Super Fund Guardians gets a new chair
The chairman of the Guardians of the NZ Superannuation fund, David May, has been succeeded by a man with considerable funds management experience.
Friday, September 21st 2012, 1:42PM
Gavin Walker, who currently chairs ASB Bank, has been appointed chairman of the Guardians of New Zealand Superannuation, the Crown Entity which manages the New Zealand Superannuation Fund.
He succeeds David May, who has chaired the Guardians since inception in 2002.
Walker also chairs Sovereign Insurance, CommSec, the Kirin International Advisory Board and the Ultra-Fast Broadband Steering Committee. He has extensive experience in the funds management industry, including as chief executive of Bankers Trust in both New Zealand and Australia. He is a past chairman of the Foreign Direct Investment Advisory Board and a past director of BT Investment Management Limited, Southern Cross Building Society and Goodman Fielder.
Existing Guardians board member, and former AMP Capital managing director, Catherine Savage has been appointed deputy chairman.
The Guardians have appointed David Sara to the position of General Manager Operations, responsible for IT, portfolio risk and compliance, and investment operations. Sara, who joined the Guardians in 2009 as Head of Corporate Strategy, has substantial experience in financial services, including as Head of Strategy with UK-based Platform Home Loans, Head of Venture Development for Lloyds Banking Group and Manager of Strategic Planning for the National Bank of New Zealand.
Mark Fennell, formerly General Manager Operations, has been appointed General Manager Portfolio Completion. In this role he will manage the fund’s treasury activities and portfolio investments. Prior to joining the Guardians in 2007, Fennell was company secretary and treasurer at The Warehouse.
Neil Williams, formerly general manager asset allocation, has been appointed Chief Investment Advisor and Head of Strategic Tilting. Williams joined the Guardians in 2008 from UBS Global Asset Management in London where he was Global Head of Asset Allocation and a Managing Director in Global Investment Solutions. He was previously Chief Global Strategist, Executive Director for Goldman Sachs International (London).
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