9th February 2011

The Family Court of New Zealand yesterday appointed New Zealand Guardian Trust Limited property manager of the personal property of Malcolm James Lorenzo Baker after an application to continue the current arrangements for another three years. The property manager is the manager of teh Tauranga office, Mr Craig Roebuck.

Suncorp Life NZ Announces Sale of Guardian Trust in Order to Focus on Life Risk Market

December 2010

Australian-based Suncorp Group announced that it has today entered into a conditional agreement to sell Guardian Trust to leading Australian independent trustee The Trust Company for NZ$42 million, as part of a focused strategy by Suncorp Life to grow its core life and income protection business in New Zealand.

Guardian Trust is currently part of the New Zealand-based arm of Suncorp Life, which also manages specialist life businesses Asteron and AA Life.

The Trust Company Chief Executive Officer John Atkin said that Guardian Trust’s brand and existing resourcing levels will be maintained, with further investment for future growth in the coming years. “We are delighted to have reached agreement with the Suncorp Group to acquire Guardian Trust, which is widely regarded as the pre-eminent trustee company in New Zealand. The strong alignment between our respective trustee business models, our similar dedication to client service, our market positions as leading trustees and advocates for our industry and our common heritage makes Guardian Trust an ideal fit”.

John Botica, Managing Director of Guardian Trust, said the purchase was “extremely good news for all parties. This is an exciting opportunity for Guardian Trust and our customers, and one that we have achieved by working closely together with Suncorp Life and The Trust Company”. Mr Botica will continue as Managing Director of Guardian Trust.

The conditional sale and purchase agreement was signed today, with the sale process scheduled for completion in the first quarter of the 2011 calendar year.

John Atkin - Chief Executive Officer

John Atkin joined The Trust Company in January 2009 from Blake Dawson where he was Managing Partner for six years.

Vicki Allen - Chief Operating Officer

Vicki Allen joined The Trust Company in January 2007 and holds a Bachelor of Business, University of Technology, Sydney; MBA, University of Melbourne; and a Diploma of Financial Planning.  Vicki is currently a director of The Trust Company Superannuation Services Limited, and Chairperson of Bridge housing Limited. Prior to joining Trust, Ms Allen worked at Lend Lease Corporation and MLC in a number of senior roles.

David Grbin - Chief Financial Officer

David Grbin joined The Trust Company as a consultant in February 2008 before being appointed Executive General Manager for Finance, Legal, Risk and IT in July 2008.

David is The Trust Company's Chief Financial Officer and is also responsible for leading strategy and operations for the Legal, Risk and IT areas of the business.

Sally Ascroft - Group General Counsel and Company Secretary

Sally Ascroft joined The Trust Company in 2009 as Group General Counsel and Company Secretary. She oversees and coordinates all legal issues and resources throughout The Trust Company and ensures that company secretarial obligations are met.  With her background in asset finance, Sally is leading business expansion into new asset categories for The Trust Company, such as aviation.



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