Richard Bodman, First NZ Capital (FNZC) compliance chief, has resigned after a 17-yea
r career with the company.
Bodman was also a director of Harbour Asset Management and co-ordinated compliance at the funds management firm, which is majority-owned by FNZC. He will also step down from the Harbour board role.
Jody Kaye, Harbour chief operating officer, said Bodman was “taking a career break” after a long and distinguished stint with FNZC.
“While the news was a surprise, we understand his reasons,” Kaye said. “It will be a loss – Richard was very well-respected in the industry.”
He said the Harbour board was due to meet on October 9 to officially appoint a new director to replace Bodman with the due diligence process already underway.
However, on the compliance side Kaye said six FNZC staff would continue to be involved with Harbour.
“We’ve got two compliance people [Auckland-based Marama Watana and Helen Stevens in Wellington] monitoring our trades daily,” he said. “It’s business as usual.”
Following Bodman’s official departure on October 9, Debbie Bourne, will be promoted internally to lead the FNZC compliance team.
Kaye said Bodman had “embedded a risk management and compliance culture” in the business.
“We are grateful for his contribution and wish him all the best in the future,” he said.