Sharechat Logo

Tower signals its Australian focus

Friday 20th October 2000

Text too small?

Tower is beginning to move more key staff to Sydney as it beefs up its presence in the Australian market.

The precursor to the gradual shift of focus over the Tasman was the decision earlier this year to merge Tower Asset Management's Australian and New Zealand operations. Arising from that decision, Craig Turnbull, based in Sydney, has been appointed chief investment officer at Tower Asset Management.

He remains responsible for global equities, which are outsourced to a range of managers. His deputy at Tower Asset Management is fixed interest manager Tony Hildyard. Wellington-based Greg Whitten will lead a transtasman business development team while continuing to oversee direct property investments in both countries.

Wayne Stechman is in charge of New Zealand equities and Albert Hung takes responsibility for Australian equities. Paul Bevin remains managing director. Former investment strategist Tore Hayward is leaving.

- Chris Hutching

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
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:

Napier Port plans mid-July share offer
NZ dollar firms after RBNZ holds rates; eyes on China-US trade talks
Banks, insurers should expect more intrusive RBNZ - Bascand
McConnell to pay $1.1M: used Hawkins' insolvency as a weapon - judge
Hipkins seeks joined-up thinking across state bureaucracy
Economists now expect August rate cut from RBNZ
RBNZ keeps OCR at 1.5%, signals more easing likely
UPDATE: Fletcher shares gain on $300 mln buyback
IMF favours gradual bank capital hike
Fonterra says full-season milk collection up 1.2%

IRG See IRG research reports