Central Lakes Trust (CLT) appoint new investment committee member, Simon Flood, effective 1 January 2022.
Mr Flood’s appointment replaces the late Sir Eion Edgar who retired earlier in the year after 15 years involvement with the Trust and six years chairing the committee.
Mr Simon Flood
CLT chair, Linda Robertson welcomed Mr Flood to the committee, acknowledging Sir Eion’s contribution to the Trust.
“Eion made a significant contribution to the Trust. An elected board member between 2004 – 2013, chair between 2010 – 2013 and Investment Committee chair till his retirement in May this year, his sound financial advice over the years saw the Trust diversify its portfolio of investment, and benefit significantly from his expertise.
Trustees are responsible for managing funds of more than $450 million and granting funds for charitable purpose within the Central Lakes region. The Trust increasingly requires appropriate expertise for decision making regarding investments as over time, the diversification, scale and complexity of the Trust's investment portfolio has intensified.
“We welcome Simon, he comes to the committee with an impressive resume, we look forward to the contribution he will undoubtably make over the next two years.”
Queenstown based, Simon is an experienced business leader, with more than 25 years’ experience in the global investment management industry having held a variety of senior leadership roles in London, Hong Kong and Singapore.
He currently serves on the Board of the Queenstown Airport Corporation where he is Deputy Chair concurrent with his role as Chairman of the Safety & Operational Risk Committee. Simon has also served as QAC’s Managing Director.
He is a trustee of the University of Canterbury Foundation and a member of the University of Canterbury Foundation Finance Committee, as well as a Trustee for the Lakes District Hospital Foundation in Queenstown.
Simon and his wife Ei-Mynn live with their two children in Queenstown after moving back to New Zealand from overseas in 2015. Simon’s connection with the district dates back to his childhood when he was a frequent visitor; he has owned property here since the late 90’s.
Specialist board recruitment company, Stimulus Consulting of Wanaka, handled the recruitment process which saw a several high calibre people expressions of interest for the position.