Directors & Officers



Raymond Kellerman

Appointed: 29 August 2014

Ray has over 30 years of experience in the funds management and corporate and structured finance industries. Ray was with Perpetual Trustees Australia for 10 years before establishing his own compliance consulting and advisory business in 2001. He currently acts as an audit, risk and compliance committee member and director for a number of major fund managers including Goodman Funds Management Australia, Fidelity Australia, Invesco Australia, Aberdeen Australia and Alliance Bernstein Australia.

Ray is an owner and Executive Director of Quentin Ayers, an implemented asset consultant specialising in alternative private market investments. Previous appointments include Independent Chairman of ClearView Wealth, an ASX listed life insurance and financial services company; and Independent Chairman of Credit Suisse Asset Management Australia.


Richard Davies

B Ec, LLb (Hons), MBA (Hons)
Executive Director
Appointed: 29 August 2014

Richard has over 18 years of broad financial markets experience with both public and private capital markets as an analyst, investor and director in both Australia and the USA. This experience includes founding Roadnight Capital, and managing the investment portfolio of the Bori Liberman Family which involved backing and financing start up payments and financial services companies, turning around a $1b+ property business. Between 1998 and 2002 Richard worked at Tiger Management and Kicap Management in New York City. Prior to this, Richard practised as a lawyer at Baker & McKenzie and Freehills.


Tim Sole

BSc (Hons), MBA, FNZSA (rtd)
Independent Director
Appointed: 9 October 2017

Tim is a recently retired actuary and chartered statistician and has spent 25 years of his career as a Chief Executive. He is a former Chief Executive of Royal and Sun Alliance Life, State Insurance, Public Trust, and New Zealand Local Government Insurance Corporation Limited and he has worked as an actuary in the UK, Australia and New Zealand. Roles in New Zealand have included Chairman of the Life Office Association, Chairman of the Insurance and Savings Ombudsman Scheme and Chairman of the New Zealand Export Credit Office Advisory Board.


James Ogden

BCA (Hons), FCA, CFinstD, INFINZ (Cert)
Independent Director
Appointed: 16 October 2017

James Ogden provides consulting services to organisations in the private sector on mergers and acquisitions and investment strategy. His current directorships include the NZX listed companies Summerset Group Holdings Limited and Vista Group International Limited; is a member of the Investment Committee of Pencarrow IV and Pencarrow Bridge Fund; Director of MMC Group Holdings Limited; a member of the New Zealand Markets Disciplinary Tribunal and a member of the Audit and Risk Committee and the Investment sub-committee of the Crown Forestry Rental Trust. Before becoming a consultant and director, James had extensive investment banking experience including six years as Country Manager for Macquarie Bank Limited and five years as a Director of Credit Suisse First Boston. James worked for eight years in the New Zealand dairy industry in chief executive and finance roles and in London for six years in finance roles. James has a professional accounting background with extensive experience in investment banking and capital markets. He is a Fellow of the Chartered Accountants of Australia and New Zealand, Chartered Fellow of the Institute of Directors, Member of the Institute of Finance Professionals New Zealand Inc. and a former New Zealand Stock Exchange Broker.


Grant Piercy

MBA (Distinction)
Chief Executive Officer
Appointed: 29 August 2014

Grant has over 35 years experience in the financial services industry, where he has held senior management positions in insurance, funds management and banking sectors working for TOWER New Zealand and ANZ Bank. In his previous role, Grant was the Executive Strategy and Operations Manager at TOWER New Zealand.