Key departure from The Trust Company after acquisition
The Trust Company’s chief operating officer Vicki Allen (pictured) has announced her resignation in the wake of the firm’s acquisition of The New Zealand Guardian Trust.
Allen will remain in her position until 18 March to support a transition of responsibilities. Further details of a management restructure will be announced in early March following the completion of the acquisition, The Trust Company said in a statement to the Australian Securities Exchange.
“My fellow directors and I understand Vicki’s decision with regret, and wish her well. We thank Vicki for her contribution to The Trust Company over the past four years,” said Trust chief executive John Atkin.
Allen said the move was a personal decision, and added that the company was on the cusp of a new growth phase with the recently announced acquisition.
“I am proud of my achievements with The Trust Company and wish the company every success,” she said.
The acquisition remains conditional on satisfactory completion of confirmatory due diligence and approval from the Overseas Investment Office of New Zealand.
AUTHOR
Chris Kennedy
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