New structure brings finance grunt to Taurus

Thursday, April 14th 2016, 2:53PM

Christchurch financial services firm Taurus Group has restructured to emphasise the strength of its complementary services in Chartered Accountancy and Capital and Finance.

Former chief executive Wayne Bailey has moved to the role of Executive Director. The group will be led by newly appointed joint CEOs, Paul Wouters (L) and David Kitson (R).

Wouters will lead the Chartered Accountancy division while Kitson will head Capital and Finance, with a focus on strategic financial advice, property syndication and home mortgages.

Wayne Bailey takes up a leadership and advisory role for the group, while also managing specific transactions and providing clients ongoing advice and support.

Company founder Geoff Angus, the fourth member of the leadership team, will continue his involvement as a principal consultant concentrating on strategy and special projects.

Wouters says the new structure makes sense and while accounting is Taurus’ core business, clients are increasingly looking for a broader range of services:

“Accounting is an anchor for most businesses and private individuals – it needs to be solid and dependable, but after this box is ticked, a lot of people ask what’s next? This is where strategic financial solutions provide an added extra people want,” he says.

“Gone are the days when people wanted a set of accounts and that was it. People are increasingly creative and ambitious in how they manage finances for business and personal reasons, to build security and wealth, so an integrated service approach is needed.

“We help people with what they require from chartered accountancy and then add strategic financial advice to help them secure their financial futures."

Kitson says Taurus’s integrated approach gives people the ability to use what they have now to look ahead to meet both business and personal goals.

“People always look at how they can make their money work better, especially now bank rates are so low and fixed long term deposits are unattractive,” he says.

Taurus has evolved into an integrated practice with a team of 40 at its head office in Christchurch, working with clients and investors nationwide. It works with some of the most well-known businesses and brands in Canterbury and currently manages around $100m of commercial and industrial property assets. It also offers specialist Trust consultancy and the group includes a project management company, Optimum Projects.

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