PMG CFO Wins SME Finance Leader of the Year at 2021 New Zealand CFO Awards

Chief Financial Officer and Director Nigel Lowe of national property funds manager PMG Funds has won SME Finance Leader of the Year at the 2021 New Zealand CFO Awards. Lowe’s win was announced at the Awards Gala Dinner in Auckland on 22 June.

The inaugural award was a new category for this year’s CFO Awards, run by Conferenz, and recognises exceptional leadership, talent and commitment to supporting the growth of a small-medium business with revenues of less than $100 million in New Zealand.

The CFO Award judges noted “PMG Funds has been growing rapidly and Nigel has been instrumental in ensuring the finance function keeps pace with that growth through recruitment and development of the finance team and leadership of a digital transformation of the business.”

Nigel said that PMG has a clear strategy, and growth has been well planned while maintaining a strong balance sheet. He commented the other finalists – Craig Hadfield of Volpara Health Technologies, Damien McQuarrie of Intellihub, and Scott Kendall of Hamilton Airport – were exceptional leaders in their professional fields and he deeply respected their achievements.

PMG Chief Executive Officer Scott McKenzie said Nigel’s significant achievements include deliberately structuring PMG’s financial strategy (and those of the funds’) in a robust way to position those entities to more likely withstand the ongoing economic and market volatility that was appearing.

“As a result, PMG and our funds went into 2020 in a strong financial position, and were able to deliver regular and reliable returns to our investors,” McKenzie says.

Additionally, PMG paid all their suppliers early to support their cash flow, and all of PMG’s own people were retained on full pay. This was achieved without any government subsidies or support, which is a significant accomplishment for a company of this size with 200 commercial tenants.

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