ABOUT US

“Quayside is unique in a New Zealand context, positioned to both support growth in the Bay of Plenty through investment, as well as benefit local communities through its relationship and distributions to its regional shareholder.”

– SCOTT HAMILTON, QUAYSIDE CHIEF EXECUTIVE

WHAT IS
QUAYSIDE?

Quayside Holdings is the investment arm of Bay of Plenty Regional Council. Via a subsidiary, it is the majority holder of shares in the Port of Tauranga and is also an issuer of debt securities on the New Zealand Exchange.

Quayside’s initial purpose was to acquire and manage the commercial investment of the Bay of Plenty Regional Council, primarily its shareholding in the Port of Tauranga. Interests in property, shares and private equities have since been added to the portfolio. Quayside continues to seek new regional opportunities for investment with which to diversify its income base.

HOW DO
WE INVEST?

Quayside’s objective is to effectively and efficiently manage investment assets for a commercial return, providing sustainable growth and income to regional stakeholders. It takes a responsible, commercially focused and collaborative approach to investment, with its structure supporting the agility required to take advantage of new opportunities. Since 2002, Quayside has also had a focus on identifying and investing in strategic projects that support economic and social development aspirations for the benefit of Bay of Plenty communities.

With a long-term strategy that enables it to retain a portion of its profits to invest each year, Quayside is able to enhance regional development and provide a level of diversification that future proofs investment returns. For case studies on some of the investments Quayside has been involved in, visit the ‘how we invest’ section.

HOW DO WE MAKE
A DIFFERENCE?

In addition to growing the asset base, Quayside has provided distributions and capital worth over $500 million for the benefit of Bay of Plenty Regional Council and regional stakeholders since its inception.

In 2008, $200 million was raised through issuing Perpetual Preference Shares to retail investors. In essence, Bay of Plenty Regional Council leveraged its position in Quayside, with Quayside continuing to support their shareholders through dividend payments.

The share issue resulted in a significant contribution by Bay of Plenty Regional Council towards four key infrastructure projects across the region valued at $42.5 million.

Check out our video for more information

WHO ARE WE?

BOARD

Sir Robert McLeod
Independent Director and Chair
Sir Robert McLeod
Independent Director and Chair

Rob was appointed to the board in November 2016 and became chair in November 2017. He is also an ex-officio member of the Audit and Risk and the People, Culture and Safety committees. Rob is a tax lawyer and chartered accountant, and the former CEO and chair of Ernst & Young in both Australia and New Zealand. Rob is Ngati Porou. Currently Chair of Sanford Limited and a director of the Port of Tauranga Limited, he has also been a director of ANZ National Bank, Sky City Entertainment Group and Telecom. Rob was honoured as a Knight Companion of the New Zealand Order of Merit for services to business and Maori on 31 December 2018.

Stuart Crosby
Director
Stuart Crosby
Director

Stuart was appointed to the board in November 2018 and is a member of the Audit and Risk Committee. He is an elected member of Bay of Plenty Regional Council and a member of their Risk and Assurance Committee, Operations and Monitoring Committee, SmartGrowth Leadership Group and Deputy Chair of the Policy and Strategy Committee. Stuart has held a number of governance roles both in the private and public sector and was Mayor of Tauranga from 2004 until 2016. He is President of Local Government New Zealand and is a trustee of Summerhill Charitable Trust. Stuart was made an Officer of the New Zealand Order of Merit in 2017.

Brett Hewlett
Independent Director
Brett Hewlett
Independent Director

Brett was appointed to the board in November 2017 and is a member of the Audit and Risk Committee. He is also an independent director and chair of Bluelab Corporation and chair of economic development organisation Priority One. Brett is the former Chief Executive Officer of Comvita, where he is now a director. Prior to this he held several senior roles with global packaging firm, Tetra Pak.

Keiran Horne
Independent Director
Keiran Horne
Independent Director

Keiran was appointed to the board in 2019 and is chair of the Audit and Risk Committee. She is a full-time professional director with a background in accountancy, business rescue and insolvency across both the public and private sectors. Keiran is currently on the board of the New Zealand Lotteries Commission and University of Canterbury, as well as a range of SMEs in the health sector. She also provides independent audit and risk governance expertise to various councils. Keiran is a chartered accountant and a chartered member of the Institute of Directors.

