Meet
Trust Management
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.
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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.
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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.
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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.
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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.
Our Story
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
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General Manager - Investments
Matthew Goldsack
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 - Compliance and Risk
Jen Grayson
Jen is a senior compliance professional with a strong background in financial services regulation, operational compliance, and risk management. She spent a significant portion of her career working in London for several leading investment banks. She returned to New Zealand in 2018 and worked for a specialist private wealth advisory group and recently managed the compliance obligations for a newly established private credit fund manager. She is passionate about improving the financial well-being of women.
General Manager - Client Services
Renee Tourell
Renee is an experienced and innovative leader with a track record in shaping and implementing strategies for organisations to achieve commercial success and ensure sustainable growth. She has held various pivotal roles across financial technology, professional services and fund administration with a focus on operational excellence, client success and leading high performing teams. Renee is driven by bringing the best out of people and working in partnership with clients to ensure their success, all underpinned by a strong belief in the freedom that operational excellence brings.
Our Board of Directors
Deputy Chair
Andrew Evans
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.
Board Director
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.
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Board Director
Chair - Audit and Risk Committee
Susan Huria
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.
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Board Director
David McClatchy
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.
Chair
Anne Blackburn
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.
Anne is keenly interested in optimising the use of capital – both human and financial – in bettering NZ communities.