AMP Capital says as New Zealand’s largest fund manager with more than $10 billion under management, it is in a unique position in the market to attract the very best candidate to replace Krippner and a search for a successor has begun.
"Leo has made an enormous contribution to this business during the years he has worked for AMP Capital and I am sorry to see him go. He will be a great asset to the Reserve Bank," AMP Capital managing director Murray Gribben says.
Krippner is returning to the central bank to continue the research work he was involved in for his doctorate.
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