Sharechat Logo

NZ Super Fund head of investments Fiona Mackenzie to take up position at FNZC

Tuesday 24th October 2017

Text too small?

Fiona Mackenzie, head of external investments at the New Zealand Superannuation Fund, is leaving to take up a position as head of direct wealth for First NZ Capital. 

FNZC chief executive James Lee confirmed that Mackenzie will take up the position in the new year. The Super Fund did not respond to questions. 

Mackenzie joined NZSF in 2011 and was previously head of markets and strategy at NZX. Before returning to New Zealand, she worked within Morgan Stanley's institutional equities division in New York and San Francisco, and at Credit Suisse in New York as part of their e-commerce product development team.

The Super Fund was set up in 2001 to help meet the country's future pension needs. It returned 20.7 percent after costs, before New Zealand tax in the year to June 30 and finished the year valued at $35.37 billion, an annual increase of $5.27 billion.

Between 2003 and 2009, the government contributed $14.9 billion the fund but suspended payments in response to the global financial crisis. Under the previous National-led government, contributions were scheduled to restart in 2020/21.

However, the new government - led by Prime Minister-elect Jacinda Ardern - has said it will resume contributions to the fund to help safeguard the provision of universal superannuation at age 65 within the first 100 days in office. 


  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:

MARKET CLOSE: Blue-chip stocks Meridian, A2 lead market lower
NZ dollar rises on Brexit hopes, rate cut reassessment
Three not failing, just needs a new owner - MediaWorks CEO
Major investors back new CBL class action targeting directors
Rip Curl purchase a done deal on Kathmandu proxies alone
Comvita chair Neil Craig eyes the exit once he finds a new CEO
Mercury raises guidance on increased storage, high spot prices
Eroad reports strong 3Q sales growth, eyes ASX listing
MediaWorks puts TV business on the block
NZ dollar benefits as preliminary Brexit deal improves risk appetite

IRG See IRG research reports