ABN AMRO Craigs has a number of subsidiaries all established to better meet the needs of our clients.
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ABN AMRO Craigs has established the following subsidiaries in order to meet our clients’ broad range of investing requirements:

Custodial Services Limited

  • Although Custodial Services Limited (Custodial Services) is a wholly-owned subsidiary of ABN AMRO Craigs, the company has its own board of directors and maintains a fully independent status.

Custodial Services provides a custodian service to ABN AMRO Craigs clients who select the Managed Portfolio Service or Investment Administration Service, as well as a number of clients independent of ABN AMRO Craigs.

In its role as custodian, Custodial Services acts as a bare trustee, that is, the company holds investments in trust for the client’s absolute benefit and at their complete disposal. Custodial Services does not “own” any of the securities they hold – even though those securities may be held in Custodial Services' name. The client always remains the beneficial owner of their investments.

All administration of the client’s portfolio is taken care of along with the associated paperwork, and the client receives regular reporting on the activity within their portfolio.

CMT Management Limited

  • CMT Management Limited, a wholly-owned subsidiary of ABN AMRO Craigs, manages ABN AMRO Craigs Cash Management Trust Limited - a special purpose company established for accepting on-call and term deposits from clients through the ABN AMRO Craigs Cash Management Account.

ABN AMRO Craigs Cash Management Trust Limited commenced trading in 1996 when it accepted New Zealand dollar deposits and made investments with the funds deposited. From July 1999, the company also accepted deposits in specified foreign currencies. Today, the ABN AMRO Craigs Cash Management Account is one of the largest in New Zealand with client funds in excess of $600 million.

ABN AMRO Craigs Investment Management Limited

  • ABN AMRO Craigs Investment Management Limited (AACIML), a wholly-owned subsidiary of ABN AMRO Craigs, was formed in August 2007 to develop and manage the range of AACIML Defined Portfolios, a range of funds that are available to mySTART, kiwiSTART and superSTART clients, as well as direct investors.

AACIML has its own board of directors and is the Manager and administrator of the unit trusts. It is also responsible for the management of the investment assets, including the appointment of investment managers.