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Gaynor steps aside at Milford

Executive director Brian Gaynor has announced he will be handing over his portfolio manager duties while revealing a host of key changes among Milford's portfolio managers.

Thursday, February 16th 2017, 2:57PM 1 Comment

In a letter addressed to investors, Gaynor announced he will be stepping away from his portfolio manager duties to focus on his role as head of investments and chairman of investment meetings, effective April 1.

Gaynor said he “will continue to be responsible for the ongoing development of our investment team and will maintain oversight of all of Milford’s funds”.

Several other changes were also announced, effective April 1.

Jonathan Windust will manage The Active Growth funds (Unit Trust and KiwiSaver) with William Curtayne as co-manager. Windust has been Milford’s Diversified Income Fund and Milford’s Balanced funds (Unit Trust and KiwiSaver) portfolio manager since 2010.

Windust will also continue his involvement in the Diversified Income Fund as Co-Manager while David Lewis will become Lead Portfolio Manager.

Lewis has been the co-manager of the Diversified Income Fund for the past 12 months and has been responsible for managing a portion of the Fund for the last three years.

He has also been Portfolio Manager of Milford’s Trans-Tasman Bond Wholesale Fund since 2013 and the Conservative funds (Unit Trust and KiwiSaver) since 2015.

Sam Trethewey will take over as portfolio manager of the NZ Equities Wholesale Fund and Portfolio Manager of the Trans-Tasman Fund with Wayne Gentle, who is the current Portfolio Manager of the Australian equities portion of the Fund.

Trethewey has been co-manager of the NZ Equities Wholesale Fund and the Trans-Tasman Fund for the last two years.

Milford’s senior dealer, Mark Riggall will become portfolio manager responsible for the asset allocation of the Balanced funds (Unit Trust and KiwiSaver) with Paul Morris as co-manager.

Morris will also become portfolio manager of the Conservative funds (Unit Trust and KiwiSaver) and Mark Riggall will be his co-manager.

Milford's investment team has grown to 18 investment professionals, including six in its Sydney office.

Gaynor signed off by saying there would be no changes to the oversight of the Milford investment team. Jonathan Windust and David Lewis will remain joint Deputy Heads of Investments.

Tags: Asset Finance managed funds

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On 16 February 2017 at 4:35 pm Pragmatic said:
"Retirement" by another name

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