AMP NZ has hired a former Vodafone sales executive as head of client relationships in a one-for-two job replacement move.
An AMP spokesperson said Simone Moors fills the vacancies left by both Donna Mason and Yvonne Davie, who exited this month after long careers with the for-sale wealth manager.
As reported last week, Davie, former AMP head of corporate super, starts a new role with Craigs Investment Partners in Tauranga next month. Coincidentally, Mason, previously AMP head of client relationships, shifts to the NZX-owned Smartshares in the top corporate super sales position.
Moors spent about 10 years with Vodafone in senior sales roles both in here and offshore, ending her stint with the mobile phone network in 2017 as NZ head of government and enterprise. Post Vodafone she served two years as NZ sales and marketing director for South African IT firm, Dimension Data.
She is also a board member of the Crescendo Trust of Aotearoa, an Auckland-based charity mentoring young people in the creative arts sector.
In a statement Moors said: “I’m pleased to be joining a team who are dedicated to helping improve retirement outcomes for New Zealanders. I am especially looking forward to getting out on the road and meeting as many of our corporate clients as possible to understand what more we can do to continue to support their employees.”
AMP NZ has about $13 billion under management across its KiwiSaver ($5.8 billion), corporate super master trust ($3.5 billion) and retail investment arms. The ASX-listed AMP parent slated its NZ wealth subsidiary for sale last August after abandoning an earlier IPO attempt.
Also last week, a couple of investment product manager vacancies opened up with both ANZ and Forsyth Barr looking for specialists in the area.
The Auckland-based ANZ Investments is seeking a new product manager after the incumbent shifted offshore, a spokesperson for the bank said.
According to the spokesperson, the product manager role includes the ANZ non-KiwiSaver range covering retail, wholesale and private bank investments.
ANZ has about $30 billion in funds under management (FUM), roughly half of which is KiwiSaver money.
Meanwhile, broking house Forsyth Barr is competing in the same talent pool as ANZ for an investment product manager.
Understood to be a new position in the Forsyth Barr senior management stack, the product head will have a wide mandate “to challenge market consensus”, the recruitment blurb says.
The position includes responsibility for the group’s “investment funds, the Summer KiwiSaver scheme, and new Investment Fund products in line with Forsyth Barr’s digital expansion plans”.
Forsyth Barr has about $300 million of FUM in managed fund products (just under half is in Summer), representing a small fraction of the broker’s total $10 billion in assets under management.
However, like rival stock broking firms Craigs, Jarden and Hobson Wealth, Forsyth Barr is looking to grow its retail funds offering.