Newland to St Laurence

Philip Newland

Eric Watson's former right-hand-man Philip Newland has been appointed executive director of the St Laurence investment and finance group.

Newland will take a stake in the group and will work alongside St Laurence's managing director, Kevin Podmore.

In the newly established role, Newland will hold directorships in all key St Laurence operating companies and will be based in Auckland to establish a stronger presence there for the Wellington-based group. Newland was group managing director of Watson's Cullen Investments and is a director of Abano Healthcare. He has broad experience in the finance, investment and property sectors.

The new Auckland office will accommodate the group's Auckland lending- and investment-based activity and the company's private equity fund, St Laurence Private.

Newland will take up his new role next month.

- STAFF REPORTER