Former ANZ executive Fred Ohlsson has stepped down as managing director of Amplifi Group, to take up a new role outside of the fund and wealth management sector.
Amplifi was created two years ago as the parent company of Mint Asset Management and with the goal of creating "New Zealand’s pre-eminent independent wealth management group of companies."
"Amplifi Group will provide New Zealand individuals and organisations access to high-value services and best-of-breed investment products. The group, which houses Mint Asset Management, will continue to grow organically and through acquisitions," the company said at its formation.
During his time at Amplifi Ohlsson has started building an independent wealth management business, Sage Wealth Management.
It initially acquired Nelson-based Totara Wealth Management and last year bought Prosperity Partners.
The company says in a statement it will "maintain its focus on organically growing Sage through future acquisitions of independent adviser businesses that fit strategically within the group."
Mint remains the core priority of the group. it has invested "significant resources and capability" in its investment team and proposition over the past two years, with the most recent being the recruitment of Matthew Hanchet as Head of Retail Distribution, who replaced David Boyle.
Mint founder and chief executive Rebecca Thomas will now lead the wealth management side of the business under Amplifi as well as being Mint CEO.
Long-time chief operating officer Simon Haworth has been promoted to general manager of Mint to support Thomas’s leadership of the business.
“Fred has been instrumental to the initial formation of the Amplifi Group, and we are grateful for all his contributions and wish him every success in his new role,” Thomas says.
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