ANZ is on the hunt for a head of responsible investment (RI) in a newly created position at the $35 billion fund manager.
The role, reporting to chief investment officer Paul Huxford, includes “setting the strategic direction of, and leading initiatives within, the responsible investing framework of ANZ Investments”, according to the job description.
“You will take responsibility and explore provocative investment ideas to address emerging global trends and challenges around the topic of Responsible Investing and for monitoring, making recommendations on and implementing these evolving RI/ESG factors in ANZ Investments portfolios,” the ad says.
Huxford said the new head of RI role reinforced the manager’s environmental, social and governance (ESG) capabilities to support growing investor expectations and demand in the approach.
Currently, the ANZ Investment staff roster lists Peter Jones as RI senior manager.
As reported last week, ANZ is also looking to grow its fixed income team with another newly created role as assistant fund manager.
“We’re still investing in the business,” Huxford said.
He said the investment team now comprises about 40 staff.
ANZ is the largest non-government diversified funds manager in the country, providing the investment grunt for the bank’s $18 billion plus KiwiSaver schemes, other retail funds and institutional clients.
Also last week, the ASX-listed financial services software firm Bravura revealed its CEO succession plan with global chief operating officer, Nick Parsons, scheduled to replace long-time incumbent, Tony Klim, this week (September 3).
The UK-based Parsons joined Bravura in 2007 as chief technology officer from rival firm DST Global Solutions, where he served in a similar role. Klim took on the top Bravura job in 2011.
In a release, Parsons said Bravura – which reported a 20 per cent year-on-year fall in net profit last week along with the CEO replacement news – was poised for renewed growth.
“We are witnessing considerable change in our core markets across the value chain. Whether it be the shift to vertical integration and increasing distribution accessibility in the UK, or the thrust to automate rather than outsource as in Australia and New Zealand, Bravura is well positioned to provide solutions,” he said.
“Our clients are looking to deliver greater value to their customers through digital offerings, speed to market and cost reduction – we deliver this through our expertise in innovative technologies such as artificial intelligence, microservices and cloud.”
Despite the annual top-line revenue and profit declines – attributed to COVID-related issues in its UK business – Bravura says “the sales pipeline remains strong, demand in the UK is beginning to improve, and there are significant opportunities for Sonata Alta [registry software] in Australia”.
The group recently signed a contract with Australia’s second-largest superannuation fund, Aware Super, to install Sonata as well as provide digital advice solutions via its Midwinter range. Among other renewed contracts over the last year, Bravura retained Partners Life as a core NZ client for the Sonata software.
Last year Bravura also retained Trustees Executors as a Sonata client.
In July, Bravura confirmed Tim Bakkenes as NZ head of sales and account management, replacing Martin Gould.
Meanwhile, Craigs Investment Partners has earmarked the charitable investment sector for further attention, hiring a former employee to run its ‘specialised wealth advisory’ team.
Helen Bullick, who ended a three-year stint as a Craigs analyst in 2010, returns to the organisation in October to head the specialised team, which targets “large scale clients, with a focus on the charitable, philanthropic, and public body sectors”, according to a release.
Brokers, or wealth advisers as they prefer to be known nowadays, have long competed with specialised asset consultants to advise NZ charities such as community trusts on investment strategies.
Jeremy Williamson, Craigs head of private wealth and markets, said in the statement: “With over $26 billion funds under management, Craigs have a wealth of experience in managing these types of large mandates and we are very proud of the work the team has done to date. The growth of this team reflects the opportunity we see in this area and the further focus we want to give it.”
Currently, Bullick is Fonterra mergers and acquisitions manager – a position she has held for almost three years following six years at Orion health in various strategic roles.
“Craigs has exciting plans for the future, a talented team and a great culture,” she said in the release. “By increasing our focus on charitable and philanthropic ventures I’m confident we will not only grow wealth for our clients but also deliver on their broader objectives.”