Established in August 2010, Partners Life entered the market with a fresh innovative offering for the protection of New Zealand families and businesses. With unprecedented growth since launch Partners is now one of the most substantial competitors in the New Zealand Life Insurance Industry. Products include life insurance, income protection, medical insurance, disability insurance, trauma cover and business risk protection.
Who are we?
The Board of Directors, and Executive Management Team of Partners Life bring many years of experience in the financial services industry, both domestically and internationally and have come together to create an entirely unique business model that not only values but also tangibly rewards customer loyalty as well as the support of financial advisers.
Chairman and Non-executive Director, Jim Minto, is an experienced Director with a demonstrated history of working at Chief Executive Officer and Managing Director level in New Zealand, Australian and Asian financial services industries for over 26 years. Jim retired in 2015 as the Group Chief Executive Officer and Managing Director of TAL (formerly Tower Australia). TAL is 100% owned by Dai-ichi Life, a major global Japanese-based life insurer. Jim has an intimate understanding and passion for life insurance.
Jim is a Director of Singapore based Dai-ichi Life Asia Pacific, Chair of the Life Insurance in Superannuation Industry Working Group (Australia), Director of National Disability Insurance Agency (Australia) and non-executive Director of EQT Holdings Limited.
Jim is a fellow of the Australian and New Zealand Institute of Accountants and graduate member Australian Institute of Company Directors.
Managing Director, Naomi Ballantyne (ONZM), has over 30 years of experience in the New Zealand life insurance industry. She is one of the most well-known and respected executives in the market today and has unprecedented experience in starting companies and then leading them to significant long-term success. Naomi was awarded the New Zealand Order of Merit (ONZM) for services to the insurance industry.
Naomi Ballantyne explains, “We are well on our way to filling the significant gap in today’s market where the consumer’s comprehensive protection needs are not being met and the impartial adviser channel is not being as supported as it should be. This gap may be the result of providers concentrating on the development of direct distribution channels or maybe as a result of market consolidation seeing a number of companies inwardly focussed on mergers and acquisition activities turning their attention away from the needs of customers and advisers. Partners Life closes that gap by balancing comprehensive cover with affordability for the consumer; recognising and rewarding customer loyalty; and supporting the adviser channel to deliver expert advice and service to their customers”.
Non-executive Director, Joanna Perry (MNZM, FCA, MA(Cantab)), is Chairman of the IFRS Advisory Council and independent chair of Oyster Property Group. She is a non-executive director of Genesis Energy, Trade Me Group, Kiwi Property Group Limited and Regional Facilities Auckland.
Joanna has held a number of other director roles and was previously a partner at KPMG, a member of the Securities Commission and Chair of the Financial Reporting Standards Board and a member of the Australian Accounting Standards Board.
Joanna was awarded Membership of the New Zealand Order of Merit (MNZM) for services to accounting. She holds a Master of Arts, Economics, from Cambridge University qualified as a member of the Institute of Chartered Accountants in England and Wales and is a fellow of the New Zealand Institute of Chartered Accountants. and a fellow of the Institute of Directors.
Non-executive Director, Tim Bennett is an executive and strategic adviser with extensive experience in capital, commodity and financial markets, and retail financial services in New Zealand, US, Australia and Asia.
Tim was Chief Executive of the NZX, Partner at Olive Wyman Singapore leading retail and business banking for the Asia Pacific, and a Partner at Boston Consulting located in New Zealand, USA, Malaysia and Singapore.
Tim holds a MBA (Strategy and Finance) from Wharton School, University of Pennsylvania and a Bachelor of Commerce and Administration (Computer Science, Business Administration) from Victoria University of Wellington.
Non-executive Director, Paul Chrystall, is the Managing Director of the private equity firm Maui Capital Limited. As part of this role he sits on the board of various Maui Capital investments.
Before co-founding Maui Capital in 2008, Paul was Head of Private Equity at Goldman Sachs JBWere (New Zealand) where he founded and managed the Hauraki Private Equity Funds. Prior to his career in private equity, Paul held a number of senior positions across diversified industries in New Zealand and the United Kingdom. In these positions he focused on finance management, restructure and turn around, mergers & acquisitions, valuation and investment, performance management and investment strategy. Paul holds a Bachelor of Commerce from the University of Auckland.
