Provided by NZX
  • IFT2.885

    $ 0.0000%

  • Open 2.885 High 2.895 Low 2.88 Bid Price 2.88

    Offer Price 2.905 Value 800504.82 Volume 277252

Current as of 24/02/17 06:59PM NZST

Morrison & Co appoints Paul Newfield as new CIO

By Edwin Mitson

Wellington Airport. Photo / Mark Mitchell
Wellington Airport. Photo / Mark Mitchell

Paul Newfield has been named as the new chief investment officer at HRL Morrison & Co, who manage Wellington-based infrastructure investor, Infratil.

Newfield joined the business in 2008 and has been involved in developing funds in New Zealand and Australia as well as handling relationships with sovereign wealth and superannuation funds. A profile on Infratil's website states he was previously a principal at the Boston Consulting Group.

Infratil has a portfolio that includes Wellington International Airport, NZ Bus, Metlifecare and Snapper. Last week it agreed to buy a 48 per cent stake in Canberra Data Centres for A$392 million.

In a statement, Newfield said there were three trends driving their current investment strategy "decarbonisation, the aging population and technology-enabled infrastructure".

Morrison & Co chief executive, Marko Bogoievski, said they were delighted that Newfield would be stepping up to the role: "Paul's appointment to CIO acknowledges his strong contribution to the firm over recent years and the skills he brings to drive investment outcomes for our clients".

Newfield replaces founding partner Lib Petagna, who is leaving day to day management of the company but will remain on the Morrison & Co board.

Morrison & Co currently manages $8 billion of listed and unlisted assets around the world.

- BusinessDesk

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter


© Copyright 2017, NZME. Publishing Limited

Assembled by: (static) on production bpcf04 at 24 Feb 2017 19:19:13 Processing Time: 457ms