• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer
  • Subscribe
  • Twitter
  • RSS Feed

Investment News NZ

Investment News provides financial advisers news stories from the financial industry in New Zealand. Subscribe to our free weekly newsletter.

  • Home
  • News
  • Kiwisaver
  • Subscribe
  • About
  • Advertise
  • Contact
You are here: Home / Investment News / Ex Westpac leader adds governance clout to Milford board

Ex Westpac leader adds governance clout to Milford board

April 10, 2016

Mariette van Ryn: Milford director
Mariette van Ryn: Milford director

Former Westpac NZ general manager, Mariette van Ryn, has joined the board of Milford Asset Management.

Mark Cross, Milford chair, said van Ryn’s “considerable governance experience” would bolster the board as the $3.3 billion funds management firm moved under the new Financial Markets Conduct Act (FMC) regime.

Cross said van Ryn’s appointment would increase the Milford board seats to seven, most of which were now filled by non-executive directors.

Last month, Milford managing director, Anthony Quirk, revealed he would stand down from the role once a replacement was hired while retaining his place on the board.

Excluding Quirk, the executive members of the Milford board are founder and portfolio manager, Bryan Gaynor, and chief operating officer, Bryce Marsden.

Richard Somerville and Lester Gray fill the remaining non-executive director board spots along with Cross and now van Ryn.

Prior to joining the Milford board van Ryn spent almost five years at Westpac (ending last April) in a “broad range of portfolios”, Cross said, including “enterprise change programs, customer solutions, regulatory affairs and compliance”.

She was also Westpac market disclosure officer and director of several the bank’s operating entities as well as adviser “to the boards and responsible for all governance requirements of the Banking Group”, according to van Ryn’s Linkedin page.

Before taking up the Westpac role in 2007, van Ryn completed a close to 20-year stint with national law firm Simpson Grierson in Auckland, finishing up as senior partner and director.

Her legal career dates back to 1981 with a number of education upgrades along the way including completing an advanced management program at the Paris Insead University in 2012 and a litigation skills diploma issued by the New Zealand Law Society in 1987.

In addition to her Milford directorship, van Ryn is also board member of the NZX New Zealand Markets Disciplinary Tribunal.

Meanwhile, Milford has reclassified its Diversified Income Fund (DIF) under the international fixed income asset class. Previously classed as a local fixed income product, Milford told the ASB-owned investment platform Aegis last week the DIF was now “Cash 4%, NZ Fixed Interest 6%, International Fixed Interest 51%, Australasian Equities 22%, Listed Property 17% ”.

“Due to the requirement to select a single report class within Aegis, in consultation with Milford Asset Management, we have allocated this to the most dominant, being, International Fixed Interest,” the Aegis note says.

Print Friendly, PDF & Email
Twitter0
LinkedIn0
Google+0
Facebook0

Read More » Investment News

Recent articles

  • Funds management chief vacancy opens up as ANZ divides wealth and private bank April 18, 2021
  • Regulator reasons on fees April 18, 2021
  • Two more Cs for MMC; Fisher CIO scales back but trucks on April 18, 2021
  • Milford adds $1.3bn in December quarter, breaks $10bn barrier April 18, 2021
  • Member admin shake-up as FNZ enters Aussie fray April 18, 2021
  • Government bond manager gets fingers in NZ PIE April 18, 2021
  • Nay-sayers emerge in ESG trend research April 18, 2021
  • Climate change legislative journey begins for NZ financial sector April 18, 2021
  • Hong Kong manager seeks Australasian insto money, assets for new mortgage fund April 18, 2021
Finished reading? Why not subscribe? To receive a weekly email enter your email address here.

Primary Sidebar

WEEKLY NEWSLETTER

Sign up here to receive our weekly newsletter.
Learn More »

Investment News

  • Funds management chief vacancy opens up as ANZ divides wealth and private bank April 18, 2021
  • Regulator reasons on fees April 18, 2021
  • Two more Cs for MMC; Fisher CIO scales back but trucks on April 18, 2021
  • Milford adds $1.3bn in December quarter, breaks $10bn barrier April 18, 2021
  • Member admin shake-up as FNZ enters Aussie fray April 18, 2021
  • Government bond manager gets fingers in NZ PIE April 18, 2021
  • Nay-sayers emerge in ESG trend research April 18, 2021
  • Climate change legislative journey begins for NZ financial sector April 18, 2021
  • Hong Kong manager seeks Australasian insto money, assets for new mortgage fund April 18, 2021
  • Salt diversifies with another AMP Capital hire April 14, 2021

Search by Keyword

Most Recent Investment News

Funds management chief vacancy opens up as ANZ divides wealth and private bank

April 18, 2021

Regulator reasons on fees

April 18, 2021

Two more Cs for MMC; Fisher CIO scales back but trucks on

April 18, 2021

Milford adds $1.3bn in December quarter, breaks $10bn barrier

April 18, 2021

Member admin shake-up as FNZ enters Aussie fray

April 18, 2021

Investment News Archive

Most Popular Articles

  • NZ share-trading splurge could trigger tax alarms… posted on October 5, 2020
  • Westpac NZ flags retail advice sale to Forsyth Barr posted on October 19, 2020
  • Flint set to spark platform competition posted on August 17, 2020
  • The horror year in technicolour: free KiwiSaver 13 report released posted on September 30, 2020
  • Four to the core: Smartshares to expand, rearrange and reprice ETFs posted on June 22, 2020
  • NZ Funds directors back on board posted on April 24, 2016
  • Kitset KiwiSaver scheme set to unwrap in spring posted on April 27, 2020
  • Kiwi Wealth hits the bigger time posted on November 26, 2017

Sponosored Content

Responsible goes retail: why Mint has opened the SRI tin

David-Boyle

Jumping lessons: what all investors can learn from GameStop loss

What do ‘Kiwi’ experts see for 2021?

David-Boyle

On the industry play-list: four chart-topping regulations for 2021

Quick-links to Popular News

  • FAP Compliance
  • Coronavirus
  • New Appointments
  • Financial Markets Authority (FMA)
  • Kiwisaver
  • Climate Change
  • Crypto Currency
  • Blockchain
  • Insurance

Secondary Sidebar

Recent News

  • Funds management chief vacancy opens up as ANZ divides wealth and private bank April 18, 2021
  • Regulator reasons on fees April 18, 2021
  • Two more Cs for MMC; Fisher CIO scales back but trucks on April 18, 2021
  • Milford adds $1.3bn in December quarter, breaks $10bn barrier April 18, 2021
  • Member admin shake-up as FNZ enters Aussie fray April 18, 2021
  • Government bond manager gets fingers in NZ PIE April 18, 2021
  • Nay-sayers emerge in ESG trend research April 18, 2021
  • Climate change legislative journey begins for NZ financial sector April 18, 2021
  • Hong Kong manager seeks Australasian insto money, assets for new mortgage fund April 18, 2021
  • Salt diversifies with another AMP Capital hire April 14, 2021

Footer

Copyright ©2020 InvestmentNews.co.nz — All Rights Reserved ·— Terms & Conditions