STIG has welcomed Matt Major as Chief Executive Officer of Senior Trust Management Limited, following his nomination to the board.
Senior Trust Retirement Village Income Generator Executive Director John Jackson welcomed the recent appointment of Matt Major as Chief Executive Officer of Senior Trust Management Limited, the Manager of STIG, and supported his nomination to the board.
“It is a testament to Senior Trust that we can attract candidates of Matt’s quality who bring a wealth of experience,” said Jackson.
Major, who recently returned from senior roles in London’s fund management and alternative asset sectors, told shareholders he was impressed with STIG’s focus on disciplined growth and long-term value creation.
At STIG’s recent Annual General Meeting, Jackson acknowledged the uncertain and domestic environment. He noted that despite recent challenges, the company had paid attractive returns to shareholders during the financial year while protecting investor capital.
“I am proud of what we have achieved. Even in this difficult environment, the company has delivered an attractive return and, most importantly, protected your share capital,” he said.
The meeting also heard updates on the company’s portfolio, including progress on the Stoney Creek Village property in Wanaka. Jackson confirmed a conditional agreement had been reached with a prospective purchaser at a price above the carrying value in audited financial statements. Progress was being monitored closely.
At STIG’s 2025 AGM, Jackson reaffirmed STIG’s commitment to investors.
“We remain focused on our objectives of delivering attractive returns, stability of capital, and being a company that is responsive to your needs. We believe that we have the people, the systems, and the policies to continue to deliver premium returns to you as investors,” he said.
With New Zealand’s ageing population driving long-term demand, Jackson expressed confidence about the road ahead.
“We are seeing early signs that the residential market is starting to improve and that resident inflow is increasing. This bodes well for measured growth, and with bank deposit rates falling, history tells us this will result in an increase of investment funds into Senior Trust,” he added.
More news here.
