New Zealand Assets Management ‘NZAM’ Appoints New CEO

New Zealand Assets Management ‘NZAM’ Appoints New CEO

Auckland, 4 December 2013 – The principals of absolute returns, global investment management firm, New Zealand Assets Management ‘NZAM', today announced the appointment of a new chief executive, Andy Morris.

Mr Morris, a principal and shareholder who joined the company in April 2011, will take up the new role immediately and will be responsible for driving new business growth, running the business including the day-to-day operations.

Commenting on the appointment, Principal and Director Alan McChesney said the decision to, for the first time, appoint a chief executive clearly signalled to the market NZAM’s ambition to expand and enhance its operation.

“Appointing Andy was a unanimous board decision by myself and fellow principals, Greg Peacock, Richard Riddell, Greg Jones, Simon Tompkins and Dyrol Lowe and is growth-driven,” Mr McChesney said.

“It follows the personal investment by the principals this year in new Trans-Tasman equity fund manager, Castle Point.

“This is an exciting time for the company and our clients, and we believe it’s the right environment to create a new executive role,” he said. “Having Andy steer the local ship will further enhance our boutique approach, and allow the principals to concentrate on our global markets investment model.”

Mr Morris is a former Director of Westpac Institutional Bank in New Zealand, and has more than 29 years private, wealth and institutional banking experience including having worked in London, New York and Sydney.

Mr Morris said he was excited to accept the challenge laid down by his fellow principals.

“The firm’s success is rooted in its preeminent global network of fund managers, a highly personalised and long-term client relationship approach that over 22 years has delivered a rate of return to both institutional and private clients, superior to many of its peers,” he added.

“The challenge now is to build on that success,” he said.

ENDS

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