Board of Directors

The LGFA Board comprises independent and non-independent directors, the majority of which are required to be independent directors appointed by shareholders.

The LGFA Board, is responsible for the strategic direction and control of LGFA’s activities. The Board guides and monitors the business and affairs of LGFA, in accordance with:

  • Local Government Act 2002;
  • Local Government Borrowing Act 2011;
  • Companies Act 1993;
  • LGFA’s Constitution;
  • LGFA Shareholder Agreement;
  • LGFA Annual Statement of Intent.

The names, positions, qualifications and experience of LGFA’s directors are set out below:

  • Craig Stobo

    Independent Chair

    BA (Hons) Economics First Class, Otago; C.F.Inst.D
    Advanced Management Programme, The Wharton School, Philadelphia
    Associate Member CFA Society New Zealand

    Craig has worked as a diplomat, economist, investment banker, Chief Investment Officer, and CEO. He has authored reports to the New Zealand Government on the Taxation of Investment Income (which led to the PIE regime), and the creation of New Zealand as a funds domicile. Craig is a Taumata of the University of Otago Business School.

  • Paul Anderson

    Independent Director

    M.Com (Hons) First Class, Canterbury;
    Chartered Accountant (CA ANZ);
    C.M.Inst.D

    Paul Anderson is Chief Executive Officer of Queenstown-based NZSki Limited and Executive Director of its parent company, Trojan Holdings Limited. NZSki owns and operates Coronet Peak, The Remarkables and Mt Hutt ski areas, catering for more than 700,000 guests each year and employing more than 1,400 staff at the height of the season.

    Paul’s governance experience spans private sector and council-controlled trading organisations including the Establishment Board of the NZ Local Government Funding Agency, EcoCentral Limited and Port Hills Leisure Limited.

    Paul previously held executive roles in the private, public and local government sectors. Prior to his current role he was General Manager Corporate Services for Christchurch City Council, and he held corporate and business finance roles at Telecom New Zealand and London-based Natwest Global Financial Markets. He started his career as a policy analyst at the New Zealand Treasury. Paul holds a Master of Commerce (First Class Honours) from the University of Canterbury, is a Chartered Accountant (CA) and a Chartered Member of the Institute of Directors.

  • Alan Adcock

    Non-Independent Director
    Whangarei District Council

    Member LGFA Audit and Risk Committee
    B.Com, MBA (with Distinction)

    Alan has over 35 years’ experience in the financial services and local government sectors at executive level, with over twenty years in banking, insurance and funds management followed by his current role as General Manager Corporate / CFO at Whangārei District Council.

    His involvement with LGFA began in its initial planning stage, as a representative of the ‘tight nine’ councils that worked together to turn the concept into reality in 2011. He was an inaugural member of the Shareholders’ Council, which he chaired from 2014 before joining the Board in 2021.

  • Philip Cory-Wright

    Independent Director

    Member LGFA Audit and Risk Committee
    LLB (Hons), BCA Business Management,
    INFINZ (Cert), C.F.Inst.D

    Philip is a solicitor of the High Court of New Zealand and Victoria. He has worked as a corporate finance adviser in New Zealand to the corporate sector on debt and equity matters for more than 30 years. Philip is also a strategic adviser to clients in the energy and infrastructure sectors. He was a member of the Local Government Infrastructure Expert Advisory Group tasked with advising the Minister of Local Government on improvements in local government infrastructure efficiency.

  • David Rae

    Independent Director

    Member LGFA Audit and Risk Committee
    M.Sc (distinction) in Economics, London School of Economics, C.M.Inst.D

    David is a co-owner of an investment consulting firm, MyFiduciary Ltd, which provides portfolio advice and implementation for institutional investors including charitable trusts and iwi. His background is in economic policy and investing, having worked for the NZ Superannuation Fund and the OECD. 

    He has held current and past roles as an investment trustee and as a director of regulated utilities in the gas and transport sectors both in New Zealand and overseas. 

    David has an M.Sc in Economics from the London School of Economics, and a B.Soc.Sci (Hons) in Economics and Physics from the University of Waikato.

     

  • Helen Robinson ONZM

    Independent Director

    Member LGFA Audit and Risk Committee

    Helen is an experienced business leader locally and internationally mostly in the technology and sustainability sectors. Helen was Managing Director of Microsoft New Zealand, VP of Pivotal Corporation Asia Pacific and Managing Director, Markit Group (co-founding its Environmental Registry; now part of S&P Global).

    Helen has decades of governance experience acting as Director or Chair for numerous public, private and public sector organisations.

    She is a member of Global Women, a Chartered Member of the NZ Institute of Directors, and has been recognised in numerous awards for business and innovation including the NZ Women of Influence Supreme Award and as an Officer of Merit in the Queens Honours.

  • Elena Trout

    Independent Director

    B Technology (Biotechnology) Massey
    M Engineering (Civil) Canterbury CF Ins D, DistF Eng NZ and Past President Eng NZ

    Elena is an experienced company director and a professional engineer who has held a number of leadership positions in the transport, infrastructure and energy sectors. She has over 30 years of experience in the management, planning and delivery of large projects and continues to provide advice on nationally significant infrastructure developments.  

    She is a well-seasoned professional director, has held a number of governance roles including chairing independent government inquiries and reviews by local authorities in accordance with Section 17 (a) of the Local Government Act. Her current directorships include Chair of Energy Efficiency Conservation Authority, Chair of Chartered Professional Engineers Council, Co Chair Waihanga Ara Rau Construction and Instructure Development Council, director of Contact Energy, City Care, Opuha Water Ltd, Worksafe and Callaghan Innovation.