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Tower makes two senior appointments

Wednesday, June 25th 2003, 5:14PM
Tower has confirmed two senior executive New Zealand appointments.
Paul Bevin, the managing director of Tower Asset Management has been appointed chief executive, Investment Businesses for Tower New Zealand. In this role, Bevin retains responsibility for Tower Asset Management (New Zealand) and assumes responsibility for Tower Managed Funds, the group’s New Zealand retail funds management business.
He will also chair the executive board of the new asset management group in Australia which will combine Tower Asset Management Australia with some investment functions of Bridges Financial Services and Tower Trust Australia.

Bevin has successfully led Tower Asset Management since 1988. This company has a long record of leading investment performance and continues to deliver good results in difficult market conditions.
Paul Hunt, previously managing director of Tower Insurance, becomes chief executive, Insurance and Operations for Tower New Zealand. His responsibilities now include Tower Health & Life, Tower Insurance, Tower Life and the operational functions of human resources, information technology, finance, actuarial and distribution.
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