Trustees Executors is governed by a Board of Directors with a deep understanding of the special fiduciary responsibilities involved with a Statutory Trustee Company and Licensed Supervisor. They have a range of commercial experience and key skills in the areas of technology, strategic thought, governance, risk management, and financial services industry knowledge.
At Trustees Executors Limited (TEL) we are committed to high standards of corporate governance and good conduct. The Trustees Executors Board is committed to promoting the long-term sustainability and prosperity of TEL and TEL Group for the benefit of all its stakeholders.
The Board sets the strategic goals of the Company and oversees the execution of business strategy. Some of its oversight is delegated to the Audit, Risk and Compliance Committee and to the Corporate Trustee Services Board. The Board operates according to a Charter, which can be viewed here.
Pursuant to provisions 20 and 21 of the Trustee Companies Act 1967, the Board of Trustees Executors has delegated some of its supervisory function of its corporate customers to a ‘local’ Board of Directors.
The Local Board is comprised of non-executive Directors who do not sit on Trustees Executors’ Board. This allows the local board to focus on Trustees Executors’ compliance with its licensed supervisor obligations.
Monitors financial, operational and compliance risk, including with respect to licensed activities. Its Terms of Reference can be viewed here.
Trustees Executors has appointed an Investment Committee to supervise the management of investment portfolios managed on behalf of our Private Wealth customers.
This includes Group Investment Funds managed by Trustees Executors, and portfolios managed under the Company’s Discretionary Investment Management Service Licence. Further details can be found here.
To view our key company policies please see further details here.
Trustees Executors Limited was established in 1881 and is New Zealand’s first Trustee Company.
We provide a full range of financial and trust solutions to individuals, families and the corporate sector including estate planning, trustee and investment advisory services.
We are a Licensed Financial Markets Supervisor and a leading provider of specialist Corporate Trustee and back office fund administration services to some of New Zealand’s largest financial institutions, banks and fund managers.