• 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 / Peacock flies to MyFiduciary; Milford continues Aussie expansion; TE compliance win

Peacock flies to MyFiduciary; Milford continues Aussie expansion; TE compliance win

October 28, 2019

Greg Peacock: MyFiduciary associate

Former NZAM chief investment officer, Greg Peacock, has popped up in a consulting role with fast-growing governance training and research firm, MyFiduciary.

Peacock, who left NZAM in September 2017 following a restructure at the Auckland hedge fund-of-funds firm, will work with MyFiduciary on a few current projects, according to principal, Chris Douglas.

“Greg is well-respected in the industry and has a number of skills that fit well with MyFiduciary,” Douglas said.

After a seven-year career at NZAM, Peacock took up the chief executive role at Windhaven Securities – a newly-formed entity linked to the Spencer family investment vehicle, Clime Asset Management. He served as an investment manager with Clime for 18 years prior to joining NZAM in 2010.

Peacock stepped down as Windhaven director in April this year.

MyFiduciary has landed several key investment research and governance education gigs this year, including with Westpac’s financial planning arm and independent advisory firm, Milestone.

In June this year, MyFiduciary also signed a deal with Morningstar to offer the US-headquartered firm’s Adviser Research Centre (ARC) platform in NZ.

Douglas said MyFiduciary was close to launching a range of model portfolios using the ARC data.

He said the firm was fielding an increasing number of enquiries from NZ advisory businesses ahead of the looming Financial Services Legislation Amendment Act (FSLAA) transition phase.

An Australian financial planning group had also expressed interest in using MyFiduciary’s investment governance training services.

NZ financial services businesses have typically struggled to gain traction in Australia but that could be changing. As well as MyFiduciary, the Christchurch-based investment platform and advisory services firm, Consilium, has secured an Australian client, chief Scott Alman, told the Financial Services Council conference in September.

Consilium, which is heading up to $4 billion in funds under management, took over another floor in its Christchurch office this month to accommodate staff numbers that have grown over 40 per cent during the last 12 months.

Milford Asset Management, too, is having a serious crack at Australia after establishing a base there some time ago. Last week Milford appointed another Australian portfolio manager, Dan Simmons, bringing the Sydney investment team up to nine.

Simmons, previously a portfolio manager with Rare Infrastructure, will focus on global income, working with NZ-based David Lewis on the firm’s $2.8 billion Diversified Income fund.

Milford also launched its second Australian-domiciled fund targeting ASX-listed small and mid-cap stocks. The Dynamic fund joined the Australian Absolute Return Growth fund in the Milford Sydney stable in October.

The now $8 billion plus Auckland boutique launched the Milford Australian Absolute Return Growth Fund late in 2017. Since inception two years ago, the $100 million Milford Australian fund has returned over 13 per cent after fees, about double its benchmark of the Australian official cash rate (now 0.75 per cent) plus 5 per cent.

Finally, another NZ firm attempting to conquer Australia, Trustees Executors (TE), celebrated a small win in Melbourne last week after its compliance manager, Tamuka Nyawo, took out a top prize at the Governance Risk and Compliance Institute (GRCI) awards ceremony.

Nyawo was named NZ Compliance Professional of the Year at the GRCI event. According to TE head of corporate trustee services, Nyawo was “recognised for the proactive governance, risk and compliance frameworks he has developed for our business and clients”.

TE competes in the NZ wealth management, fund administration and licensed supervisory space. Following a deal to use the blockchain-based technology of Australian-based Grow Super, TE is also pitching for fund administration business across the Tasman.

 

 

 

Print Friendly, PDF & Email
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

  • 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
  • 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