Russell Investments NZ has named David Kandziora as its new senior investment consultant, replacing Julian Darby, who left the firm last month after 13 years.
As reported in July, the Auckand-domiciled Darby resigned to take up an independent director role with a Russell client, understood to be a family office.
Kandziora previously worked with specialist business advisory company Three Sixty Capital where he was a “partner involved in originating and executing transactions and corporate advisory engagements”, a Russell statement says.
According to the Three Sixty Capital website, Kandziora “has completed work for funds, management consultancies and financial advisory firms from the UK, US, EU, MENA and across Australasia”.
“David has particular experience in the infrastructure, energy/utility and technology sectors and has worked with early-stage companies through to multinational conglomerates,” the site says.
In the UK he held roles with big-name global consultancies PwC, Deloitte and Grant Thornton, the Russell release says.
As well, Kandziora operated his own “corporate finance consultancy business specialising in providing advice to small to medium-sized business and institutional clients”.
A CFA charter-holder, he has served in investment governance positions on two charities.
Matthew Arnold, Russell NZ head of institutional, said Kandziora would help “deliver market-leading consulting services to our local clients”.
“In these difficult times, now more than ever investors need high quality advice and investment management,” Arnold said in the release. “We are focused on continuing to improve the investment proposition of Russell Investments in New Zealand, bringing global best practices to the local market.”
The new hire follows a period of change in the Russell NZ ranks that included the appointment of Arnold last August to replace Noah Schiltknecht as head of institutional and Mihir Tirodkar and Mohamed Ayaz as analysts.
In 2018, Guy Fisher joined Russell as a senior consultant from Aon Hewitt, stepping in for George Thomson who moved to BNZ (before shifting to the NZ Superannuation Fund as a portfolio manager this February).
Alister van der Mas, Russell NZ chief, said the firm was also recruiting for a newly created distribution role to expand its footprint in the financial advisory and smaller wholesale markets.
Kandziora will be based in the Russell Auckland HQ.