We provide our clients with quality information to enable principled decision making.
At our core, Trust Management helps Trustees manage their charities to further their charitable purpose.
We are a team of corporate professionals who have a shared vision to make a difference to our community by furthering the work of the charitable sector.
Rachael McDonald is Trust Management’s Chief Executive, responsible for our client service, our people and the strategic direction of our business. She is passionate about working for a purpose and social impact and focuses on achieving excellent client outcomes.
A seasoned leader, Rachael enjoys empowering people and clients to reach their goals. She is pragmatic and loves working through challenges, connecting the dots and helping. With nearly 25 years in law and financial services, Rachael has worked in preeminent businesses in Aotearoa, New Zealand, the Caribbean and England, serving international clients including financial institutions, private equity houses, asset and fund managers, multi-national corporates, and family offices, to name a few.
Chief Executive Officer
What We Value
Being purpose led and consistent with the values of our business and those of our client base, ESG and Ethical Investing are front and centre in our investment settings and have been since our inception.
Clients achieving their charitable purpose
We exist to ensure our clients achieve their charitable ambitions. When we do our jobs well our clients advance their charitable impact and the world becomes a better place.
Beyond functional, the benefit of breadth
Our advice and services go beyond simply offering quality products. Our broad range of advisory services and professional staff exist to serve our client’s purpose in all aspects of their operations, consistent with our fiduciary duty.
Maximising social impact through long term relationships
We’re driven by making a social impact – not fees. Our ownership structure provides a clear mandate to assist charities. Accordingly, our fees are fair and reasonable, calibrated for long term relationships.
Never too big for a quick, personal response
We’re a modestly sized organisation – just 30 employees – large enough to employ top calibre staff and support them with enterprise-grade technology and systems. But not too large to lose sight of client objectives and long lasting relationships.
We were founded on a vision of attracting top talent from the commercial world to work for a purpose led financial services company that serves the charitable, not-for-profit, and community trust sectors.
We offer a range of professional services that include investment management and advisory, property asset management, governance, and accountancy advice to over 180 entities across Aotearoa New Zealand. All profits generated by the company are distributed to charity and community outreach.
Operating for 20-plus years and now managing over $2.3b of assets on behalf of clients and investors, which include community foundations, iwi, medical research trusts, hospices, education trusts, university foundations, and other charities associated with religious denominations, including Anglican, Catholic and Presbyterian Churches.
Assets under management include a range of PIE investment funds. Being purpose led and consistent with the values of our business and those of our client base, ESG and Ethical Investing are front and centre in our investment settings and have been since our inception.
Our Leadership Team
Chief Financial Officer
Formerly a partner in one of the “Big 4” CA firms, Sarah made the change to industry and CFO roles in 2015, to fulfil her desire to impact continuous improvement at the coal face of organisations.
General Manager - Investments
With over 20 years experience in institutional and retail funds management, Matthew has built a successful career helping organisations and individuals to achieve their long term financial goals.
General Manager - Property
Boasting more than 20 years of senior leadership experience in the property industry for both renowned and growing clients, Patrick is a respected commercial manager known for delivering outstanding results.
Our Board of Directors
Andrew Evans has over 30 years of experience in commercial real estate and asset management, previously holding executive positions in listed and unlisted real estate investment businesses.
Andrew is chairperson of Infinity Investment Group Limited, Mackersy Property Limited and Accessible Properties NZ Limited and has previously sat as an independent director on the boards of Argosy Property Limited and Vital Healthcare Property Trust.
He is a chartered fellow of the Institute of Directors and was on the Auckland Branch Committee for 8 years.
Bishop Ross Bay
Ross Bay is the Anglican Bishop of Auckland. Ross sits on a number of governance boards associated with the Auckland Anglican Diocese and wider Church. His governance roles include Chairman of the Diocesan Council, Chairman of Trustees of King’s College, Trustee of the General Trust Board, and President of the Selwyn Foundation.
Board Director and
Chair - People and Culture Committee
Anne brings extensive governance experience to our Board with current and past appointments including the Government Superannuation Fund Authority (Chair), TSB Bank, Fisher Funds, Resolution Life (Chair), Ponga Silva Ltd and Otway Silva Pty (Munich Re subs), Commercial Operations Advisory Board for The Treasury, Panuka Development, Unitec, Auckland Council Property, Forsyth Barr, Television NZ, Meridian Energy, Ag Research, and more.
Ngāi Tahu, Ngāi Tuahuriri
Ko Maungatere te maunga, ko Rakahuri te awa, ko Hohepa Huria te tupuna, ko Ngāi Tahu tōku iwi, ko Ngāi Tuahuriri te hapū, ko Maahanui tuarua te marae, ko Huhana Huria ahau.
Susan sits on a number of Boards, bringing a wealth of experience. She is also a Chartered Fellow of the Institute of Director and the Community Governance Te Ao Māori advisory group. She has worked alongside many Iwi, Māori incorporations and trusts over the past decade on a diverse range of matters including governance, board reviews and remuneration.
David returned home to NZ in 2019 following a successful career leading Insurance Australia Group’s asset management operations. Previously he was CEO and Chair of ING Investment Management Australia (now ANZ Funds Management). David was attracted to Trust Management’s clear purpose and its role in assisting significant charities achieve their societal objectives.