Fiona McTavish
Director
Fiona McTavish
Director

Fiona was appointed to the board in June 2018. Fiona was the General Manager of Strategy and Science at the Bay of Plenty Regional Council for over six years before being appointed as the Chief Executive in June 2018. Fiona is a director of BOPLASS and Executive Board Member of Priority One. Fiona is also the Chair of Otumoetai Intermediate School board and a trustee at Tauranga Girl’s College.

Dr Warren Parker
Independent Director
Dr Warren Parker
Independent Director

Warren was appointed to the board in 2015 and is chair of the People, Culture and Safety Committee. He is the former CEO of Crown Research Institutes Scion and Landcare Research and is currently chair of Landcorp Farming Ltd (Pamu) and director of Farmlands Cooperative Trading Society, Predator Free 2050 Ltd and Focus Genetics. Warren chairs the Forestry Ministerial Advisory Group and the Advisory Board for Griffith Enterprises (the commercialisation arm of Griffith University) and is a member of the board of Genomics Aotearoa.

Te Taru White
Director
Te Taru White
Director

Te Taru was appointed to the Board in March 2021. He is an elected member of Bay of Plenty Regional Council and a member of their Risk and Assurance Committee and Komiti Maori. Te Taru has held a number of governance roles in both the private and public sector and has been a Trustee and Chairman of numerous Land Trusts and Incorporations within the Te Arawa Confederation of tribes. He was a past Board member of the National Federation of Maori Authorities, is currently the Deputy Chairman of the Te Arawa Federation of Maori Authorities, the Chairman of Te Tatau o Te Arawa partnership with Rotorua Lakes Council and is a Board member of the Maori Trade Taumata. He has a wide range of experience from scientific and applied research to indigenous socio-economic development nationally and internationally including cultural leadership of the National Museum of New Zealand, Te Papa Tongarewa, and Chief Executive of the New Zealand Maori, Arts and Crafts Institute, Te Puia.

“The opportunity for our team members to apply their skills, not only towards Quayside’s commercial objectives, but also towards the Bay of Plenty’s economic, environmental and social development drives many of our people.”

– SCOTT HAMILTON, QUAYSIDE CHIEF EXECUTIVE

TEAM

Scott Hamilton
Chief Executive
Scott Hamilton
Chief Executive

Scott joined Quayside as Chief Executive in 2010 and has led Quayside’s growth and diversification programme. He joined Quayside having held senior roles in investment, finance, and funds management with organisations like ASB Group Investments and Barclays Global Investors. Scott is a director on the Opotiki Packing and Cool Storage, WNT Ventures, and Huakiwi Services boards. Scott is a Chartered Accountant and member of the Institute of Directors. He is also Chair of Pillans Point Primary School board.

Matt Glenn
Chief Operating Officer
Matt Glenn
Chief Operating Officer

Matt joined the Quayside team in January 2021 as the Chief Operating Officer. Matt brings his extensive Executive experience as well as strategic and business planning, new product/service development, innovation, business transformation and portfolio/project management. Matt moved to New Zealand in 1995 for a Post-Doctoral role at Genesis Research & Development Corporation, becoming the Head of Genomics. He was part of the 2001 team that led the IPO on the NZX and ASX. Since then Matt has worked with Fonterra and Ballance, as well as in consultancy. Matt was the CEO at Hill Laboratories, and before joining Quayside, spent two and a half years as CEO of Robotics Plus.

Brendon Barnes
Chief Investment Officer
Brendon Barnes
Chief Investment Officer

Brendon joined Quayside in 2015. As Chief Investment Officer, he is responsible for the overall investment strategy and deal execution for Quayside. Brendon comes from an investment banking background, having spent 11 years working overseas with the Macquarie Group and the Abu Dhabi Investment Authority focusing on investments in the infrastructure sector. Prior to this he spent 10 years in structured finance, funds management and taxation consulting. Brendon is an independent director on the board of Honeylab, a research company that develops natural medical products from bees and their environment, and Techion Holdings, a diagnostics company. He holds a BCA in accounting and commercial law and a Graduate Diploma in professional accounting and is a member of the Institute of Directors.

