On the Move | February 2024

Lloyd Budd announced as CEO of Bayleys Auckland

Lloyd has been appointed as Chief Executive Officer for Bayleys Auckland, leading the Residential, Projects, Commercial & Industrial and Lifestyle agency teams. 

Drawing on his extensive international experience with Majid Al Futtaim Properties in the Middle East, and Lendlease in Australia, ensure he brings a unique, big-picture approach to innovation, real estate and leadership.

His continued desire to succeed has seen him graduate Harvard Business School’s Executive Education programme, gain International Rugby honors (UAE) and balance his family life with his wife Monica and two children.

Inducted into the New Zealand ‘Hall of Talent’ by the Governor General in 2007 and awarded by the Property Council of New Zealand as the ‘Property Professional of the Year’ in 2018, Lloyd’s contribution to the sector is undeniable and has cemented a reputation for strategic and continuous innovation fortified with principals of sustainability, efficiency and progress. 

Congratulations Lloyd! 

Russell McVeagh promotes four home-grown talents to partnership

Russell McVeagh has promoted home-grown lawyers Michael Loan, Alex MacDuff, Bevan Peachey, and Hannah Wilson to the partnership.

Loan is the firm’s head of infrastructure. His practice covers M&A, joint ventures, and corporate and project finance transactions; moreover, he has aided clients in the progression of their projects and investment strategies in renewables and the broader infrastructure sector, Russell McVeagh said.

He has led capital formation and investment transactions across renewable energy subsectors such as offshore and onshore wind, solar, and waste-to-energy. In 2022, he returned to the firm’s corporate advisory team after 13 years in London, where for eight years, he worked with Macquarie’s Green Investment Group.

As a general commercial litigator, MacDuff specialises in restructuring, insolvency, and special situations. He has advised corporates, financial institutions, insolvency practitioners, and other stakeholders on structuring and restructurings, stressed and distressed refinancings. He has also tackled corporate and company disputes.

He rejoined Russell McVeagh in late 2021 after a tenure with Allen & Overy’s global restructuring group in London. While with Allen & Overy, he advised on high-profile cross-border and domestic matters.

Peachey concentrates on project finance and matters in the infrastructure and energy sectors. He has worked with domestic and international financial institutions, corporate borrowers, sponsors, and government agencies on a variety of strategic financing transactions and infrastructure projects. 

He has handled financing and infrastructure transactions both in New Zealand and internationally. After starting his legal career with Russell McVeagh, he relocated to the UK, where he worked with Norton Rose Fulbright. He then rejoined Russell McVeagh on returning to New Zealand.

Wilson is a specialist in matters involving M&A, commercial contracting, joint venture, and shareholder arrangements. Prior to rejoining Russell McVeagh in January 2022, she logged a stint with Hogan Lovells, where she tackled strategic transactions for clients in the life sciences and automotive industries.

Board chair Allison Arthur-Young highlighted the overseas experience of the newly promoted lawyers.

“Bringing this experience to central areas of considerations for many organisations across Aotearoa, including infrastructure, renewable energy, and environmental, social and governance (ESG) areas, [the newly promoted lawyers] are each helping organisations respond to risks and to take advantage of opportunities across a broad spectrum of areas,” she said. 

Gavin Read appointed as Head of Value and Risk Advisory at JLL

Gavin Read has been appointed as Head of Value and Risk Advisory, New Zealand after almost three years as Head of Research for JLL NZ. 

Managing Director for JLL NZ, Todd Lauchlan, is excited to see the Value and Risk Advisory team thrive with Gavin at the helm.

“Moving into the Value and Risk Advisory team, there is scope for Gavin to utilise his decades of experience and excellent leadership skills to carry our market-leading team forward and continue delivering outstanding results for our clients.”

Congratulations Gavin! 

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