Waikato Business News | November 1, 2023
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NOVEMBER <strong>2023</strong><br />
A<br />
12-year-old from Te Awamutu<br />
who invented an educational card<br />
game has picked up the Te Pūkenga<br />
Company of the Year at the <strong>Waikato</strong><br />
regional Young Enterprise Awards.<br />
Jacob Chetwin attends Te Awamutu<br />
College.<br />
The year-12 students’ game is designed to<br />
teach year 7 and 8 students about business<br />
concepts and financial literacy.<br />
The strategic game consists of 75-card<br />
deck and has been played by over 700<br />
students across the <strong>Waikato</strong>.<br />
Jacob plans to continue developing and<br />
WAIKATO BUSINESS NEWS 5<br />
Jacob plays his cards right<br />
Martin Brock presented Jacob Chetwin, with his certificate.<br />
expanding his business, called Liquidation,<br />
into 2024.<br />
He will compete at the Lion Foundation<br />
sponsored Young Enterprise National<br />
Awards in Wellington on December 4.<br />
More than 250 Year 12 and 13 students<br />
participated in Young Enterprise Scheme<br />
in <strong>2023</strong>, setting up and operating their<br />
own businesses, creating, promoting, and<br />
selling a product or service, conducting<br />
market research, planning, budgeting,<br />
managing risk and turning problems into<br />
opportunities.<br />
The annual event aims to provide young<br />
people with opportunities to develop an<br />
entrepreneurial mindset.<br />
Results from the regional<br />
awards night:<br />
Foster Construction’s Runner Up<br />
– Reusaballs, Sacred Heart Girls<br />
College (Hamilton), <strong>Waikato</strong> Chamber<br />
of Commerce’s Excellence in Financial<br />
Management Award – UniquelyMe, Sacred<br />
Heart Girls College (Hamilton), EMA’s<br />
Excellence in Production Award – Down<br />
to Earth, Hamilton Boys High School,<br />
<strong>Waikato</strong> Pacific <strong>Business</strong> Network’s Pasifika<br />
Enterprise Award – Doughnas, Sacred<br />
Heart Girls’ College (Hamilton), <strong>Waikato</strong><br />
<strong>Business</strong> <strong>News</strong>’ Excellence in Promotion<br />
and Marketing Award – Cheeky Chocolates,<br />
Fraser High School, CAL Isuzu’s Excellence<br />
in Innovation Award – Tyred Dogz, Hauraki<br />
Plains College, The University of <strong>Waikato</strong>’s<br />
Excellence in Leadership Award – Anna<br />
Hart, Hauraki Plains College, Excellence<br />
in Sales - Bubble No Trouble, <strong>Waikato</strong><br />
Diocesan School for Girls, Best Trade Fair<br />
Presence – Reusaballs, Sacred Heart Girls<br />
College (Hamilton), E x c e l l e n c e<br />
in Sustainability Award – Sprowt, St<br />
Peters Cambridge, Best Annual Review –<br />
Play Kāri, <strong>Waikato</strong> Diocesan School for<br />
Girls, Commitment to <strong>Business</strong> Award –<br />
Liquidation, Te Awamutu College.<br />
Grayson Clements associate thrives<br />
on simplifying the complex for clients<br />
Banking<br />
by degrees<br />
<strong>Waikato</strong> University has introduced the<br />
country’s first Bachelor of Banking, Finance &<br />
Technology.<br />
<strong>Waikato</strong> Management School pro vice<br />
chancellor Matt Bolger said employers say they<br />
will increasingly need people who can thrive in<br />
both finance and technology:<br />
“The world of finance runs on digital<br />
technology. From investment platforms<br />
and digital currencies to the way we make<br />
payments, nothing happens without digital.<br />
Yet no undergraduate degree in New Zealand<br />
currently recognises the need for these dual<br />
competencies.”<br />
“The BBFinTech will fill this critical skills<br />
gap. Graduates will help businesses continue<br />
to innovate and evolve - whether they are a<br />
local Kiwi champion or a Silicon Valley startup.”<br />
A 2022 Fintech Insights report found that<br />
200 New Zealand tech companies generated<br />
an export revenue of $1.8 billion that year.<br />
The Reserve Bank of New Zealand’s<br />
investigation into digital currencies also signals<br />
an even more cashless future, according to<br />
Bolger.<br />
Shane Marsh, founder of fintech innovator<br />
Dosh and University of <strong>Waikato</strong> alumni, said<br />
they will require more skilled people<br />
He says this sector has a range of opportunities<br />
and that regulation will be especially critical.<br />
“There is a real need for people with fintech<br />
skills who can help shape the future of financial<br />
services. We need people who understand how<br />
open banking, digital currencies and emerging<br />
technology will define the future solutions we<br />
want in New Zealand and overseas.”<br />
The BBFinTech degree will arm students<br />
with expertise in financial markets,<br />
