Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Senior Appointment at GMI


22 November 2012


MEDIA RELEASE

Senior Appointment at GMI


Gareth Morgan Investments (GMI) has announced the appointment of Simon O’Grady as its new Chief Investment Officer (CIO). Simon has a solid track record in wealth management, with over 12 years working for Suncorp in Australia, most recently heading Global Premia Investments, a joint venture with Tyndall prior to its acquisition by Nikko Asset Management.

Simon has been working on a consultancy basis with GMI following its acquisition by Kiwibank earlier this year.

Gareth Morgan, the company’s founder said, “I am delighted to have Simon join the business. I’ve been working with him for the past five months and have been impressed by his intellect and his understanding of what makes GMI so special.

As I move into a governance role, I had to be sure I was handing over the reins in terms of overseeing our investments and clients to the right person. Simon is that person. I’ve no doubt that he will encourage us to even greater heights.”

Stuart Bremner, Managing Director of GMI and Kiwibank General Manager of Wealth and Insurance added, “We have a talented and experienced Investment Strategy Team ably led by Susan Easton. Simon will be working with Susan and the team to develop its capabilities and the advisory services offered to private portfolio clients.”

GMI also recently announced the appointment of Dr Diana Gordon as the Senior Fixed Interest Strategist in the Investment Strategy Team. Diana is a global credit expert with over 20 years’ experience in managing fixed interest funds with global investment managers, including Saudi International and Goldman Sachs Asset Management in London and New York.

Until recently, Gareth Morgan has been a part of the Investment Strategy Team. He has relinquished that role in order to take on the chairmanship of the Investment Governance Committee, a crucial governance role that oversees investment strategy and represents the interests of all clients when it comes to the performance and integrity of the Investment Strategy Team.

Simon O’Grady profile:

Simon has extensive experience at a senior level across all asset classes, both locally and globally. This includes consulting, investment and product development, with a broad range of institutional clients and wide experience in working with boards, investment committees and trustees.

Simon is a CFA charter holder, FINSIA fellow and member of the Institute of Directors.

He started his career at ANZ and the RBNZ prior to moving to Australia where he worked for Suncorp Investment Management in a variety of investment roles. Simon returned to New Zealand when the business he headed was acquired by Nikko Asset Management.

Simon has been providing support to Kiwibank post the acquisition of GMI. Simon also manages a number of family interests in property, forestry and communications.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>

BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>


BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Housing: More House Price Gains Expected

House price expectations remain high, with a net 56% of respondents expecting house prices will increase. Fears of higher interest rates are fading, consistent with the RBNZ’s signals this year. Affordability and a lack of houses for ... More>>

TDDA: State-Of-The-Art Drug Testing Laboratory To Open In Auckland

World leading drug testing agencies, The Drug Detection Agency (TDDA) and Omega Laboratories, open New Zealand laboratory More>>

Network: Bigpipe Launches Ultra-Fast Broadband Into Wellington

Bigpipe Launches Ultra-Fast Broadband into Wellington Naked broadband provider Bigpipe has extended its national reach, announcing today, the launch of its unlimited UFB offering into Wellington. The Spark Venture business is giving Wellingtonians the ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news