Board and Governance

Guiding Us

Our Board of Directors

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.

Statutory and Licensed Activities

Trustees Executors is a trustee company under the Trustee Companies Act 1967, allowing it to be appointed to act as trustee, hold other fiduciary positions and to establish Group Investment Funds. The Trustees Executors Act 2002 also provides the company with powers in relation to acting as an executor.

The company holds licences under the Financial Markets Supervisors Act 2011 and Financial Markets Conduct Act 2013.  All licences are issued by the Financial Markets Authority (FMA), and are for a five year period.

Current licences held are:

  1. Corporate Independent Trustee Licence
  2. Discretionary Investment Management Services Licence, and
  3. Supervisors Licence.

These licences allow Trustees Executors to act as:

●  A supervisor in respect of debt securities

●  A supervisor in respect of registered schemes

●  A statutory supervisor in respect of retirement villages

●  Act as a corporate independent trustee (for restricted schemes)

●  Provide discretionary investment management services.

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. 

Trustees Executors Board

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. 

Corporate Trustee Services Board

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. 

Audit, Risk and Compliance Committee

Monitors financial, operational and compliance risk, including with respect to licensed activities. 

Investment Committee

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.

Trustees Executors Company Policies

To view our key company policies please see further details here.