investment platforms, digital finance, banking<br />
operations, automated trading, blockchains,<br />
cryptocurrencies, cyber security, and more.<br />
ADVERTORIAL<br />
Grayson Clements’ Associate Lawyer, Philip McHugh, thrives<br />
on complexity and the challenge of navigating uncertainties.<br />
What sets<br />
him apart,<br />
however, is<br />
his ability<br />
to put the individual, his<br />
client, at the center of<br />
the issue and develop<br />
bespoke legal solutions<br />
to protect them, their<br />
interests, and their<br />
families.<br />
Philip was recently<br />
promoted from lawyer<br />
to associate at Grayson<br />
Clements, a law firm<br />
based at Hamilton’s<br />
Innovation Park. The firm<br />
was established in 2008<br />
by directors Michael<br />
Grayson and Andrew<br />
Clements with the desire<br />
to grow a firm that was<br />
“a little bit different” in<br />
its value-driven, clientcentric<br />
approach. It<br />
now employs 26 legal<br />
professionals across a<br />
wide range of areas.<br />
Philip’s love of<br />
learning is clear, and<br />
it’s an approach that<br />
he carries into his<br />
interactions with clients.<br />
He has a Bachelor<br />
of Arts, majoring in<br />
philosophy and political<br />
science, another<br />
Bachelor of Arts,<br />
majoring in history<br />
and religious studies<br />
and a Bachelor of<br />
Arts with Honours in<br />
Religious Studies from<br />
Victoria University in<br />
Wellington. After forging<br />
a successful career<br />
in retail, including a<br />
stint in the complaints<br />
department for a small<br />
ship cruise line in<br />
London, Philip went back<br />
to university to study law<br />
in 2015, graduating with<br />
a Bachelor of Laws with<br />
Honours in 2018.<br />
He has been<br />
practicing as a solicitor<br />
since then, reaching<br />
associate level after<br />
only four years of his<br />
admission to the bar.<br />
He is also passionate<br />
about developments in<br />
emerging technologies,<br />
including blockchain,<br />
encryption, and AI and<br />
the developing legal<br />
framework to regulate it.<br />
At his best in complex<br />
situations, Philip is<br />
When I’m working<br />
with a client, I start<br />
by getting to know<br />
them, what drives<br />
them, what their<br />
internal motivators<br />
are. By knowing<br />
this, and building a<br />
great relationship,<br />
we can come to a<br />
legal solution that<br />
best suits their<br />
needs and can<br />
grow as they grow.<br />
passionate about helping<br />
his clients achieve their<br />
goals with simple legal<br />
solutions.<br />
“Just because your<br />
life is complex, doesn’t<br />
mean your legal<br />
structure has to be,” he<br />
says.<br />
It’s no surprise then<br />
that Philip thrives on<br />
making his clients feel<br />
comfortable with their<br />
legal structures and<br />
explaining complex legal<br />
terms in plain language.<br />
His specialty is in helping<br />
individual and corporate<br />
clients structure their<br />
relationships with<br />
deeds, agreements and<br />
other documentation,<br />
and he has a particular<br />
interest in the interplay<br />
of legal persons<br />
(companies, trusts,<br />
Limited Partnerships,<br />
etc) to protect, preserve<br />
and commercialise his<br />
Philip McHugh<br />
clients’ potential.<br />
“As a lawyer, I love<br />
exploring the ‘what if’<br />
scenarios with clients,<br />
going down rabbit<br />
holes and getting<br />
to the heart of a<br />
situation and exploring<br />
the opportunities<br />
from there. It’s really<br />
satisfying when you’ve<br />
explored all the options<br />
available and come to a<br />
solution that is beneficial<br />
for the client, not just in<br />
protecting their assets,<br />
but also in knowing you<br />
have looked at every<br />
possibility and come to<br />
the best solution based<br />
Grayson Clements – Design, Deliver, Protect<br />
Grayson Clements was established in 2008 by lawyers Michael Grayson and<br />
Andrew Clements, who both had a desire to grow a firm that focused on designing<br />
solutions, delivering results and protecting people. Their work and reputation have<br />
gained traction and their client base has grown organically to a point where they<br />
now have a team of 26 staff across a range of practice areas.<br />
on their needs.<br />
“I’m particularly<br />
interested in the<br />
technology space as<br />
it relates to the law,<br />
especially as so much of<br />
it has not been legislated<br />
and there’s no right<br />
answer. There’s a huge<br />
amount of work to be<br />
done in that space and<br />
that can only come<br />
through us, as legal<br />
professionals, learning<br />
more and doing more<br />
work in the field to<br />
establish some best<br />
practices.”