Annuitas chief, Simon Tyler, formally ended his 10-year stint at the Wellington-based investment house last week.
In a note, Tyler said he would “move on to other things” after a decade running the organisation that invests on behalf of the Government Superannuation Fund (GSF) and the National Provident Fund (NPF)
“I have had a great 10 years at Annuitas, and thoroughly enjoyed working with both GSFA and NPF and all our service suppliers,” he said.
“I have a few ‘irons in the fire’ at the moment and I am sure I will be in touch with you all at some stage in the near future.”
Tyler joined Annuitas as chief executive in 2012 after serving more than two decades across senior finance roles at the Reserve Bank of NZ and ANZ. He also spent two years as a money market dealer for pioneering NZ funds management firm, Southpac, starting in 1985.
The GSF last reported about $5.2 billion under management while the NPF holds roughly $1.8 billion.
It is understood Annuitas is on track to name a new chief in the next month or so.
Elsewhere, the former BetaShares NZ country head, Thom Bentley, has resurfaced in a similar position for another Australia-headquartered investment firm.
Bentley has joined alternative investments specialist, iPartners, as its first NZ representative – a feat he also achieved for the exchange-traded fund (ETF) provider, BetaShares.
As iPartners head of capital markets NZ, he will focus on growing the business among wholesale and institutional clients on this side of the Tasman.
Founded by Travis Miller and Rob Nankivell, iPartners offers wholesale clients access to alternative assets including private credit, asset backed debt, property, private equity and private credit funds via an online platform with a A$10,000 minimum investment.
The firm also offers four diversified funds – currently managing about A$200 million in total – that dip into underlying assets in the iPartners pool.
Bentley said iPartners already had some clients in NZ with strong demand from high net worth, wholesale and institutional investors for alternative assets.
He will be based in Queenstown.
BetaShares, which gained its managed investment scheme licence from the Financial Markets Authority earlier this month, is recruiting to replace Bentley, who joined the firm from the NZX-owned Smartshares last year.
Long-time head of the National Australia Bank (NAB) owned wealth management firm, JBWere, Justin Greiner, resigned last week.
Greiner spent eight years leading the NAB advisory subsidiary, which has survived the bank’s wider exit from the wealth management sector.
In a statement confirming the move, a spokesperson said: “Under Justin’s leadership, the business has developed as a key differentiator for the business and private bank and NAB more broadly.”
His departure follows the appointment of Maria Lykouras to the new role of JBWere Australia executive this April. Both Lykouras and JBWere NZ chief, Craig Patrick, reported to Greiner.
Ivano Simonutti, JBWere general manager for three eastern Australian states, will take over from Greiner in an interim capacity, the spokesperson said.