Mel Manley
Mel Manley
Corporate Services Manager
Mel Manley
Corporate Services Manager

Mel joined the Quayside team in March 2021 as Corporate Services Manager in a part-time capacity, while continuing with her own HR consultancy business. Mel recently relocated back from Australia, bringing a wide range of knowledge and specialist skills at an executive-level across multiple industries. Among some of Mel’s achievements was a Project Lead for a new brand across Australasia, managing an entire safety culture rebuild at Government-level, and input into Federal IR matters for the transport industry.

Sam Newbury
Investment Manager
Sam Newbury
Investment Manager

Sam started working at Quayside in early 2018 when he moved to Tauranga from Perth, Australia. He is responsible for supporting Quayside’s investment decision making, including investment performance, project management, deal structure, providing strategic and operational advice, and supporting the governance function of investee businesses. Sam has previously held roles in the following areas; an in-house lawyer, foreign exchange and capital markets advisory, business development and regional development. He has studied both law and commerce, holding a Juris Doctor and a Bachelor of Commerce specialising in international business, commercial contracts, construction and dispute resolution. Sam is an admitted barrister and solicitor of the NSW supreme court.

Suzanne Casey
Legal and Risk Manager
Suzanne Casey
Legal and Risk Manager

Suzanne started working at Quayside in early 2019. Her key areas of focus include risk assessment and management, legal compliance and providing legal counsel in the areas of drafting documents, negotiation and general advice. A qualified lawyer, Suzanne previously worked in private practice specialising in building/construction litigation and insurance litigation. She also worked in the insurance industry for six years negotiating the settlement of Canterbury earthquake claims for commercial buildings, residential dwellings and business interruption claims. This included working with QCs on a number of cases which have created legal precedent for resolving insurance disputes.

Mike Horsley
Project Manager – Property
Mike Horsley
Project Manager – Property

Mike works as a consultant in the areas of property management and property projects, assisted by key members of the Quayside team. He also recruits and manages consultant project managers for specialist roles. After graduating with a Bachelor of Civil Engineering degree majoring in structural design, Mike worked for Tauranga City Council, where he was involved in infrastructure design and building consent processing. He also has extensive experience in the private sector as a consulting engineer, including project managing large residential and industrial developments in Tauranga and Wellington. In 2005 Mike led the consultant team that established the Rangiuru Business Park for Quayside. He joined Quayside in 2017 in a consulting role to support the implementation phases of this development.

Mark Hatchman
Senior Project Manager – Property
Mark Hatchman
Senior Project Manager – Property

Mark started working at Quayside in late 2020 in the capacity of Project Manager – Property. He brings a wealth of experience to the team having worked in project management and engineering roles both abroad and in New Zealand. In these roles he has managed large teams to deliver successful projects and outcomes. Mark’s expertise lies in delivering complex civil and development projects from conception to completion. Mark holds a Bachelor of Civil Engineering with a Masters in Project Management.

Rachel Hoffman
Compliance and Governance Administrator
Section
Rachel Hoffman
Compliance and Governance Administrator

Rachel joined the Quayside team in 2020, relocating from Rotorua to Tauranga. Rachel’s role as Compliance and Governance Administrator supports the Legal and Risk function in fulfilling the Quayside Group’s audit and compliance obligations. She also provides high-level secretarial support to the Quayside Group governing Board of Directors. Rachel has experience working with governance entities, having previously worked as the Board Secretary in an accounting firm in Rotorua, providing secretarial and administrative support to Māori governance boards, and more recently as the Business Coordinator for an iwi investment entity.

Danielle Coughlan
Financial Accountant
Danielle Coughlan
Financial Accountant

Danielle started working for Quayside in 2018. In her role as Financial Accountant she is responsible for managing cashflow, daily accounting functions, developing accounting efficiencies, prudent cost management, fulfilling tax and legislative obligations and reporting, and interim and annual reporting. She also supports the Quayside risk management and internal audit function. Prior to joining Quayside, Danielle was a management accountant at Bay of Plenty Regional Council and a finance and administration manager at Downer. Danielle has a Bachelor of Management Studies degree majoring in accounting.

