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CEO Bessemer to leave Trustees Executors

Trustees Executors says its chief executive, Ryan Bessemer, has resigned after five-and-a-half years at the helm and will leave in November.

Friday, August 25th 2023, 2:44PM 1 Comment

“Since joining Trustees Executors in 12018, Ryan has focused the company's operations to keep pace with the evolving regulatory and technology requirements,” says chair Rob Russell.

The company has enhanced its market position, technology and customer service under Bessemer's leadership, Russell says.

“Trustees Executors has improved its position as a respected brand supporting New Zealand's funds and wealth management sector.”

The most controversial client Trustees Executors has acted as supervisor for during Bessemer's tenure was Vital Healthcare Property Trust at at time when its manager, Canada-based NorthWest Healthcare Properties Real Estate Investment Trust, several times tried to chart a course Vital's investors didn't want.

NorthWest agreed to a change in Vital's fee structure among other measures Vital's investors pushed for.

Bessemer says it “has been a privilege to have led Trustees Executors, which is one of NZ's most enduring and capable brands. We have forged strong partnerships with out clients and I think them for their trust and support.”

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Comments from our readers

On 25 August 2023 at 4:31 pm Pragmatic said:
I wonder what Ryan’s departure from TE will mean for their involvement in the Flint platform?

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