Milford says the position has been newly created within the firm to enhance its Australian share investment capabilities as the firm continues to invest in the business in order to deliver superior returns to its clients.
Milford says this also means it now has one of the largest investment teams in the New Zealand funds management industry with an investment team of six personnel (three portfolio managers and three analysts).
Whittaker is Australian born and educated and has re-located to New Zealand to join Milford. His role is to head up the equities research function at Milford and to liaise with Brian Gaynor, who remains head of investments at Milford, to confirm research priorities. Whittaker will have a particular focus on Australian equities.
He joins Milford from Lazard Asset Management in Sydney where he has been an analyst with the company for the past seven years. He is a highly experienced professional, with over 10 years in the financial services sector in Australia and a first class honours degree in Finance from Sydney University prior to that.
Milford's managing director Anthony Quirk says the company is delighted that Milford has reversed the brain drain New Zealand is currently experiencing to Australia by appointing an Australian who has relocated to our Auckland office.
"The appointment reconfirms Milford's commitment to reinvest into its business to ensure we offer top quality investment performance and service to our existing and future clients.
"Milford has excellent people, processes and systems in place to achieve this and Marc will provide additional impetus in this area as we look to grow further after a very strong rise in our funds under management in 2010.""
Milford currently has over $650m of funds under management, a 75% rise from the same time last year.
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