In 2021, Ngāti Maniapoto ratified their settlement with the Crown for historical Treaty of Waitangi breaches. As part of this settlement, the redress comprises of historical, cultural, financial and commercial redress including key relationships with government agencies.

Since then, Maniapoto Maori Trust Board (MMTB), the mandated iwi authority who negotiated with the Crown, have established a new post settlement governance entity (PSGE), Te Nehenehenui Trust (TNN), which is responsible for receiving, managing and administering settlement assets on behalf of Ngāti Maniapoto. Under the settlement legislation, MMTB will disestablish and all assets and liabilities will be transferred to the PSGE.



The Group Investments Committee is a Sub Committee convened by Te Nehenehenui Trust (‘TNN’), the post-settlement governance entity of Ngāti Maniapoto. TNN comprises representatives of the Maniapoto Māori Trust Board and its subsidiaries (Maniapoto Fisheries Trust and Te Kupenga o Maniapoto Limited) (‘MMTB Group’).

TNN will become the ultimate parent entity of all entities to receive settlement assets. Both MMTB & MFT will eventually be disestablished as noted earlier.

The GIC will guide the respective Boards and Management on the investment management framework, strategies and key investment policies in relation to the Ngāti Maniapoto settlement assets and the investment assets across the Group. The GIC will consist of up to two Trustee Members (representing both TNN and MMTB), two Members from TKoM. and an Independent Chair.



The Independent Chair will be available to participate at meetings, in person or by teleconference sometimes at short notice, and to devote sufficient time to preparing GIC meetings. Members will also:

  • Be familiar with the provisions of the TNN and MMTB Group Entities Deeds, Legislation and Constitutions; and
  • Ensure that the GIC complies with all relevant policies, including monitoring protocols and relevant legislation.


Term of Appointment

The Independent Chair is appointed for an initial term of 2 years, and shall be eligible for reappointment at the end of the term.


Key Responsibilities

The responsibilities of the GIC will change over time in line with the progression of the TNN Transition Plan, however is likely to cover the following (in order of priority):

1. Assess investment strategy and risk

  • Provide guidance to TNN regarding the on-account payment.
  • Develop the investment strategy and framework for TNN and MMTB Group.
  • Develop a Group SIPO in line with the investment framework and the TNN 5-year strategy.
  • Develop an investment review model for Management to consider and screen potential investments prior to Sub Committee consideration.
  • Consideration of the investment strategy regarding settlement assets (including deferred settlement properties).

2. Select investment advisor(s)

  • Recommend to the Board(s) the appointment or termination of the investment advisor where appropriate.
  • Recommend to the Board(s) the terms of the appointment of investment advisors or managers, including level of portfolio management discretion, custody and dealing arrangements, and fees.
  • Set and review with the investment advisor(s) appropriate investment mandates ensuring consistency with the SIPO and long-term investment strategy.

3. Monitor and evaluate investment performance, service and cost

  • Monitor the long-term performance of the investment portfolio against the investment objective, ensuring compliance with the written investment policy.
  • Establish appropriate performance benchmarks for the investment managers and monitor and evaluate performance over relevant time horizons.
  • Periodically review the fees paid and appraise value for money.
  • Monitor the liquidity to ensure that the distribution commitments can be met.



  • Strong corporate governance and leadership experience.
  • Affinity with and uphold TNN and MMTB Group values.


Essential Competencies
The following competencies are deemed essential for this appointment:

  • Proven commercial skills – extensive experience in legal, financial or business sectors.
  • Experience in investment strategy and framework development, ideally Post-Settlement Iwi.
  • Oversight of significant investment portfolios including monitoring investment management performance.
  • Risk management and policy oversight.


Applications are NOW OPEN and close 5pm Friday 13th May 2022.

Please send applications or direct enquiries through to Kelly Ann at