Super fund loses top strategist
Tore Hayward, New Zealand Superannuation Fund (NZS) head of strategy, has resigned to take up a similar position at the Accident Compensation Commission (ACC) fund.
Thursday, April 15th 2010, 9:48PM
by David Chaplin
A spokesperson confirmed Hayward would leave the $16 billion NZS this week to join the country's second largest government investment vehicle, the $10 billion ACC fund, headed by Nicholas Bagnall.
"Neil Williams [NZS head of public markets] will fill in [Hayward's] role in the interim," the spokesperson said.
Hayward joined NZS in 2006 after resigning as AMP Capital chief investment officer.
He joined AMP in 2003 as New Zealand fixed interest strategist, replacing Paul Dyer as chief investment officer (CIO) in 2004 when the latter joined the Super Fund to perform the same role.
After being dumped as NZS CIO in March 2008, Dyer briefly worked at ACC before joining the office of Finance Minister, Bill English, as chief economic adviser.
The NZS spokesperson declined to comment on any moves to seek a permanent replacement for Hayward.
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