Jess van der Vlugt
Personal Assistant to Chief Executive
Jess van der Vlugt
Personal Assistant to Chief Executive

Jess joined the Quayside Holdings team in October 2020 as Personal Assistant to the Chief Executive. Jess is responsible for ensuring the Chief Executive is well-supported in an administrative capacity through efficient diary management, document preparation and general day to day tasks. Jess also provides administration support to the wider senior leadership team and manages the Quayside office.
After 14 years in the banking industry working as a personal banker and in the merchant services sector, Jess made the decision to shift into a personal assistant-based role to better utilise her organisational and time management skills. Prior to joining Quayside Jess was based in Wellington working for Waka Kotahi (NZTA) as a Personal Assistant to two team managers, providing her with the skills and experience to seamlessly transition into her role at Quayside.

WHAT IS OUR
HISTORY?

Bay of Plenty Regional Council (‘BOPRC’), Quayside Holdings Ltd (‘QHL’), Quayside Properties Ltd (QPL), Port of Tauranga (‘POT’), Bay of Plenty (‘BOP’), Perpetual Preference Shares (‘PPS’), Opotiki Pack & Cool (‘OPAC’)

1989
  • BOPRC established, receives 77% shares in POT from disestablished BOP Harbour Board
1991
  • QHL established as commercial investment arm of BOPRC
  • QHL borrows $53,000,000 to acquire POTL shares from BOPRC
1992
  • POT lists on NZX, QHL shareholding reduces to 55%
1997
  • QHL achieves 1st year as a viable entity in its own right
1998
  • QHL pays first dividend to BOPRC of $1,290,000
1999
  • 1st diversification opportunity for QHL when POT provides unimputed special dividend of $8,400,000
2001
  • QHL net assets pass through $250,000,000
2003
  • QHL establishes QPL to enable diversification into property
2005
  • QPL purchases 162ha of land at Rangiuru for business park
2008
  • Consent gained by QPL for development of Rangiuru business park
  • QHL raises $200,000,000 through issue of PPS to retail investors, tradable on NZX. Proceeds held by BOPRC for infrastructure projects
2010
  • QHL appoints first full time Chief Executive
2011
  • QHL net assets pass through $500,000,000
2012
  • Strike at Ports of Auckland increases container volumes via POT resulting in 40% increase in dividends
  • New QHL policy of holding surplus profits for new opportunities
  • NZ Productivity Commission attributes part of POT’s success as top performing NZ port to the QHL/BOPRC structure
2013
  • QHL net assets pass through $1,000,000,000
2014
  • QHL establishes QHL Investment Trust, a wholly owned portfolio investment equity trust
  • QHL founding shareholder in Tauranga tech incubator, WNT Ventures
2015
  • POT enters Kotahi JV with Fonterra and Silver Fern Farms, QHL shareholding reduces to 54.14%
  • QHL & Te Tumu Paeroa (the Maori Trustee) invest into OPAC, the largest seasonal employer in Opotiki
  • BOPRC formalises QHL strategy to retain 20% of cash profit, fostering further economic and regional development
2016
  • QHL underwrites the concept of a BOP-based mid-tier private equity firm and becomes cornerstone investor in Oriens Capital
  • QPL purchases 53 Spring St, Tauranga and develops a regional investment hub (The Vault) with aligned organisations/businesses as tenants
2017
  • Huakiwi Services Ltd founded, a JV between QHL and Te Tumu Paeroa
  • Huakiwi invests in new kiwifruit orchards in BOP on Maori freehold land
2018
  • QHL net assets pass through $2,000,000,000
  • QHL creates JV Tauranga Commercial Development Limited, acquiring commercial site in Tauranga for future development
2019
  • QHL creates JV Lakes Commercial Development Limited, acquiring commercial site in Rotorua for future development of BOPRC office
2020
  • QHL net assets pass through $3,000,000,000
  • Provincial Growth Fund funding received to advance the Rangiuru Business Park.
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