by Jenha White
Milford Asset Management has created a new managing director position which has been taken up by Anthony Quirk.
The position has been created within the firm as Milford positions its business for the current, and expected, strong growth in its funds under management.
Quirk has more than 25 years experience in the investment industry and joined Milford in 2007. As managing director he will have overall responsibility for the company's business activities.
Milford chairman Richard Somerville says the company is delighted at Quirk's appointment as he brings considerable experience to the role, including successfully growing funds management businesses, and has made a strong contribution to Milford in many areas.
"The appointment reconfirms Milford's commitment to reinvest into its business to ensure we offer top quartile investment performance and excellent service to our clients.
"Milford has excellent people, processes and systems in place to achieve this and Anthony will provide additional impetus as we look to grow further after a very strong rise in our funds under management over the past year."
Prior to joining Milford in 2007 Quirk was managing director at Tyndall Investment Management which had $3.6 billion under management at the time of his departure. He was also appointed general manager of ANZ Funds Management in 1993 and helped grow the funds under management from $400 million to more than $2 billion at the time he left in early 2000.
Quirk has also been INFINZ Fund Manager of the Year in both 2005 and 2006. He is a Fellow of the Institute of Financial Professionals New Zealand and is a current board member of that organisation.
Milford Asset Management currently has over $560m of funds under management, up more than 130% from the same time last year.
Jenha is a TPL staff reporter. jenha@tarawera.co.nz
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