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

 

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

NASA, NOAA: Find 2014 Warmest Year In Modern Record

Since 1880, Earth’s average surface temperature has warmed by about 1.4 degrees Fahrenheit (0.8 degrees Celsius), a trend that is largely driven by the increase in carbon dioxide and other human emissions into the planet’s atmosphere. The majority of that warming has occurred in the past three decades. More>>

ALSO:

Scoop Business: New Zealand’s Reserve Bank Named Central Bank Of The Year

The Reserve Bank of New Zealand’s efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global central banking practice. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news