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

 

Murray & Co acquires Rose Capital

Murray & Co acquires Rose Capital

Christchurch-based merchant bank Murray & Co has acquired Rose Capital Management Ltd, the Queenstown-based private wealth management business.
Established in 2001, Rose Capital caters for the investment and portfolio management requirements of a group of charitable trusts, wealthy families and individuals throughout New Zealand, but particularly in the burgeoning Central Lakes region.

Managing Principal, Matthew Rose, said that Murray & Co is a natural fit for his clients.

“My decision to join Murray & Co reflects the mutual respect and shared values between Rose Capital and Murray & Co based on a long-standing professional relationship. It also reflects my insistence on providing my clients with best practice investment services within New Zealand’s evolving and rigorous regulatory environment.”

Rose has an extensive track record in financial markets, having commenced his career as a sharebroker in 1984. Prior to establishing Rose Capital, Rose was Managing Principal of the New Zealand branch of US investment bank, Merrill Lynch.

Rose will join Murray & Co as a director in the Wealth Management team and will be based in its Christchurch office, but Murray & Co will retain Rose Capital’s Queenstown office as a platform for further growth in that region and Rose will visit regularly.

Founded in 2004, Murray & Co has built a reputation as a trusted adviser and successful investment manager for a range of New Zealand families and institutions. It provides expert financial and investment services.

Managing Director, Justin Murray, said he views the Central Lakes as a critical region for Murray & Co’s growth and that this transaction is another important step towards the firm’s objective of becoming the South Island’s leading wealth management firm.

“We are delighted to welcome an investment professional of Matthew’s experience and calibre to our firm. Our focus on long-term advisory relationships is well suited to Rose Capital’s clients and we look forward to taking care of their future wealth management requirements.”

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO:

Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>

ALSO:

Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>

ALSO: