ANZ Investment Management is recruiting for a new portfolio manager following the surprise exit of Daria Murray.
Graham Ansell, head of ANZ Investment, confirmed Murray, who joined as Australasian portfolio manager last August, had resigned effective immediately.
“We in the process of looking for a replacement now,” Ansell said.
Murray jumped ship to ANZ last year after a brief whirl as portfolio manager at the New Zealand Superannuation Fund (NZS) in the NZ active equities team. Prior to joining the NZS in March 2015, she served as vice president global equities at the London office of Alliance Bernstein.
“Daria spent the bulk of her career on the buy-side investing in global equities, prior to which she was at JPMorgan Chase & Co. (formerly Bear Stearns),” an NZS release said at the time or her appointment.
Meanwhile, Fisher Funds is also set to lose a portfolio manager with the imminent retirement of Murray Brown.
Brown, hired by Fisher Funds in 2008 from First NZ Capital where he served as director of research, is “responsible for managing our New Zealand and Property and Infrastructure portfolios”, according to the group’s website.
“I’ll be working here until the end of October,” he told Investment News NZ.
In other industry recruitment news, Public Trust has appointed Glenn Wilkinson to replace David Campbell as head of its custody unit.
Wilkinson was a client services manager with the NZ branch of global custodian BNP Paribas NZ from 2008 until 2015.
Campbell decamped to the Wellington-based investment platform Adminis this June to spearhead its nascent custody business.
Subsequently, Adminis has also hired former Public Trust custody specialist, Domino Lee, who finished at the government-owned entity two weeks ago. Wilkinson said Lee had completed the handover process with her replacement, Irene Manousakis
Martin Kay, Adminis chief, said Lee – who resigned from Public Trust “some time ago” – would start with the firm later next month.
“With David and Domino we now have quite a formidable custody operation,” Kay said.
Lee will take up the role of senior investment administrator with duties encompassing fund accounting, registry and custody.
Adminis launched its custody business in June to meet burgeoning demand for the service from small-to-medium investment managers and not-for-profit groups.
The investment platform acts as a custody aggregator for clients with BNP Paribas providing the underlying custodial services.
Elsewhere, the Financial Markets Authority (FMA), too, has seen another gamekeeper turn poacher with principal intelligence analyst, Mark Banicevich, set to join insurance firm Partners Life next month.
Banicevich was in charge of evaluating “market participants according to the risk that they will harm the FMA’s objectives”, according to his Linkedin page.
He also ran the recent FMA “project examining whether financial advisers are churning clients to earn high upfront commissions”.
It is understood Banicevich, who finishes at the FMA on October 24, will join Partners Life in a compliance role.