logo
Chris Swasbrook Appointed As Chair Of Te Papa

Chris Swasbrook Appointed As Chair Of Te Papa

Scoop30-04-2025
Acting Minister for Arts, Culture and Heritage
Chris Swasbrook has been appointed as Chair of the Te Papa Board says Chris Bishop, Acting Minister for Arts, Culture and Heritage.
'Chris Swasbrook is a prominent New Zealand investor with more than 25 years' experience working in finance. He has an extensive resume in executive and governance roles in many large-scale New Zealand businesses and organisations,' Mr Bishop says.
'Born in Auckland, he has been a long-time supporter of local business and arts communities. Chris is Chair of the Auckland Future Fund and an Inaugural Member and current Chair of the Auckland Art Gallery Toi o Tamaki Advisory Committee – roles which have shown his commitment to thriving arts infrastructure in New Zealand.
'Chris will bring valuable commercial, financial and investment governance experience to Te Papa. His strategic insights and international perspective will undoubtedly prove valuable to our national museum.
'I would like to thank Jackie Lloyd who has stepped up as acting Chair following the departure of Hon Dame Fran Wilde. Both Jackie and Dame Fran have made immense contributions to the leadership of Te Papa which have enhanced the museum's standing on the world stage.'
Biography:
Chris Swasbrook has more than 25 years' experience in stockbroking and funds management. He is currently Managing Director of Elevation Capital and Co-Founder and Director of NZX-listed New Zealand Rural Land Company. He is also Chair of the Auckland Future Fund, Executive Chair of McCashin's Brewery, a board member of the Financial Markets Authority (FMA) and member of the NZX Listing Sub-Committee.
Mr Swasbrook is also an Inaugural Member and current Chair of the Auckland Art Gallery Toi o Tamaki Advisory Committee.
He was previously a partner at Goldman Sachs, JBWere, and was Chair of Allied Farmers, Chair of Bethunes Investments, Director of NZX-listed Mowbray Collectables, Director of Ruapehu Alpine Lifts and Director of NZX-listed Satara Co-Operative Group.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NZX50 lifts 0.5%, Metroglass cracks and Eroad climbs
NZX50 lifts 0.5%, Metroglass cracks and Eroad climbs

NZ Herald

time7 days ago

  • NZ Herald

NZX50 lifts 0.5%, Metroglass cracks and Eroad climbs

'New Zealand dairy is still in demand, which is good and bad for them. It's an input cost for the consumer business, but generally good for farmers and their cooperative members.' Infratil continued its solid run since mid-June, gaining 1.77% to $7.67. The infrastructure investor traded at under $10 as recently as April. Takeovers, small caps Metro Performance Glass shares fell 20% to 4 cents after the glass supplier unveiled its plan to shore up its finances and secure new banking facilities. The company has agreed a deal with Amari Metals for the latter to take a 51% stake in the company following its proposed recapitalisation. The equity raise combines an $8.9m pro-rata rights offer with an additional placement to Amari Metals of up to $15m. Both tranches are priced at 3 cents per share (cps). Metroglass said an independent report by Grant Samuel concluded there were 'no viable alternatives'. Also on the takeover front, Vital's board urged investors to accept Tait Communication's takeover offer, warning the deal could collapse if the 90% minimum acceptance condition is not met before the mid-September deadline. In June, Tait Communications, a Christchurch-based critical communications systems provider, made a formal offer to purchase NZX-listed Vital for 45cps. On Friday, the board reiterated its unanimous recommendation, urging shareholders to accept 'without delay'. Vital shares fell 3.3% to 44c, having traded above the offer price towards the end of last week. Eroad continued its run from last week, rising 7.18% to $2.09 on Monday. The share price for telematics and fleet management rose to a three-year high after the Government announced it would transition the light vehicle fleet to road user charges. Earnings season Robertshawe noted that due to continuous disclosure requirements, companies had already confessed their sins in June and July. Subsequently, he said markets were unlikely to be too surprised by earnings reports. 'People will be looking for the quality of results. Are there abnormals? Are there provision releases? Are there one-off sale processes? That will be the key. 'And then obviously the reporting on trading since the balance date, and what does trading look like for the first half of the 2026 financial year? Vista Group, which reports its half-year results on Thursday, would be the most interesting stock to watch this week, he said. 'They hinted at a slight slowdown in uptake and migration to their new product, but it feels almost like they don't have the resources to go faster, as they've tried to hit free cash flow break-even. 'There could be an interesting announcement where they say they're going to push the company back into short-term cash flow deficits because they want to accelerate the growth to the new revenue model.' Vista traded flat at $3.50 on volumes worth nearly $1.5m.

