Guardian Trust Granted Licence To Operate As A Trustee

20 September 2012

Guardian Trust Granted Licence To Operate As A Trustee And Statutory Supervisor

Guardian Trust was yesterday granted a full Trustees and Statutory Supervisors licence by the Financial Markets Authority (FMA).

The licence is only granted to those trustee firms that can show “every director and senior manager is of good character, that they are registered on the Financial Service Providers Register (FSPR), that they have the relevant experience, skills and qualifications to do the job, and robust and detailed procedures for ensuring compliance of each supervised interest”.

The Trust Company, the parent company of Guardian Trust, is a leading trustee in New Zealand, Australia and Singapore.

Group Executive General Manager, Corporate Client Services, David Grbin said, “We are delighted to be granted this licence, which recognises the quality and experience of our staff and our dedication to protecting our clients’ interests first and foremost. We are committed to building on our strong reputation in the region and developing our corporate trustee service offering in New Zealand.

“This endorsement comes at an exciting time for our Group, as we deepen the expertise of our team in New Zealand, Australia and Singapore and continue to transform our business to take full competitive advantage of our regional footprint.”

About Guardian Trust

Established in 1882, Guardian Trust (The New Zealand Guardian Trust Company Limited) is a part of The Trust Company, the region’s pre-eminent trustee with a presence across New Zealand, Australia and Singapore.

Across the region, The Trust Company Group supervises around NZ$190 billion in funds across our broad corporate offering. In New Zealand we offer trustee services for Debt Securities, Securitisation, Unit Trusts, Superannuation and KiwiSaver. Our suite of corporate trustee services in Australia and Singapore includes Responsible Entity and Corporate Trustee services, Custody, Superannuation/Pension Fund Trustee, Debt Capital Markets Trustee and Managed Investment Trustee services.

As well as Corporate Trustee Services, Guardian Trust has served generations of New Zealanders and is a market leader in trusts, estates and wealth management. It is also the country’s pre-eminent provider of philanthropic services and provided $23 million in funding for charities and good causes in the last financial year.

For more information about the Securities Trustees and Statutory Supervisors licence, visit www.fma.govt.nz.

ENDS

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