A wealth management
business, focussed
on investments

Pyne Gould Corporation (PGC) is a Guernsey-domiciled,
TISE-listed company.  

  • Entities within the Group variously offer financial and asset management services, engage in real estate development and construction and invest in financial and real estate assets. 
      

    • Where We Started

      Originating as a stock and station business in New Zealand in the 1850s and later a comprehensive provider of wealth management, trustee and financial services, PGC and its subsidiaries are, today, a wealth management business focussed predominantly on investments in Australia, New Zealand and the United Kingdom. 

    • Significant Change

      Facing significant challenges in 2009 and following the successful completion of a major capital raising, PGC split into two businesses, creating the Heartland Bank as a separate business, and retaining the residual distressed assets inside PGC. Heartland, an in-specie distributed to shareholders, has grown into a successful business; PGC continues its focus on building a long-term sustainable business from distressed assets. 

    • The Torchlight Business

      PGC subsidiary, Torchlight Group manages and co-invests in proprietary funds focussed on non-traditional investment opportunities; its largest investment is in RCL Real Estate Holdings (RCL), a residential land developer and home builder with a series of residential land development projects in Australia (VIC, NSW and QLD) and New Zealand (Queenstown).

      In the United Kingdom, the company’s residential real estate investment is a majority shareholding in listed KCR Residential REIT Plc which operates in the private rented residential market in London and surrounds. KCR also owns and operates a portfolio of retirement living accommodation. 

  • Parallax Mountains

  • Board of Directors

    • George Kerr

      Managing Director

      George Kerr is an investor with a successful record in Australasia and the United Kingdom spanning more than 30 years.

      George was appointed to the Board of PGC in August 2008 and has been the Group's Managing Director since April 2012. He is also Chair of PGC's Torchlight Group.

    • Russell Naylor

      Director

      Russell Naylor has an extensive background in banking and finance and is the principal of Naylor Partners, a boutique Sydney-based corporate advisory business. Russell is an Executive Director and Investment Committee Member of Torchlight and is a resident of Australia.

      Russell was appointed to the PGC Board on 14 February 2012 and is a member of the Audit and Risk Committee.

    • Noel Kirkwood

      Director

      Noel Kirkwood was appointed to the Board in August 2014.

      A New Zealand resident with 30 years experience in banking and finance, he has held senior credit and lending roles covering rural, business and property transactions and has extensive experience in the work out of distressed property assets.

      He holds B.Agr.Com (Economics) from Lincoln University.

    • Michelle Smith

      Independent Director

      Michelle Smith is a Chartered Accountant with over 30 years' experience in Investment Banking and Asset Management in Europe.

      Michelle was COO and founding partner of Affirmative Investment Management Partners Limited, a boutique fixed income impact investment management company, based in London.

      She trained as a chartered accountant with Ernst & Young, London and worked with Goldman Sachs in London for over 12 years. he has expertise in operational risk, compliance and regulatory risk, processes and controls across complex product lines in a highly control conscious and regulated environment.

      Michelle has served as a non-executive director on several boards since 2007, ranging from Fund Management and Insurance to Retail Banking, Mining and Biofuels.

      Michelle was appointed to the PGC Board on 4 November 2014 and is the Chair of the Audit and Risk Committee.

       

       

    • Paul Dudley

      Independent Director

      Paul Dudley was appointed to the Board in May 2016.

      A Fellow of the Institute of Chartered Accountants of England and Wales, Paul is a Member of the UK's Chartered Institute of Securities and Investment. Paul is Managing Partner of Aer Ventures, a corporate advisory business he co-founded in 2011 that is Authorised and Regulated by the UK's Financial Conduct Authority.  

      Paul graduated from Durham University and began his career at PricewaterhouseCoopers.