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Morgan's replacement at GMI named

Gareth Morgan Investments, purchased earlier this year by Kiwibank, has appointed a chief investment officer to replace Gareth Morgan.

Friday, November 23rd 2012, 4:12PM

Gareth Morgan Investments (GMI) has appointed Simon O’Grady as its new chief investment officer (CIO). 

He has a solid track record in wealth management, with over 12 years working for Suncorp in Australia, most recently heading Global Premia Investments, a joint venture with Tyndall prior to its acquisition by Nikko Asset Management.

He has been working on a consultancy basis with GMI following its acquisition by Kiwibank earlier this year.

Company founder Gareth Morgan said, “I’ve been working with him for the past five months and have been impressed by his intellect and his understanding of what makes GMI so special.

"As I move into a governance role, I had to be sure I was handing over the reins in terms of overseeing our investments and clients to the right person.  Simon is that person.  I’ve no doubt that he will encourage us to even greater heights.”

Until recently, Morgan has been a part of the Investment Strategy Team. 

He has relinquished that role in order to take on the chairmanship of the Investment Governance Committee, a governance role that oversees investment strategy.

 

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