Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


St Laurence Strengthens Board

News Release, 28 September 2006

St Laurence Strengthens Board

Australasian investment and finance company St Laurence Limited today announced the appointment of new director, Sydney-based Geoff McWilliam.

Mr McWilliam joins the St Laurence group’s main board following confirmation last week that St Laurence has acquired several major property-based funds and asset management companies to create a $1 billion funds management business.

St Laurence managing director Kevin Podmore said the St Laurence was pleased with the appointment. “We are delighted to have secured Mr McWilliam’s services as a director, adding to an already strong board. With St Laurence’s diversification into property-based funds management, his Australasian experience will be invaluable in assisting us to drive the business in both New Zealand and also in the larger Australian market.

Sydney-based Mr McWilliam has over 35 years experience in the Australasian property industry. For the last ten years he was chief executive of the Commonwealth Bank of Australia's property activities, growing the business to more than $16 billion of assets. Mr McWilliam also spent 23 years at Lend Lease Corporation, another major Australian stock exchange listed property investment player. He is currently on the boards of Challenger Listed Investments Limited and Lend Lease Real Estate Investments Limited, and was recently a director for NZX-listed Kiwi Income Property Limited and Commonwealth Managed Investments Limited.

Mr McWilliam joins existing St Laurence Limited independent directors Jim Sherwin and Keith Sutton, and St Laurence’s Kevin Podmore, Phil Newland and Mike O’Sullivan.

In commenting on the appointment, Mr Podmore also said St Laurence is now very different than the other players operating in the finance market.

“St Laurence now has a much wider activity base than a traditional finance company, with the ability to share expertise across our single funds management and finance business. As well as core property knowledge from people who’ve been in the business for many years, the newly combined assets, revenue streams and increased capital mean investors are experiencing a stronger investment proposition.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


REINZ: Market Activity And Prices Continue To Ease, First Home Buyers Start To Return To The Market

New Zealand’s winter property market continues its recent trend, slowing from the pace of sales and price rises of last year — properties stay on the market longer and median prices dip... More>>

FMA: Cigna Admits Making False And Misleading Representations
Cigna Life Insurance New Zealand Limited has admitted to making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko... More>>

Statistics: Retail Card Spending Down 0.2 Percent In July
Retail card spending fell $11 million (0.2 percent) between June 2022 and July 2022, when adjusted for seasonal effects, Stats NZ said today... More>>

ASB: Full Year Results: Building Resilience Today And For Our Future

In its 175th year, ASB has reported a cash net profit after tax of $1,418 million for the 12 months to 30 June 2022, an increase of $122 million or 9% on the prior year... More>>

Commerce Commission: Draft Determination On News Publishers’ Association’s Collective Bargaining Application
The Commerce Commission (Commission) has reached a preliminary view that it should allow the News Publishers’ Association of New Zealand (NPA) to collectively negotiate with Meta and Google... More>>

Heartland: Retirees Facing Pressure From Higher Cost Of Living And Increasing Debt In Retirement

Heartland has seen a significant increase in Reverse Mortgages being used to repay debt. Among the most affected by the increasing living costs are retirees, many of whom are trying to get by on NZ Super alone... More>>