Harbour Asset heads into fixed income market

Wednesday 24th November 2010

Wellington fund manager Harbour Asset Management is expanding into fixed interest investment, announcing the appointment of a former senior Bank of England trader and head of market intelligence, Christian Hawkesby.

Christchurch-born, Hawkesby cut his teeth at the Reserve Bank of New Zealand in the late 1990's, working as an analyst in the cash, fixed income and foreign exchange markets, and an economist running the RBNZ macroeconomic model, before heading to the UK.

"While he was in the Bank of England's dealing room, Christian was responsible for analysis and research, relationships with London and Edinburgh asset managers, designing and launching the special sterling corporate bond scheme, and advising on the Bank's purchase of 200 billion pounds of UK government bonds for quantitative easing," said Harbour's founder, Andrew Bascand.

Hawkesby worked in roles including head of market intelligence, chief manager of the Sterling Markets Division, and private secretary to the Deputy Governor, Sir John Gieve.

Since commencing trading late last year, Harbour has won $650 million funds under management and more than 25 clients spanning Crown entities, listed and unlisted major companies, multi-nationals and charitable trusts, Bascand said.

BusinessDesk.co.nz

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