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NZ Funds CEO stepping down

Friday 16th of March 2018

He has been with the firm for 25 years and has been leading it for the past nine years. The firm has $1.1 billion in funds under management and another $450 million under advice.

James tells Good Returns that it's time for a change as the company moves into a new phase of its growth.

"I have been very fortunate to have been able to realise that goal of leading NZ Funds, becoming chief executive in 2009 and having had the last 9 years at the helm, surrounded by a very talented team who also happen to be really good human beings.

"I have also felt quite lucky to be able to choose myself when to step aside, rather than to have that decision imposed upon me, as many others in my position seem to!"

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Paul Flood: The danger is that the 'goalposts' (regarding what is acceptable or unacceptable adviser conduct) may be susceptible to change. Our 'Principles based' legal/regulatory environment lends itself to “prevalence-induced concept change” over time, perhaps not so much in the written laws and Code, as in the interpretation of the prescribed principles.
2 days ago Steve Wright
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Just a tip, if you use more than six, six letter words in a sentence you lose most Kiwi's. So avoid client/adviser confusion when writing your post or article if you would like it read and understood. Ironically, my last sentence was not likely read.
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FMA outlines its latest expectations for advisers
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4 days ago Jon-Paul Hale
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To correct errors in my previous post: "policies, templates, and controls" should read "policies, processes, systems and controls", and "is more conductive" should read "is more conducive".
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