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Geneva Finance Appoints New Directors

Contributor:
Fuseworks Media
Fuseworks Media

30 JUNE 2008 - Following the acceptance of its Capital Reconstruction Proposal, and the first of its scheduled repayments to investors, Geneva Finance is consolidating its new direction with the appointment of Robin King and Phillip Bell as directors. Mr King and Mr Bell's appointments come at a time of renewed activity which will see the company list on the NZAX on 1 July 2008.

Managing director David O'Connell said the appointments were a key stage in Geneva's successful navigation of New Zealand's presently unstable financial climate. "We are continuing to meet our Capital Reconstruction Proposal obligations to investors, and are on track for our listing.

"We understand that quality of management is a critical issue for investors in all finance companies, as it should be, and we are delighted to have directors of Robin and Phillip's calibre, and financial and management expertise, with Geneva. They will play a crucial role in our new team through their directorship, and the business knowledge and experience they bring to Geneva."

Mr King was the founder and director of the successful building services firm Robin King & Associates, which he operated for more than 20 years and remained company accountant after selling out in 1997. He has extensive experience in investment and management, and has held directorships with a number of companies in both New Zealand and Australia.

Mr Bell has 25 years' experience in the banking and finance sector. Since 1996 he has been joint owner of CapitalGroup Limited, which provides advice and invests in New Zealand business and property projects. He has degrees in law and commerce, and previously held positions with Countrywide Bank in New Zealand and Hill Samuel in London.

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