NZ Superannuation Fund (NZS) general manager portfolio completion, George Crosby, has been named as ANZ Investments chief investment officer, replacing incumbent, Paul Huxford.
Crosby, a 15-year NZS veteran, will officially join the ANZ investment team early next year.
After resigning in August Huxford was due to step down at the end of this year. At the same time, the bank-owned fund manager announced potential partnerships with BlackRock and Mercer.
Fiona Mackenzie, ANZ NZ Funds Management managing director, said in a release today: “This is an exciting time for George to join ANZ Investments as we continue to explore possible global partnerships that will position us for growth as New Zealand’s largest KiwiSaver provider.”
ANZ has more than $33 billion in assets under management including about $18 billion held in three KiwiSaver schemes.
While the flagged arrangements with BlackRock and Mercer have not yet been confirmed as final, Mackenzie said the firm would remain an active management house.
“ANZ remains an active investor and will continue to select assets that we believe will perform strongly over the long term,” she said at the time.
The manager currently carries out in-house active management for most local assets while outsourcing to several offshore managers for global assets.