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

 

Budget Policy Statement: Spending Wins Over Tax Cuts; Big Ticket Items Get Boost

Income tax cuts are on hold as the government says “responding to the earthquakes and reducing debt are currently of higher priority”, although election year tax sweeteners remain possible. More>>

ALSO:

Fishy: Is Whitebaiting Sustainable?

The whitebait fry - considered a delicacy by many - are the juveniles of five species of galaxiid, four of which are considered threatened or declining. The SMC asked freshwater experts for their views on the sustainability of the whitebait fishery and whether we're doing enough to monitor the five species of galaxiid that make up whitebait. More>>

ALSO:

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news