Ex MP named as new Fisher Funds chief executive
Former banking executive, National Party minister and and TVNZ chief executive Simon Power, will become Fisher Funds Management CEO next year.
McLachlan has spent nearly seven years as CEO and has a 43-year career in the financial services industry overall, having started as an intern at the Reserve Bank.
Power was most recently CEO at TVNZ, and prior to that spent 10 years at Westpac NZ, including as acting CEO. He was the Minister of Commerce, Justice, State-Owned Enterprises, Consumer Affairs and Associate Minister of Finance under former Prime Minister Sir John Key.
Fisher Funds chairman, David Clarke, says, “McLachin has made a significant contribution to the firm. He was the first non-founder CEO of the company, and under his leadership, Fisher Funds has grown to be the second-largest KiwiSaver provider. He has also oversaw the acquisition of Kiwi Wealth last year.
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