Brook Secures Experienced Investment Manager

Brook Secures Highly Experienced Investment Manager

Andrew South to rejoin the Brook Asset Management investment team

4 June 2010: Brook Asset Management today announced that Andrew South will rejoin the business to manage its highly successful portfolios.

Having worked within the Brook business for four years, from 2004 to 2008, Mr South already has significant experience in managing Brook’s funds and, importantly, in following its well established and proven investment philosophy.

Mr South brings significant industry knowledge and expertise into the team, gained over many years of working within the New Zealand investment market.

With a continued focus on putting clients’ interests at the forefront, Brook is delighted to have secured an investment manager with Mr South’s talent and experience, to ensure that the business can continue to invest clients’ funds to the same high standard they are used to.

Brook Managing Director, Mark Brighouse, said the business was fortunate to be able to select from a pool of motivated and experienced candidates.

“The New Zealand funds management industry may be small compared to other markets, but it is rich with talented and experienced investment managers who know Australian and New Zealand stocks well.

“We are delighted that Andrew is rejoining the business and brings with him knowledge of Brook’s process and philosophy, and financial markets generally.

“Importantly, with his experience Andrew will be able to transition easily back into the team and with our strong proprietary investment process to follow, we know this transition will be as seamless as we have seen in past, without any impact on our clients.

“Our clients are our major focus and we believe this appointment will ensure that their investments will remain very well looked after into the future.”

Mr South said that returning to Brook presented a fantastic opportunity to rejoin a business that has one of the best reputations in the New Zealand industry

“Brook has a long standing track record in the industry with very well established funds, a solid reputation among its clients and, importantly, a proven investment philosophy.

“I’m looking forward to working closely with Mark and the team, along with the clients, to continue Brook’s success into the future.”

Mr South will be joining the team during coming weeks, to ensure a smooth transition with departing employees.

ENDS

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