• 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 / Operations chief quits Kiwi Wealth for Morgan family reunion

Operations chief quits Kiwi Wealth for Morgan family reunion

September 23, 2018

Rob Taylor: Gareth Morgan family office head of investments

Kiwi Wealth head of operations, Robert Taylor, ends his almost 15-year career at the now government-owned organisation to take up a job with the group’s founding figure.

Taylor, who finishes a transition period at Kiwi Wealth this week after officially leaving his role at the end of August, has been appointed head of investments for the Gareth Morgan family office.

He joined the Kiwi Wealth predecessor firm, Gareth Morgan Investments (GMI), in 2004 – remaining with the business after it was sold to Kiwibank for $50 million in 2012. GMI managed about $1.5 billion at the time of the Kiwibank purchase including $650 million in its KiwiSaver scheme.

Kiwi Wealth, now legally separate from Kiwibank (albeit with shared parents), currently boasts more than $5 billion under management including almost $3.9 billion of KiwiSaver money.

In July Kiwi Wealth hired BNP Paribas to rationalise the group’s multiple back-office systems, some of which date back to the early GMI days.

Morgan famously eschewed unit-pricing in favour of a bespoke home-built administration system that remains largely in place – albeit that asset pricing for the KiwiSaver and other legacy schemes has moved from monthly to weekly pricing.

Kiwi Wealth delegates custody to JB Were for KiwiSaver scheme but acts as its own custodian in some other products. The recently-launched Kiwi Wealth retail product range uses Public Trust as custodian and MMC for unit pricing and registry.

Public Trust is supervisor for all Kiwi Wealth funds.

According to the Kiwi Wealth website, Taylor was “heavily involved in the growth of the business, which has seen it go from 8 staff to over 80 [since 2004”.

He was “responsible for client and fund valuations, tax, executing the investment strategy at the client level, processing and settling trades, reconciling it all and reporting back to clients and members”, Kiwi Wealth says.

It is understood Taylor would not be replaced with his duties to be redistributed among senior managers.

The Kiwi Wealth move follows a number of senior investment operational role changes in recent months. For example, earlier in September the NZ Superannuation Fund promoted Amy Hitchcock to head of investments operations while Devon Funds Management hired Michelle Fotiades in a new role as operations manager.

Twitter0
LinkedIn0
Google+0
Facebook0

Read More » Investment News

Recent articles

  • New Salt suite to spice up fund mix January 17, 2021
  • Wealth head quits ASB for Tower job; Platinum loses Asia manager; Matterson moves from Milliman January 17, 2021
  • Westpac follows ANZ with Northern Trust mandate… January 17, 2021
  • … as Trust Management wins over another senior BT investment hand January 17, 2021
  • Capital ventures into BlackRock’s ETF territory January 17, 2021
  • Fresh CIO role as South Pacific aims for co-investments January 17, 2021
  • Lessons from 2020: don’t stop thinking about tomorrow January 17, 2021
  • SSGA to push big firms on ESG, stays mum on merger January 17, 2021
  • Low-carbon switch: why electric future turns on listed infrastructure investor January 17, 2021

Primary Sidebar

WEEKLY NEWSLETTER

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

Most Recent Investment News

New Salt suite to spice up fund mix

January 17, 2021

Wealth head quits ASB for Tower job; Platinum loses Asia manager; Matterson moves from Milliman

January 17, 2021

Westpac follows ANZ with Northern Trust mandate…

January 17, 2021

… as Trust Management wins over another senior BT investment hand

January 17, 2021

Capital ventures into BlackRock’s ETF territory

January 17, 2021

Search by Keyword

Investment News

  • New Salt suite to spice up fund mix January 17, 2021
  • Wealth head quits ASB for Tower job; Platinum loses Asia manager; Matterson moves from Milliman January 17, 2021
  • Westpac follows ANZ with Northern Trust mandate… January 17, 2021
  • … as Trust Management wins over another senior BT investment hand January 17, 2021
  • Capital ventures into BlackRock’s ETF territory January 17, 2021
  • Fresh CIO role as South Pacific aims for co-investments January 17, 2021
  • Lessons from 2020: don’t stop thinking about tomorrow January 17, 2021
  • SSGA to push big firms on ESG, stays mum on merger January 17, 2021
  • Low-carbon switch: why electric future turns on listed infrastructure investor January 17, 2021
  • Bitcoin: the nonsensical asset that makes sense for the times January 17, 2021

Investment News Archive

Most Popular Articles

  • Westpac NZ flags retail advice sale to Forsyth Barr posted on October 19, 2020
  • NZ share-trading splurge could trigger tax alarms… posted on October 5, 2020
  • The horror year in technicolour: free KiwiSaver 13 report released posted on September 30, 2020
  • Flint set to spark platform competition posted on August 17, 2020
  • Four to the core: Smartshares to expand, rearrange and reprice ETFs posted on June 22, 2020
  • Kitset KiwiSaver scheme set to unwrap in spring posted on April 27, 2020
  • Funds eye bargains, self-shoppers hoard cash, KiwiSavers turn conservative posted on March 15, 2020
  • AMP Capital NZ chief quits amid equities exodus offshore posted on August 28, 2020

Sponosored Content

David-Boyle

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

David-Boyle

Charge of the lite (advice) brigade

Nathan Field

Pandemic Baby Boom a Bust

Star-date 2020: it’s inflation Jim but not as we know it

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

  • New Salt suite to spice up fund mix January 17, 2021
  • Wealth head quits ASB for Tower job; Platinum loses Asia manager; Matterson moves from Milliman January 17, 2021
  • Westpac follows ANZ with Northern Trust mandate… January 17, 2021
  • … as Trust Management wins over another senior BT investment hand January 17, 2021
  • Capital ventures into BlackRock’s ETF territory January 17, 2021
  • Fresh CIO role as South Pacific aims for co-investments January 17, 2021
  • Lessons from 2020: don’t stop thinking about tomorrow January 17, 2021
  • SSGA to push big firms on ESG, stays mum on merger January 17, 2021
  • Low-carbon switch: why electric future turns on listed infrastructure investor January 17, 2021
  • Bitcoin: the nonsensical asset that makes sense for the times January 17, 2021

Footer

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