Labour MPs gather in Christchurch to formulate election strategy
Labour MPs gather in Christchurch to formulate election strategy

RNZ News

time07-08-2025

  • RNZ News

Labour MPs gather in Christchurch to formulate election strategy

Labour leader Chris Hipkins addressed the Queenstown Business Chamber on Thursday. Photo: Screengrab Analysis: Labour MPs are gathering in Christchurch for a team 'away day', as the party inches closer to announcing its tax policy. Last year's mid-winter retreat was held in Auckland to re-engage with 'supercity' residents , after the party's bruising defeat in Election 2023 The caucus is now pushing to connect with the South Island - leader Chris Hipkins addressed the Queenstown Business Chamber on Thursday, while other MPs visited flood-affected properties in Moteuka. They will all come together in Christchurch on Friday to look to the year ahead and talk strategy for the run-up to next year's election. The meeting comes as the government works against a tide of negative headlines about the economy, with unemployment jumping to 5.2 percent on Wednesday. National campaigned on rebuilding the economy and Prime Minister Christopher Luxon heralded 2025 as the year of "going for growth" in his State of the Nation speech in January . The party is now battling the headwinds of an economic downturn, with some business voices, like former National leader-turned Auckland Chamber boss Simon Bridges, criticising the coalition for not doing more to stimulate the economy. Labour has been near silent on the policy front, choosing instead to criticise the coalition's ideas and hone its messaging on the cost of living to better resonate with voters feeling the pinch. Responding to an update on the government's transition to a universal road-user charges system , Hipkins said the timing could "clobber" those already struggling to pay the bills, but as for Labour's alternative timeline, who knows? The strategy thus far shows some promise, with the left bloc parties - Labour, the Greens and Te Pāti Māori - holding a narrow lead over the coalition in several political polls this year. Labour has also emerged as the party New Zealanders think has the best handle on the cost of living, according to the latest Ipsos Issues Monitor , but the race remains tight and the coalition parties are poised to pounce, when Labour unveils its tax plan this year. On Sunday, The Post reported Labour was one step closer to endorsing a capital gains tax (CGT) - insiders say the party's policy council has narrowly voted for a CGT over a wealth tax . While MPs will most likely discuss tax policy at today's mid-winter retreat, the public shouldn't hold its breath for an announcement. Party process requires both the council and caucus to sign off on policy. In the meantime, the party is clearly preparing to pitch - and defend - its approach to tax. Hipkins told TVNZ's Q+A in March he would need time to "counter the misinformation that often goes with tax changes" before the 2026 Election. Hipkins will give an opening speech to his caucus in Christchurch on Friday, before MPs have policy and strategy discussions behind closed doors. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

NZX steady as Eroad rallies on road user charge changes
NZX steady as Eroad rallies on road user charge changes

NZ Herald

time07-08-2025

  • NZ Herald

NZX steady as Eroad rallies on road user charge changes

'Of course, we have an earnings season starting next week, so you tend to see volumes a little lighter as people await the company announcements and guidance especially,' Sullivan said. 'US markets were positive, even though India has been hit with a higher tariff level than initially quoted. Our interest rates are buoying the market more than geopolitical instability and tariffs.' On the NZX, Eroad rallied by 26.42% today after the Government unveiled a raft of changes to the country's Road User Charges system in preparation for 3.5 million vehicles becoming liable for the charges. As has previously been signalled, the current Fuel Excise Duty is expected to be abolished in the coming years, with all vehicles moving to Road User Charges (RUCs). Eroad's share price lifted 42c to $2.01 after 3.1 million shares changed hands on turnover of $5.9m. 'Obviously they're seen as a potential frontrunner for being able to offer a solution in that area. Material uplift in volume and share price and their market cap would put them up as a NZX 50 constituent as well, so the potential to eventually be included in NZX indices.' Elsewhere, Radius Healthcare shares rose 3.90% to $0.40 on high volume of 10.4 million shares after it announced an upgrade to its projected underlying earnings before interest and tax. Sullivan said Radius doesn't seem to be able to put a foot wrong at the moment, noting its share price rose 22% in July, 22% in June and 25% in April. Chorus also had another positive day, with its share price lifting 1.21% or 11c to $9.20. Contact Energy, meanwhile, fell 0.76% to $9.10 after $11.1m in turnover was traded. US markets Wall Street stocks rose on Wednesday local time, with Apple and most other large tech companies rallying as markets largely shrugged off US President Donald Trump's latest tariff hikes. Apple piled on more than 5% after White House officials said the tech giant plans an additional US$100 billion ($168b) in capital spending in the United States. Amazon and Google parent Alphabet were among the other large tech names that also rose. 'By standing up and publicly announcing a domestic investment with President Trump, it reduces the likelihood of Trump imposing new tariff burdens on Apple,' said FHN Financial's Chris Low. The Dow Jones Industrial Average finished up 0.2% at 44,193.12. The broad-based S&P 500 gained 0.7% to 6,345.06, while the tech-rich Nasdaq Composite Index climbed 1.2% to 21,169.42, less than 10 points from an all-time record. Trump ordered an additional 25% tariff on Indian goods. The levy, which is expected to come into force in three weeks, is due to New Delhi's continued purchase of Russian oil. – Additional reporting AFP Tom Raynel is a multimedia business journalist for the Herald, covering small business, retail and tourism.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store