Carmel Fisher swims off to retirement

Fisher Funds founder Carmel Fisher is retiring from the boards of three listed investment trusts.

Wednesday, April 21st 2021, 5:24PM 1 Comment

Fisher is retiring from the boards of NZX-listed companies, Kingfish, Barramundi and Marlin.

She has been a director of Kingfish for 17 years, spent 15 years on the Barramundi board and 14 years as a director of Marlin Globa.

Fisher intends to retire from all three boards, effective from August 6 (immediately following the Kingfish 2021 annual’ meeting).

“I am very proud to have launched and overseen the management of Kingfish, Barramundi and Marlin, three listed investment companies that have provided a competitive and consistent total return for shareholders over many years," she says in a statement to the NZX.

"It has been my privilege to work with an outstanding team of people, both at the manager, Fisher Funds, and with my fellow directors. Kingfish, Barramundi and Marlin do not rely on individuals, rather they achieve their long-term success through a balance of structure, people and culture. While I have decided that it is time for me to move on after many years of direct involvement, I have full confidence in the board and manager and look forward to enjoying their continued success as a significant shareholder in all three companies.”

Chairman of all three boards, Alistair Ryan, said “Carmel’s leadership, inspiration, strong oversight, and wealth of experience, as one of New Zealand’s pre-eminent investment professionals, will be sorely missed by all involved in and invested in the three companies.

"Carmel’s departure will leave a significant gap to be filled in our board dynamic, but we are confident that a seamless transition can be achieved in the time available prior to Carmel’s retirement in August and that a highly suitable replacement will be able to be recruited ahead of this year’s sequence of annual meetings."

Tags: Fisher Funds