Company Structure
MyState Limited (MYS), a non-operating holding company, is a diversified financial services group listed on the ASX and provides a broad range of financial products and services to its customers through three wholly-owned subsidiaries MyState (MSF), The Rock Building Society (The Rock) – the authorised deposit-taking institutions and Tasmanian Perpetual Trustees (TPT) – the trustee and wealth management company.
Regulatory framework
MyState Limited, MSF and The Rock are regulated by APRA and MyState Limited was enabled under Tasmanian legislation to own an authorised trustee company, i.e. TPT. TPT continues to be regulated by APRA as a registered superannuation entity (RSE). MyState Financial, The Rock and TPT hold Australian Financial Services Licences issued by ASIC.
Operational structure
MSF, The Rock and TPT operate as separate subsidiaries.
Mr John Gilbert was appointed Managing Director of MyState Limited on 10 December 2009.
The MyState Limited executive management structure shares responsibility for common operational areas across all subsidiaries and was designed to deliver ‘one team’ efficiencies in areas of shared services while preserving the core elements for marketplace delivery of separate brands.
Headquartered in Tasmania, its diverse business operations cover:
| Banking Services | Trustee Services | Wealth Management |
|---|---|---|
|
|
|
