Oyster Property Group have announced the appointment of Karlene Daniels to the newly created role of General Manager of Risk & Compliance, further elevating the firm’s risk management capabilities.
Karlene joins Oyster from Tower Insurance where she was Head of Risk & Compliance for the Pacific region. Prior to this, she held the role of Country Risk Manager at AIG, where she gained in-depth knowledge of the finance and regulatory environment.
Oyster’s CEO, Mark Schiele, commented: “Karlene is a seasoned enterprise risk management professional with over 15 years’ experience in the insurance and fund management environment. She brings a wealth of experience to this key leadership position which our investors and the Oyster team will benefit from.
“Having a specialist of Karlene’s calibre at the helm of our Risk & Compliance team, elevates our risk management approach to be even more proactive and fully integrated within our business, strategy and culture.
“This is vital as we continue to grow and deliver strong investment outcomes to our investors.”
In her new role, Karlene will spearhead Oyster’s risk management, compliance, legal and regulatory capabilities and says she is excited to drive Oyster’s strong risk culture forward as the company grows.
“Oyster has an excellent reputation as New Zealand’s leading commercial property and fund manager. I’m thrilled to be joining a company that understands the important role sound enterprise risk management plays in delivering better outcomes for all stakeholders”
Oyster Property Group
Oyster is a leading New Zealand commercial property and fund manager. The company has expertise in property fund structuring and equity raising and currently manages over 20 property funds structured for retail and wholesale investors including Oyster Industrial, the Oyster Large Format Retail Fund and the diversified Oyster Direct Property Fund. Oyster partners with institutional capital and private equity investing in commercial property and holds management mandates with third party property owners across development, asset management, property and facilities management, and retail leasing. Oyster manages a range of retail, office and industrial assets throughout New Zealand, with a combined value in excess of $2.1 billion.
