Veteran BTNZ head of investment solutions, Matthew Goldsack, has resigned after more than a decade with the Westpac-owned business.
In a note to clients sent this week, BT portfolio manager, Anna Boyle, says Goldsack would take up “another opportunity in the industry” in January.
“Matthew will remain with the business into the early part of 2020 as he looks to transition day to day responsibilities,” Boyle says in the note.
Goldsack joined BT late in 2008 after an eight-year career with Axa Global Investors as head of research.
He was responsible for the BT fund-of-funds solutions with significant input into manager selection. During his tenure, the BT internal investment team spun out to form the independently-owned Salt Funds Management.
Over the last few years, too, the BTNZ group has taken more direct control of investments from the Westpac Australian parent, establishing NZ-domiciled portfolio investment entity (PIE) vehicles.
Westpac/BT has more than $10 billion under management including about $6.5 billion in its KiwiSaver scheme.
In the interim, “Francois Richeboeuf, currently Senior Portfolio Manager, will assume overall responsibility for the investment management functions within BTNZ from January 2020,” Boyle says in the note.
“… Matthew will remain with the business into the early part of 2020 as he looks to transition day to day responsibilities.”
Goldsack declined to comment.