Andrew Barnes sells Guardian Trust and Covenant to Hong Kong's Tricor

Andrew Barnes' Complectus has sold NZGT Holdings. (Image: Supplied)

Mon, 12 Jul 2021

Andrew Barnes' Complectus has sold NZGT Holdings, which owns New Zealand Guardian Trust Company and Covenant Trustee Services, to Hong Kong-based Tricor Group for an undisclosed sum.The two trustee subsidiaries offer corporate supervision, effectively being first-line regulators, to a number of managed investment schemes, corporate debt issuers and retirement village operators with more than $250 million in funds under supervision.The sale is subject to regulatory approvals.The statement announcing the sale said it will be a positive move f...

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