Former Cullen MD takes stake in St Laurence

Thursday 20th January 2005

St Laurence investment and finance group has appointed Philip Newland as executive director.

Newland will be taking a stake in the group and will work alongside St Laurence�s managing director, Kevin Podmore.

In this newly established role Newland will hold directorships in all key St Laurence operating companies and will be based in Auckland to establish a stronger presence for the Wellington based group in that city.

The Auckland office will accommodate the groups� Auckland lending and investment based activity, and the company�s recently formed private equity fund, St Laurence Private.

�We are delighted to have secured someone of Phil�s calibre and reputation for this role. With his background and experience, and in light of the significant growth the group has experienced in recent times in New Zealand and Australia, Phil will be a tremendous resource for the group,� Podmore said.

Newland was group managing director of Cullen Investments and is currently a director of listed Abano Healthcare.

A former corporate/commercial lawyer with a leading New Zealand law firm, he has a broad experienced in the finance, investment and property sectors in both the USA and New Zealand. Newland, who will take up his new role in February.

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