|        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Thursday, July 18th, 9:54AM



The fallout at QuayStreet starts

As many predicted portfolio managers at Quay Street Asset Management are leaving after the business was acquired by NZX-owned Smartshares.

Friday, January 27th 2023, 3:22PM

It has been reported that both Andrew South and Roy Cross are leaving QuayStreet at the end of March.

Both are portfolio managers with South looking after the equities fund and Cross the income fund. South has also been the the firms chief investment officer.

Also, both managers had worked together for many years including at Brook Asset Management.

Many were surprised when late last year passive fund manager Smartshares acquired the actively managed QuayStreet business. 

The departures are interesting as under the Quay Street model it prefers to operate portfolios with managers in a sole-charge capacity, meaning each was had ultimate accountability for their funds.

Under the deal the transition of the team was due to be completed by February 23.

Good Returns understands the CIO role will be taken over by Stuart Millar. While Millar has been Smartshare's CIO he has a long track record in managing active fund managers, previously at ANZ. Ross Hunt is expected to become portfolio manager for the income fund.

Added to the changes, NZX chief executive Hugh Stevens announced this week he was leaving the firm too.


« Smartshares CEO steps downBotica to depart FMA »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment



Printable version  


Email to a friend


Tuesday, July 23rd 2024
Brightstar 20th Annual Financial Markets Law conference

Tuesday, July 23rd 2024
Quotemonster Roadshow 2024 - Taupo

Tuesday, July 23rd 2024
Financial Advice New Zealand Connect Tour - Dunedin

Wednesday, July 24th 2024
Quotemonster 2024 - Tauranga

Wednesday, July 24th 2024
Financial Advice New Zealand Connect Tour - Christchurch

Thursday, July 25th 2024
Quotemonster 2024 - Hamilton

Thursday, July 25th 2024
Financial Advice New Zealand Connect Tour - Palmerston North

Tuesday, July 30th 2024
Quotemonster 2024 - Auckland West

Wednesday, July 31st 2024
Quotemonster 2024 - Christchurch

Thursday, August 1st 2024
Quotemonster 2024 - Invercargill


News Bites
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
Site by Web Developer and