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Magellan puts a man on the ground in NZ

Magellan Asset Management has opened an office in Auckland and appointed a local representative.

Thursday, September 15th 2011, 3:19PM

Specialist fund manager Magellan Asset Management has hired Parry Morarji as New Zealand national key account manager, with responsibility for managing relationships with key financial planners, platforms, institutional and high net worth clients.

Morarji was previously at BT Funds Management for 14 years in numerous senior funds management roles.

Magellan chief executive Hamish Douglass said the appointment is critical to the company's long-term growth plans.

"Both global asset consultants and prospective investors have given us encouraging feedback for our global equity and global infrastructure capabilities and we want to ensure we demonstrate our commitment to servicing the New Zealand market."

Magellan also has offices in Sydney, Melbourne, and Brisbane and recently announced that it would distribute its global equity and global infrastructure capabilities to institutional clients in the United States and Canada through its alliance with Chicago-based Frontier Partners Inc.

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