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John Banks becomes chairman of Huljich

John Banks is to become executive chairman of Huljich Wealth Management and says he is looking forward to the new role.

Wednesday, October 13th 2010, 11:52AM 1 Comment

"I've been a founding shareholder and a director of the company since its inception in 2007. On 1 November, I'm able to return to a more substantial role and am very pleased to be taking on this additional responsibility."

He says Huljich Wealth Management now manages one of the largest KiwiSaver schemes in the country, with more than 90,000 members.

He says Huljich is also expanding its operations into managed funds and insurance with both areas of business offering exciting possibilities.

Brash has been the chairman of the company since the beginning, and executive chairman for the last seven months.

He took leave of absence from the board of the ANZ National Bank in order to be executive chairman of Huljich.

Banks says because the ANZ National Bank now has a wholly-owned funds management business of its own, Dr Brash feels that in returning to the board of the Bank he should step down from the board of Huljich.

"We thank him, and wish him every success," says Banks.

Huljich will appoint another director to take Dr Brash's place in due course.



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Comments from our readers

On 15 October 2010 at 9:55 am BTW said:
This is the guy who laughed off Huljich's fudging of the accounts with the witticism that he didn't realise how hard it was to pay money to people. Good luck to those who invest with this crowd. Have we learnt nothing from the finco disaster and the perils of investing money in ex-politicians who think they know how to run a business (having failed on the electoral front) - Richardson, Graham, Creech, Luxton, et al.
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