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

 

Scoop Business: NZ Dollar Catches Breath After "Goldilocks" Slump

The New Zealand dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market last month and PM John Key suggested a “Goldilocks” level far lower than at present. More>>

ALSO:

Biosecurity: Kiwifruit Claim To Hold Officials Accountable For Psa

Kiwifruit growers have joined forces to hold Biosecurity NZ accountable in the courts for its negligence in allowing 2010’s Psa outbreak that devastated New Zealand’s kiwifruit industry and exports. Foundation claimants representing well ... More>>

ALSO:

Poison: Anglers Advised Not To Eat Trout In 1080 Areas

With the fishing season opening in just a few days (1 October 2014), anglers are being warned by the Department of Conservation(DOC) not to eat trout from pristine backcountry waters and their downstream catchments, where the department is conducting 1080 poisoning operations. More>>.

ALSO:

Quotas: MPI Swoop On Suspected Fraudulent Fishing Activity

Ministry for Primary Industries (MPI) compliance officers swooped on a Hawkes Bay fishing enterprise today to secure evidence in an investigation into suspected fraudulent activity... “The investigation involves activity throughout the commercial supply chain – catching, landing, processing and exporting.” More>>

ALSO:

Scoop Business: Fonterra Slashes 2015 Milk Payout, Earnings Tumble 76%

Fonterra Cooperative Group cut its forecast 2015 milk price payout by about 12 percent, citing weaker global dairy prices and said there is a risk of further declines given strong global milk production. More>>

ALSO:

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news