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

 

Fiona Mackenzie to take up position at FNZC

NZ Super Fund head of investments Fiona Mackenzie to take up position at FNZC

By Rebecca Howard

Oct. 24 (BusinessDesk) - Fiona Mackenzie, head of external investments at the New Zealand Superannuation Fund, is leaving to take up a position as head of direct wealth for First NZ Capital.

FNZC chief executive James Lee confirmed that Mackenzie will take up the position in the new year. The Super Fund did not respond to questions.

Mackenzie joined NZSF in 2011 and was previously head of markets and strategy at NZX. Before returning to New Zealand, she worked within Morgan Stanley's institutional equities division in New York and San Francisco, and at Credit Suisse in New York as part of their e-commerce product development team.

The Super Fund was set up in 2001 to help meet the country's future pension needs. It returned 20.7 percent after costs, before New Zealand tax in the year to June 30 and finished the year valued at $35.37 billion, an annual increase of $5.27 billion.

Between 2003 and 2009, the government contributed $14.9 billion the fund but suspended payments in response to the global financial crisis. Under the previous National-led government, contributions were scheduled to restart in 2020/21.

However, the new government - led by Prime Minister-elect Jacinda Ardern - has said it will resume contributions to the fund to help safeguard the provision of universal superannuation at age 65 within the first 100 days in office.

(BusinessDesk)

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Tornado Aftermath: More Storms Forecast For New Plymouth

Up to 30 homes were damaged Monday night when a tornado roared through a New Plymouth suburb last night , cutting power lines, tearing off roofs, and toppling trees. More>>

ALSO:

Government Investment Rejig: Sustainable Food & Fibre Futures Launched

Growing New Zealand’s food and fibre sectors sustainably and supporting a thriving economy are the hallmarks of a new investment programme announced today by Agriculture Minister Damien O’Connor. More>>

Dump Levy Options: Waste Work Programme Announced

Associate Environment Minister Eugenie Sage has announced a programme of work to take action on New Zealand’s long-neglected waste problems. More>>

ALSO:

Real Estate: Foreign Buyers Ban Passes Third Reading

The Bill to put in place the Government’s policy of banning overseas buyers of existing homes has passed its third and final reading in the House. More>>

ALSO:

Nine Merger: Fairfax Slashes Value Of NZ Business

Fairfax Media Group more than halved the value of its Kiwi assets, attaching just A$40 million to mastheads that were once the core of a billion dollar investment. More>>

Collecting Scalpers: Commerce Commission To Sue Viagogo

The Commission will claim that Viagogo made false or misleading representations: • that it was an “official” seller, when it was not • that tickets were limited or about to sell out • that consumers were “guaranteed” to receive valid tickets for their event • about the price of tickets... More>>

ALSO: