Fiona Mackenzie to join bank’s fund management arm in January.
ANZ has headhunted Jarden’s head of direct wealth Fiona Mackenzie to run its fund management arm.
In a statement to the NZDX, ANZ said Mackenzie would start as managing director of ANZ Funds Management in January next year, subject to a non-objection from the Reserve Bank.
She will also join ANZ’s New Zealand leadership team.
Mackenzie joined Jarden in January 2018 from the NZ Super Fund, where she was head of external investments.
ANZ New Zealand chief executive Antonia Watson said Mackenzie brought enormous hands-on investment management experience and governance to the role.
“ANZ is the largest private sector funds management and KiwiSaver provider in the country with more than 650,000 customers and $35 billion under management,” Watson said.
“Unlike ‘passive’ providers that follow indices, ANZ is an ‘active’ manager that participates in local and offshore markets on behalf of investors. That has resulted in strong short and long term after fee returns on various ANZ funds and why the team has won multiple awards over the years.
“Fiona Mackenzie will continue to build on the successes of that business at a time of global market uncertainty and changing regulatory, customer and stakeholder expectations.”
As of June this year, ANZ managed $18.6b of KiwiSaver assets according to data provider Morningstar. The second-largest provider ASB managed $14.1b.
