About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Friday, November 28th, 6:58PM
rss
Latest Headlines

Colonial announces changes to its New Zealand team

Colonial First State Investments is making changes to its New Zealand team following an earlier decision to operate its retail funds management business under the Sovereign brand.

Thursday, June 14th 2001, 11:25PM

Colonial First State Investments is making changes to its New Zealand team following an earlier decision to operate its retail funds management business under the Sovereign brand.

Colonial First State remains committed to New Zealand, group managing director Peter Polson says. It will be concentrating on corporate markets and providing investment management for products distributed by other arms of the Commonwealth Group in New Zealand, namely ASB Bank and Sovereign.

Polson said that Colonial First State will retain its office in Wellington to support this strategy. Colonial First State Australia chief executive Chris Cuffe, will assume executive responsibility for the New Zealand operations, with the New Zealand operations reporting through to head of distribution Michael Cant.

Polson says that the new structure is part of the wider Commonwealth Group strategy in New Zealand. This refocusing of resources better positions Colonial First State to take advantage of New Zealand market opportunities and provides a logical balance between ASB, Sovereign and Colonial First State in the retail and wholesale markets.

"We believe that New Zealand holds very good opportunities for Colonial First State's products and services. In particular this new structure will enable investors to access the international investment expertise of Colonial First State, through the well known local brands ASB and Sovereign," he says.

Colonial First State Australia head of institutional business development and client service Greg La Peyre, will head up the New Zealand office. The existing corporate marketing team will continue to have responsibility for managing existing and future corporate business on a day-to-day basis.

Over the last few years, the New Zealand business has implemented a strategy to have funds managed by the larger investment teams of the international Colonial First State Group. This has been beneficial for investors. The remaining investment functions are now to be transferred to Sydney.

Polson says that the property team will remain in New Zealand, and will now report to the head of Colonial First State international property group, Geoff McWilliam.

"The New Zealand office retains the Colonial First State New Zealand staff that have been managing our existing corporate clients in the funds management and property investment market, so clients will notice very little difference," Polson says.

« AJ takes high ground with new fundSovereign takes regulation bull by the horns »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • FMA: We don't expect many personalised DIMS authorisations
    “Basically, as from Dec 1, to be classified as a wholesale investor in terms of the FFA and FMC Act, the client will need...”
    1 day ago by AFA
  • Government-run annuity scheme proposed
    “i should add, i know it works because i was one of the million plus who have benefited from the scheme. ...”
    1 day ago by w k
  • Time to promote advice: Dodds
    “Surely the people who pay fees to the IFA would expect them to be doing this promotional stuff already rather than waiting...”
    1 day ago by R1
  • Time to promote advice: Dodds
    “Good stuff, Fred. I'm sure Robert and Murray are pleased to be confirmed as the paragons of virtue which they undoubtedly...”
    1 day ago by dcwhyte
  • Squirrel applies to become QFE
    “Ahhh, maybe I'm missing something but the quote of "Once we are QFE-d we won’t need to worry about the advice piece and...”
    1 day ago by mcdc98
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AMP Home Loans 7.24 5.69 6.19 6.55
AMP Home Loans $200k+ 7.14 5.59 6.09 6.45
AMP Home Loans LVR <80% - - 5.75 6.09
ANZ 6.74 ▼6.09 ▼6.19 ▼6.39
ANZ Special - ▼5.59 5.75 ▼5.99
ASB Bank 6.75 5.99 6.19 6.39
ASB Bank Special - ▼5.59 5.75 ▼5.85
BankDirect 6.75 5.99 6.19 6.39
BankDirect Special - ▼5.59 5.75 ▼5.85
BNZ - Classic - 5.69 5.75 -
BNZ - GlobalPlus 6.74 5.89 6.19 5.85
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 7.15 - - -
BNZ - Rapid Repay 6.74 - - -
BNZ - Std, FlyBuys 6.74 5.89 6.19 5.85
BNZ - TotalMoney 6.74 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 6.05 6.20 -
Credit Union North 6.45 - - -
Credit Union South 5.75 - - -
eMortgage 6.04 6.15 6.69 7.19
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 6.45 - - -
Lender Flt 1yr 2yr 3yr
General Finance 5.95 6.25 6.50 7.10
HBS Bank 6.65 5.69 5.74 5.99
HBS Special - 5.59 5.49 5.69
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 6.70 6.00 6.50 -
Housing NZ Corp 6.74 5.99 6.39 6.59
HSBC Premier 6.84 5.69 5.75 5.99
HSBC Premier LVR > 80% - - - -
HSBC Special - 5.39 - -
ICBC 6.75 5.99 6.39 -
Kiwibank 6.65 5.69 6.19 6.55
Lender Flt 1yr 2yr 3yr
Kiwibank - Capped 5.65 6.50 - -
Kiwibank - Offset 6.55 - - -
Kiwibank LVR > 80% - - 5.75 5.89
Liberty - - - -
Napier Building Society 5.80 6.00 6.70 -
Nelson Building Society 6.95 6.15 6.60 -
NZ Home Loans 6.85 6.09 6.40 6.65
Perpetual Trust 7.70 - - -
Resimac 6.59 6.10 6.28 6.43
SBS Bank 6.65 5.69 5.74 5.99
SBS Bank Special - 5.59 5.49 5.69
Lender Flt 1yr 2yr 3yr
Silver Fern 5.95 6.10 6.55 7.05
Sovereign 6.85 5.99 6.19 6.39
Sovereign Special - ▼5.59 5.75 ▼5.85
The Co-operative Bank 6.70 ▼5.69 5.75 ▼5.99
TSB Bank 6.74 5.95 6.19 6.30
TSB Special - - 5.79 -
Wairarapa Building Society 6.20 5.75 5.95 -
Westpac 6.59 6.09 6.39 6.65
Westpac - Capped rates - 6.74 6.99 -
Westpac - Offset 6.59 - - -
Westpac Special - - - 5.99
Median 6.70 5.99 6.19 6.34

Last updated: 28 November 2014 6:53pm

News Quiz

A well-commented on story last week mooted that many authorised financial advisers are out of their depths discussing what with their clients?

bonds

death

divorce

piles

birth control

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by PHP Developer and eyelovedesign.com