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:

NZ dollar rises as US-China trade, Brexit tensions ease
SkyCity shares hit 7-week low as fire encapsulates convention centre
Wrightson showcases Fruitfed Supplies as horticulture stands out
Fonterra rivals fear dairy giant will get leg up from law overhaul
Wellington Drive remains in the black as it raises operating forecast
OMV plans further maintenance at Pohokura
Sky continues sports drive with extension to netball rights
Apple's asset-shuffling puts $270m value on PowerbyProxi
Fonterra lifts payout forecast on improving global dairy prices
22nd October 2019 Morning Report

IRG See IRG research reports