The Trust Company has made key changes to its executive team following its acquisition of The New Zealand Guardian Trust Company.
“While we will maintain the Guardian Trust name in New Zealand, we are moving quickly to establish a unified management structure to ensure we take full advantage of the opportunities presented by the merger of our businesses,” said The Trust Company chief executive John Atkin.
The Guardian Trust’s John Botica joined the executive team on completion of the acquisition. Cathy Stephenson was appointed executive general manager of business operations and information systems following the restructuring of Guardian Trust’s operations. Atkin said that Stephenson was ideally placed to lead the upgrade of group’s operating processes and IT systems upgrade.
Chris McDermott has joined the group as general manager of information systems to support Stephenson, while Ray Gould has been appointed executive general manager of personal client services in Australia.
In its pre-election policy document, the FSC highlighted 15 priority reforms, with superannuation featuring prominently, urging both major parties to avoid changing super taxes without a comprehensive tax review.
The Grattan Institute has labelled the Australian super system as “too complicated” and has proposed a three-pronged reform strategy to simplify superannuation in retirement.
Super funds delivered a strong 2024 result, with the median growth fund returning 11.4 per cent, driven by strong international sharemarket performance, new data has shown.
Australian Ethical has seen FUM growth of 27 per cent in the financial year to date.