Generate KiwiSaver appoints Nick Kynoch to General Counsel

Posted by Henry Tongue in Kiwisaver, Retirement, Savings on

Press Release 11 February 2021

The Generate KiwiSaver Scheme is delighted to announce the appointment of Nick Kynoch as General Counsel. Nick joins Generate from the Financial Markets Authority, where he was General Counsel and a member of the Executive Team.

Nick's recruitment by Generate demonstrates the company’s strong commitment to ensuring it not only meets, but tries to exceed regulatory expectations.

CEO Henry Tongue said "We take the responsibility of managing people's retirement savings, and the trust that our members and advisers place in us, incredibly seriously. Generate continues to invest in the best people, who are all committed to helping kiwi's achieve the lifestyle they want in retirement. Getting Nick on board as part of the Generate team is very much consistent with this. We're absolutely delighted to have someone of Nick's calibre join the team, and we know he will make a huge contribution to Generate, its members and our advisers."

Nick Kynoch stated "I'm looking forward to joining Generate and helping kiwi's secure their financial future. Generate has continued to rapidly grow its FUM and membership base, and it's an exciting time to join this dynamic business."

Nick has over 20 years of experience in financial services regulation. Prior to joining the FMA, Nick was based in London. As a partner at major international law firms Nick advised many regulated businesses on their legal and compliance obligations. Nick also held senior compliance roles at Barclays Investment Bank.

Generate is an award-winning New Zealand owned KiwiSaver provider with a track record of delivering strong performance. It is the 9th largest KiwiSaver provider by reference to funds under management of $2.7bn and has over 95,000 members. In 2020, Generate became the first KiwiSaver provider to invest in social housing with a $20m bond investment, helping create 118 new, warm, dry and secure houses for families without homes.