FMA boss Botherway joins ANZ Wealth

Wednesday 16th March 2011 1 Comment

ANZ New Zealand has announced the appointment of Simon Botherway as general manager, investment management, for ANZ Wealth.

ANZ Wealth managing director John Body said, "Simon is one of New Zealand's most credible and accomplished leaders of managed funds investing and will be a real asset to the ANZ Wealth team and our clients."

He said Botherway would oversee ANZ Wealth's investment strategy for wholesale and retail funds, leading an experienced investment team overseeing more than $12 billion of savings for individuals, employers, charities, local authorities and government.

"Simon's appointment further strengthens the new management team we established since forming the bank’s wealth businesses across ANZ, The National Bank and OnePath."

Body said a new era was emerging with more New Zealanders focused on saving and investing in productive assets, with KiwiSaver a key part of the new attitude.

"We are also at a crossroads in New Zealand from an investment perspective, with new capital markets regulation and a new regulator about to be launched. Simon, in his role as chairman of the Establishment Board of the Financial Markets Authority, has been closely involved in the restructuring of the regulation of capital markets," Body said.

Commenting on his appointment, effective from early May, Botherway said, "This new role at ANZ Wealth offers me new horizons. ANZ is New Zealand's largest bank and part of a regional banking group with operations in 32 markets across the Asia Pacific region. The opportunity to play a custodial role for the level of savings we manage was too good to pass up."

Comments from our readers

On 16 March 2011 at 11:22 am Doubting Dan said:

Nothing against Simon Botherway at all but surely a conflict of interest?