In this section
Trustees for the finance industry
This is a list of the Trustees who represent investors interests via trust deeds with finance companies in New Zealand. The details of failed clients comes directly from our Deep Freeze list. There is also a companion list tracking the fees earned by receivers and lawyers as they clean up the finance industry failures.
If you have more up-to-date information, or corrections to the entries on this page, please email us at news@interest.co.nz
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Trustee
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Current clients |
Deposits
NZ$ mil
approx.
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Failed clients |
Date |
Deposits
at risk NZ$ mil |
Number of deposits
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| Asset Finance | 18.6 | ||||||||
| Avanti Finance | 19.2 | ||||||||
| Business Finance | 21.0 | ||||||||
| Finance Direct | 5.6 | ||||||||
| Geneva Finance | 10.0 | ||||||||
| Savings & Loans | 4.0 | ||||||||
| ====== | |||||||||
| Totals | $ 78.4 | ||||||||
| Belgrave Finance | May-08 | 20.5 | 1,000 | ||||||
| Beneficial Finance | Oct-07 | 13.2 | 499 | ||||||
| Bridgecorp | Jul-07 | 458.7 | 18,000 | ||||||
| Bridgecorp Inv | Jul-07 | 29.0 | 1,334 | ||||||
| Chancery Finance | Aug-07 | 17.5 | 1,374 | ||||||
| Clegg & Co | Oct-07 | 15.1 | 496 | ||||||
| Five Star Cons Fin | Aug-07 | 54.0 | 2,130 | ||||||
| Geneva Finance | Oct-07 | 51.0 | 3,292 | ||||||
| IMP diversified | Jun-08 | 15.8 | 1,015 | ||||||
| Mutual Finance | Jul-10 | 9.3 | 340 | ||||||
| National Finance | May-06 | 25.5 | 2,026 | ||||||
| North South Finance | Jun-08 | 100.0 | 6,925 | ||||||
| Orange Finance | Dec-08 | 23.2 | 2,500 | ||||||
| Property Finance Sec | Aug-07 | 80.0 | 3,000 | ||||||
| Rockforte Finance | May-10 | 3.2 | 70 | ||||||
| Western Bay Finance | Jul-06 | 48.0 | 2,500 | ||||||
| ======== | ========= | ||||||||
| Totals | $ 964.0 | 46,501 | |||||||
| Guardian Trust | |||||||||
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Fisher & Paykel Finance | 340.0 |
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| Marac | 825.0 |
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| ====== | |||||||||
| Totals | $ 1,165.0 | ||||||||
| Allied Nationwide Fin | Aug-10 | 130.0 | 4,500 | ||||||
| AMP NZ Ppty Fund | Aug-08 | 419.0 | 2,900 | ||||||
| AXA 3x Mtg Funds | Oct-08 | 225.0 | 5,000 | ||||||
| Compass Capital | Aug-08 | 15.0 | 800 | ||||||
| Hanover Finance | Jul-08 | 465.0 | 13,000 | ||||||
| ING funds x2 | Mar-08 | 520.0 | 8,000 | ||||||
| ======== | ======== | ||||||||
| Totals | $ 1,774.0 | 34,200 | |||||||
| Permanent Trustee | |||||||||
| PGG Wrightson Fin | $ 375.0 | ||||||||
| AXA Mtg bonds | Aug-08 | $ 117.0 | 90 | ||||||
| Perpetual Trust | |||||||||
| FE Investments | 8.8 | ||||||||
| General Finance | 1.0 | ||||||||
| Gold Band Finance | 14.0 | ||||||||
| NZF | 61.6 | ||||||||
| ====== | |||||||||
| Totals | $ 85.4 | ||||||||
| Boston Finance | Mar-08 | 24.0 | 1,300 | ||||||
| C+M Investment | Nov-07 | 1.5 | 60 | ||||||
| Capital+Merchant | Nov-07 | 167.0 | 7,500 | ||||||
| Cymbis/Fairview | May-08 | 6.9 | 797 | ||||||
| Dominion Finance | Jun-08 | 232.0 | 5,939 | ||||||
| Dorchester | Jun-08 | 176.0 | 7,800 | ||||||
| Fisrt Step Trusts | Nov-06 | 457.0 | 7,000 | ||||||
| Hanover Capital | Jul-08 | 24.0 | 1,100 | ||||||
| Kiwi Finance | Apr-08 | 1.7 | 42 | ||||||
| LDC Finance | Sep-07 | 22.0 | 1,198 | ||||||
| Lombard Finance | Apr-08 | 111.0 | 3,900 | ||||||
| Mascot Finance | Mar-09 | 69.0 | 2,511 | ||||||
| MFS Pacific (OPI) | Mar-08 | 335.0 | 12,000 | ||||||
| Nathans Finance | Aug-07 | 174.0 | 7,082 | ||||||
| Numeria Finance | Dec-07 | 6.7 | 480 | ||||||
| Provincial Finance | Jun-06 | 296.0 | 14,000 | ||||||
| St Laurence | Jun-08 | 253.0 | 9,000 | ||||||
| Strata Finance | Apr-09 | 0.5 | 21 | ||||||
| Strategic Finance | Aug-08 | 391.0 | 14,020 | ||||||
| Structured Finance | May-09 | 33.0 | 172 | ||||||
| Totara Mtg Fund | Jul-08 | 60.0 | 2,400 | ||||||
| United Finance | Jul-08 | 65.0 | 2,400 | ||||||
| Vision Securities | Apr-10 | 28.0 | 953 | ||||||
| Finance & Leasing | Jan-11 | 17.0 | 227 | ||||||
| ======== | ======== | ||||||||
| Totals | $ 2,951.3 | 101,902 | |||||||
| Prince & Partners Trustee Company | |||||||||
| Viaduct Capital | May-10 | 7.8 | 110 | ||||||
| Public Trust | |||||||||
| Guardian Mtg Fund | Jul-08 | 249.0 | 3,700 | ||||||
| Guardian Mtg Units | Nov-08 | 56.0 | 4,500 | ||||||
| ======== | ======== | ||||||||
| Totals | $ 305.0 | 8,200 | |||||||
| Trustees Executors | |||||||||
| Broadlands Finance | 15.0 | ||||||||
| Medical Securities | 177.0 | ||||||||
| Mutual Credit Finance | 5.0 | ||||||||
| Oxford Finance | 45.0 | ||||||||
| UDC Finance | 1,270.0 | ||||||||
| ====== | |||||||||
| Totals | $ 1,512.0 | ||||||||
| Canterbury Mtg Trust | Jul-08 | 250.0 | 5,000 | ||||||
| Equitable | Nov-10 | 190.0 | 6,000 | ||||||
| Rural Portf Capital | May-10 | 60.0 | 1,400 | ||||||
| Sth Canterbury Finance | Aug-10 | 1,600.0 | 35,000 | ||||||
| St Kilda | Aug-08 | 6.9 | 419 | ||||||
| Tower Mtg+Fund | Apr-08 | 242.0 | 5,000 | ||||||
| ======== | ======== | ||||||||
| Totals | $ 2,348.9 | 52,819 | |||||||