remain as Managing Director and focus on large-scale business innovation, acquisition and philanthropy enterprises.

Mr Kemble brings extensive commercial acumen from his background in legal services, particularly in transactional, capital markets and funds management work. He joins Complectus from the law firm Russell McVeagh, which he first joined as a solicitor in 1992. He became a Partner in the Corporate Advisory Group in 1998, and served as Chairman of the Board of Management in 2008 and 2009. He is regarded as one of the premier corporate lawyers in Australasia.

Mr Kemble is also a Non-Executive Director of Airways New Zealand, the state-owned enterprise responsible for air traffic management in New Zealand’s airspace.

Mr Kemble says, “I have worked with Andrew and Complectus for some time. Andrew is an innovator and entrepreneur who has a clear and progressive vision for the fiduciary sector in New Zealand, and is leading change of a kind we have not seen before. The opportunity to contribute to the realisation of his vision for service innovation and expansion – not only locally but on a global scale – was too good to pass up.”

Mr Barnes says, “Grant’s years of experience in complex business transactions and advisory matters, as well as his governance background and long-standing relationships with regulators, make him the ideal person to lead Complectus into its next phase. Under his management the business will continue to innovate in fiduciary, legal, philanthropy and digital services and to develop a fiduciary platform for global application.”

Since forming through the coming together of Guardian Trust and Perpetual Trust, Perpetual Guardian has returned to a pure fiduciary services model that engages with Kiwis and provides services through a variety of platforms that include New Zealand’s leading digital provider of online will services, Kōwhiri.

Complectus’ recent acquisitions in support of its expansion include Covenant Trustee Services and Foundation Corporate Trust. Guardian Trust, which provides statutory supervision and corporate trustee services within the group, has over $110 billion in assets under supervision.

Meanwhile, Perpetual Guardian is expanding its existing philanthropy service by establishing the Perpetual Guardian Foundation and other vehicles that encourage New Zealanders into long-term charitable giving at a level they can afford. The company currently manages over 650 charitable trusts and from these distributes more than $40 million each year.

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For more information:
Kate Alexander
Alexander Communications
+64 (0)27 244 6094

kate@alexandercomms.co.nz

About Complectus

Complectus was established in 2014 to acquire New Zealand Guardian Trust and subsequently acquired Perpetual Trust. The operations of Perpetual Trust are being combined with those of Guardian Trust to create New Zealand’s leading statutory trust business, Perpetual Guardian.

About Perpetual Guardian

New Zealand’s leading statutory trust business, Perpetual Guardian, was created with the recent coming together of Perpetual Trust and Guardian Trust. As two of New Zealand’s oldest trustee companies, they have over 130 years of experience in providing estate planning, philanthropy and corporate trustee services to New Zealand individuals, families and companies.

The experience and reputation of Guardian Trust have made the company the preferred provider of corporate trustee services for many of New Zealand’s leading corporations, financial institutions, fund managers and banks. Guardian Trust proactively monitors the obligations of its clients to their investors in a commercial and pragmatic manner and with regard to its duties at law, including the provisions of the relevant trust deed. As a statutory supervisor and corporate trustee, Guardian Trust has over $110 billion in assets under supervision.

In the private client services sector, Perpetual Guardian’s mission is to ensure that every New Zealander who should have a Will has a Will, by making them affordable and accessible to everyone. All consultants are specialists in their field; for example, client managers are experts in tailoring a solution that fits clients’ needs, using well-crafted Wills, Trusts, EPAs and other legal structures. Perpetual Guardian helps to preserve all that clients have worked for, by ensuring their wishes are carried out.

As the country’s pre-eminent provider of philanthropic services, Perpetual Guardian manages over 650 charitable foundations and through these gives away in excess of $40 million each year. The company offers strategic advice, long-term investment management, careful planning and a commitment to ensuring that people’s generosity is effectively sustained over many lifetimes.

The charitable distributions from trusts established by Perpetual Guardian and its clients touch all facets of life. They provide services and support to New Zealanders from the very young to the sick and elderly, and encompass sectors ranging from education to medical research.

Perpetual Guardian continues to innovate in its industry by creating digital solutions that will make Perpetual Guardian the first choice of New Zealanders seeking to protect their legacy. The company has offices nationwide, with over 140,000 Will relationships and the administration or supervision of assets valued at over $100 billion.

About Kōwhiri

Kōwhiri (‘choice’ in te reo) is New Zealand’s leading digital provider of online Will services. It is the home of some of New Zealand’s most innovative estate service offerings: the Will-focused site e-wills.co.nz; easy steps for future planning and Will-making at my-bucketlist.co.nz (also accessible at willtolive.co.nz); and MyDigitalVault, an online storage facility which permits the secure storage and sharing of important documents.

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Perpetual Guardian is a trading name of The New Zealand Guardian Trust Company Limited and Perpetual Trust Limited. For Authorised Financial Advisers, a disclosure statement is available upon request and free of charge.