Our founders were, from the beginning, driven by the idea of breaking new ground in the way investment capital is deployed in New Zealand. Our growing team have the diversity of experience and backgrounds which encourages innovative and creative thinking, allowing us to do things differently.

Establishing new and profitable pathways to invest capital in NZ, whilst at the same time being an agent for change, has led us to explore impact investing in the broadest sense. Although not our sole focus, bringing innovation and patient capital to the NZ housing market is the single biggest impact we at New Ground can make.      

Despite significant growth in the number of renting households, there's a lack of large-scale professional landlords in this market. Most of the existing rental housing stock is old and often unhealthy, and there's an unwillingness among traditional landlords to provide any real security of tenure to their tenants. 

This needs to change for the benefit of tenants, investors and the wider NZ society. We believe the answer lies in the establishment of a thriving Build-to-Rent (BTR) sector where institutional capital is invested in long-term, professionally-managed residential rental portfolios, where tenants are treated as customers and provided with security of tenure in a community they can call home. 

With several large BTR developments already nearing completion, and more in the pipeline, New Ground Capital is leading the way and creating a future where a successful BTR sector is firmly established in New Zealand.

In addition to our BTR activities, we’re proudly creating innovative impact investment funds, including co-founding NZ’s first domestically focused impact fund.  The Impact Enterprise Fund invests in for-profit businesses seeking to make a meaningful contribution to life in NZ and beyond.

We hold a managed investment scheme license issued by the Financial Markets Authority of New Zealand and work alongside organisations such as the NZ Super Fund, Ngai Tahu Property, Ākina Foundation, and Impact Ventures.

Our team at New Ground mixes experience with innovation and entrepreneurial zest, having worked across the globe in banking, finance, law, property, hospitality and infrastructure. We’re all passionate about identifying areas of untapped capital demand and investment appetite, and developing new solutions that allows capital to fulfil those opportunities.

That’s how we continue to break new ground in the NZ investment markets – now and into the future.

  Roy Thompson   Co-Founder, Managing Director   roy@newground.co.nz

Roy Thompson
Co-Founder, Managing Director

Founding New Ground Capital to leverage his skills in the financial markets in a meaningful way, Roy has 30 years’ experience in local and international financial markets and 20 years of successful entrepreneurial activity across a range of industries.

Known as a lateral thinker who combines clear strategic thinking with attention to detail, during his banking career Roy was a member of the team that established the National Bank Private Bank. He then joined Deutsche Bank Private Wealth Management in Asia and was subsequently appointed Global Head of Product Management and Investment Services, based in London.  Prior to starting New Ground Capital, Roy led Westpac’s national Private Wealth Management business and the Business Bank for the Auckland region.

Roy has owned and operated businesses spanning hospitality, aviation, and construction. Passionate about financial literacy, Roy was a founding board member of the Westpac Massey Financial Education and Research Centre. Conservation in particular is a passion, and together with his wife, Roy owns the 400 acre Mamaku Point Conservation Reserve on Stewart Island.

As for the future of NGC, Roy is committed to completing the establishment of the Build to Rent sector in the NZ housing market, as well as continuing to grow impact investing as a viable and successful investment alternative.


  Brian Collins   Co-Founder, Director, Head of New Ground Living   brian@newground.co.nz

Brian Collins
Co-Founder, Director, Head of New Ground Living

Heading up the New Ground Living residential property management and leasing side of the business, New Ground Capital co-founder Brian has a depth of legal and financial experience which has helped drive the success of New Ground Capital to this point.

Originally from Ireland, Brian qualified as a lawyer in Ireland and New York, working with leading Irish law firm McCann FitzGerald, as well as PricewaterhouseCoopers in Dublin and London. During his early career, he specialised in commercial law, taxation and international structuring, advising leading financial institutions. He then spent several years in senior roles with Deutsche Bank in Singapore and Auckland.

Since then, he’s been co-founder of a number of successful New Zealand companies in the hospitality sector, as well as serving on the Board of Trustees of the Ireland Fund of New Zealand, which promotes cultural and educational links between Ireland and New Zealand.

Moving into the future, this avid Liverpool FC fan (who also loves a bit of rugby, golf and diving) looks forward to New Ground Living changing residential leasing in NZ for the better, becoming the landlord of choice for renters while providing investors with reliable profitable returns.


  Jonathan Holden LLB B.Com CFA   Director, Chief Operating Officer   jonathan@newground.co.nz

Jonathan Holden LLB B.Com CFA
Director, Chief Operating Officer

After nearly 20 years’ experience in banking and investment management, Jonathan joined New Ground after realising the potential to attract capital into areas of the economy which are both capital constrained and offer attractive long term investment returns.

Before joining New Ground Capital, he was Global Head of Liquidity Risk Management for Westpac Banking Corporation and Head of NZ Trading Risk Management, a role in which he

oversaw the Treasury and Financial Markets activities through a period of unprecedented turbulence and regulatory change.

