Sharechat Logo

NZ Super Fund's Matt Whineray to be acting CEO from mid-March

Thursday 15th February 2018

Text too small?

New Zealand Superannuation Fund chief investment officer Matt Whineray will take over as acting chief executive when Adrian Orr leaves to take up his new role as governor of the Reserve Bank in March.

Last month, the fund said it aimed to replace Orr by mid-May and issued a tender document to find a recruitment agency to find that person. Applications for the recruitment job "are still being reviewed", before a global search kicks off in an appointment process expected to "take a number of months", it said.   

Whineray will start the acting CEO role from mid-March and general manager portfolio completion Mark Fennell will become acting chief investment officer for the duration of the recruitment process.

The new chief executive will oversee the $37.9 billion fund, which has had an annual 10.5 percent average annual rate of return since inception, before tax and after costs, and a workforce of approximately 140 people, including 55 investment professionals. While 86 percent of the fund is invested globally, it has $5 billion invested in New Zealand. 

Orr's total pay package was $1.22 million in the 2017 June year, up from $1.06 million in 2016. 

(BusinessDesk)

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

MARKET CLOSE: NZ shares at record as Skycity, Fisher & Paykel Health rally
NZ dollar edges lower as ANZ Bank sees heightened chance for rate cut
Bathurst ordered to pay L&M US$40M, plans appeal
Taranaki block offer timetable slips
Animates joint owner Greencross continues push into NZ
Countdown sees faster price deflation in 4th qtr; online shopping boosts FY sales
Nib NZ's earnings +3.8% as it focuses on innovation but NZ, Aus outlook muted
NZ pipfruit industry heading for a record 2018 crop, MyFarm says
Z Energy to raise up to $125M in bond offer to refinance recent maturity
Lack of FMA oversight lets investigations drag on, NZSA chair Hawkins says

IRG See IRG research reports