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David Brown Appointed To Head Trustee Corporation

Please find attached and below a news release from the Trustee Corporations Association announcing the appointment of David Brown Douglas as its new Executive Director.


Also attached is a backgrounder on the Trustee Corporations Association and a photograph of David.



David Brown Appointed To Head Trustee Corporation

The Trustee Corporations Association (TCA), the industry association for New Zealand’s trustee corporations, has appointed David Brown Douglas as Executive Director.

David, a chartered accountant and company director, joins the TCA from KPMG where he was responsible for the leadership of the Wellington Corporate Finance Team.

Clynton Hardy, TCA’s Chairman, said: “David has significant experience in the finance and investment banking sectors and brings a combination of commercial experience, a commitment to good governance and an extensive network to further support the TCA’s focus on investor and beneficiary protection.”

Before joining KPMG in 1990, David held a number of senior management roles in New Zealandand Asiawith NatWest Finance and Elderbank. He is also a Director of Ager Sectus Wine Estates Ltd, which owns The Crossings, Southbank Estate, and Crossroads brands and is a member of the Whanganui College Board of Trustees.

A Victoria University of Wellington graduate, David has a Bachelor of Commerce and Administration, and is a member of the New Zealand Institute of Chartered Accountants and the Instituteof Directors.

David succeeds Bob Moffat who has been the TCA’s Executive Director for 12 years, who decided to retire at the end of 2007.

Mr Hardy said, “Bob has made a substantial contribution to the TCA over the past 12 years; a period in which the trustee corporations evolved to become an integral part of the regulatory oversight of the New Zealandsecurities market.

“David is committed to further developing the role and the relationships that Bob has established for the trustee industry within the financial sector and government to further enhance the TCA’s role as advocate for investor and beneficiary protection.”



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