Jonathan’s experience spans funds administration, wealth management, credit risk, balance sheet management and project management for organisations including Credit Suisse, Vontobel, Bank of New York, Henderson Investors, Bank of New Zealand and Westpac.

As COO, father of two Jonathan takes primary responsibility for ensuring the smooth running of all operational and regulatory compliance aspects of the business. The breadth of Jonathan’s experience, from his well-travelled and diverse career, makes him uniquely suited to this key role within NGC, and he looks forward to New Ground evolving into New Zealand’s pre-eminent alternative asset manager.

  Matt Heal   Property Director   matt@newground.co.nz

Matt Heal
Property Director

Matt leads our development management activities – making his mark on the residential market in New Zealand. He has a keen interest in creating high quality, medium-density development and communities.

He has led a significant number of major infrastructure and building projects through the planning, design, procurement and construction phases. While Operations Director at Mace Group in the UK, Matt spent over eight years working in senior roles on the largest regeneration project in Europe, the transformation of East London for the 2012 Olympic Games, which was widely received as defining best practice in a range of areas.

After returning to New Zealand, Matt joined AECOM to head their national construction services business and was also their sector lead for residential markets. In this role, he oversaw a nationwide team of Project Managers working on some of New Zealand’s largest residential, civic and commercial projects.

Now, Matt is focussed on overseeing the delivery of our existing commitments and advancing the future of Build to Rent in the New Zealand market through the development of innovative and profitable projects across the country.

  Greg Horton   Board Chair   greg.horton@hhl.co.nz

Greg Horton
Board Chair

Greg is one of the founding directors of Harmos Horton Lusk, an Auckland-based specialist corporate legal advisory firm.

In his legal practice, he specialises in M&A transactions (public and private), takeovers, corporate law, governance, strategic and board advice and also structures and advice for high net worth families.

He is a director of Fulton Hogan Limited, New Zealand Funds Management Limited, Team New Zealand Limited and Tappenden Holdings Limited, and is a trustee, director and investment committee member of a number of other entities.

  Bruce Sheppard   Non-Executive Director

Bruce Sheppard
Non-Executive Director

Bruce co-founded accounting firm Gilligan Sheppard in 1985. His longstanding advocacy on behalf of investors led to him founding the NZ Shareholders Association in 2001, which he chaired until 2010.

He was appointed to the Financial Markets Authority establishment board and was subsequently appointed an Associate Member of the FMA board. Bruce has experience in all aspects of the capital markets in NZ including the inner functioning of regulators, listed companies and market intermediaries.

He regularly lectures on investing principles, governance and economic issues, as well as participating both publicly and privately in significant policy settings. Bruce is a shareholder and\or director of a number of private companies, including New Ground Capital.

  Joy Marslin   Head of Investor Relations   joy@newground.co.nz       

Joy Marslin
Head of Investor Relations



With a passion for balancing profits with impact, Joy joined the New Ground Capital team to help discover and create new and innovative solutions.

Joy’s career within the financial services industry spans 30 years, most recently running the Westpac Private Wealth Management business. She’s also a member of various investment, risk and governance committees and is a panel member for Financial Services Complaints Ltd.

As a consultant to New Ground Capital, Joy’s focus is impact investing and investor relations. Aiming to create disruption in the financial and residential property sectors, she’s hoping to challenge the idea that profit should be the only driver in investment.

In addition to her consulting work, Joy is the Chair of KiwiSaver provider Simplicity NZ Ltd and is on the Boards of Auckland Foundation and Assistance Dogs New Zealand.

  Pierre de Weck   Senior Adviser

Pierre de Weck
Senior Adviser

Pierre has an extensive background in wealth management and private equity.  Based in Europe, he is currently a director of Bank of America Corporation and special advisor to General Atlantic Partners – a leading global growth equity investment partnership.

Pierre has held senior positions at Deutsche Bank AG including being a member of the Group Executive Committee and Global Head of Private Wealth Management. 

He was also a member of the Group Executive Board at UBS AG and CEO of UBS Capital.

He has served on the boards of directors at chemical companies Rhodia SA and Clariant International Inc and was chairman of the Supervisory Board at Sal. Oppenheim Group. 

Pierre is deeply involved in supporting contemporary art and is a passionate sailor. 

  Shamubeel Eaqub   Adviser

Shamubeel Eaqub

Shamubeel is an experienced economist who makes economics easy. He is also an author, columnist, media commentator and a thought leading public speaker.

He has over a decade of experience as an economist in Wellington, Melbourne and Auckland in leading international banks and consultancy. He is a partner at Sense Partners – a boutique economic consultancy.

He lives in Auckland with his wife and son. He grew up in Canterbury and holds a BCOM with Honours in Economics from Lincoln University.

Shamubeel has published three books: Generation Rent (2015), co-authored with Selena Eaqub; Growing Apart: Regional Prosperity in NZ (2014); and The NZ Economy: An Introduction (2011), co-authored with Dr Ralph Lattimore.