Executive Director, Richard Coon, (BA, MBA, FCA), is a qualified Chartered Accountant with a Harvard MBA. Richard started his management career with Xerox in the UK until he discovered his entrepreneurial spirit and founded one of the UK’s leading personnel management software companies. Richard moved to NZ as Finance Director of Sovereign Assurance, the company founded by his brother Chris Coon a few years earlier. Following the sale of Sovereign, Richard and Chris founded Seniors Money International, a company specialising in home equity release both in NZ and overseas.
In 2010 Richard, Chris and Naomi Ballantyne founded Partners Life, where Richard was initially the Finance Director. Richard retains his involvement in the business by being engaged on special projects as required.
Richard is also a Trustee of the Laurie Coon Foundation, dedicated to helping young New Zealanders achieve their aspirations and is Founding Chairman of Angel Investors Marlborough (AIM).
Non-executive Director, Julie Fahey, is a non-executive Director of Datacom Group Limited in New Zealand and of Yooralla, IRESS and CenITex in Australia and is a member of the Emergency Services Telecommunications Authority's ICT Advisory Board.
Julie has over 30 years of experience in technology, including in major organisations such as Western Mining, Exxon, Roy Morgan, General Motors and SAP, covering consulting, software vendor and Chief Information Officer roles.
In addition to her industry experience, Julie spent 10 years at KPMG as a partner with the firm, during which time she held roles as National Lead Partner Telecommunications, Media and Technology, and National Managing Partner - Markets. Julie was also a member of the KPMG National Executive Committee.
Non-executive Director, Lance Jenkins, is a partner and executive director of Waterman Capital, a New Zealand private company investor. He has over 20 years of financial markets experience having worked in New York, Sydney and Auckland. Prior to joining Waterman, he held senior roles with Goldman Sachs JBWere in New York and more latterly as CEO and Managing Director of Goldman Sachs JBWere New Zealand.
He is a non-executive director of the New Zealand meal-kit business, My Food Bag, and the Australian listed investment company, Whitefield Ltd. He was previously a non-executive director of Spicers Portfolio Management Limited.
Lance holds an MBA from New York University (Stern) and an LLB and BCA from Victoria University of Wellington.
Non-executive Director, Kishore Moorjani, a Blackstone nominee, with experience in private equity. Kishore Moorjani is a Senior Managing Director and leads the Asia efforts for Blackstone's Tactical Opportunities Group.
Prior to joining Blackstone, Mr. Moorjani was the Founder and Chief Investment Officer of Credit Asia Capital, an Asian special situations investment firm he established in partnership with the Blackstone Strategic Alliance Fund. Prior to that, Mr. Moorjani was Co-Head of Asia at D.B. Zwirn, a $5 billion special situations investment firm, where he was involved in launching the Asian investment business. From 1998 to 2004, Mr. Moorjani was with Colony Capital, where he held various positions across several of the firm's offices, including serving as the CEO of Colony Capital Taiwan.
Mr. Moorjani received an MBA and a BBA (Honours) from the Schulich School of Business at York University in Toronto., where he serves on the Dean's Advisory Council.
Non-executive Director, Luv Parikh a Blackstone nominee, with experience in sourcing and executing transactions in Asia-Pacific. Luv Parikh is a Managing Director in Blackstone’s Tactical Opportunities Group in Singapore.
Prior to joining Blackstone in 2008, Mr. Parikh was at Lehman Brothers New York, where he was part of the Financial Sponsors, Leveraged Finance and Corporate Advisory teams within investment banking. Prior to Lehman, Mr. Parikh was the CEO of an automobile distributorship company in India where he led a successful turnaround in the company’s profitability. Mr. Parikh started his career at Prudential Securities in the Private Equity Placements Group.
Mr. Parikh received a BS in Economics, majoring in Finance and Entrepreneurial Management from the Wharton School, University of Pennsylvania in 1998. He also received an MBA from Columbia Business School in 2006, where he was a recipient of the Board of Overseers Fellowship and graduated as a member of the Beta Gamma Sigma Honors Society.