Actuary Peter Lynn has stepped up to the top job at Tyndall Investments Management. Photo / Richard Robinson

Actuary Peter Lynn has stepped up to the top job at Tyndall Investments Management. Photo / Richard Robinson

It's not often the numbers man gets the top job where managing people is just as important as making money.

But after 10 years at Tyndall Investment Management, Peter Lynn, a self-confessed maths-lover and actuary, says he is ready to take up the managing director's mantle.

It's not the first time the 38-year-old has stepped into the hot seat at Tyndall, a company which manages $3.6 billion of New Zealanders' money.

He was the interim chief for six months in between other managers. "That interim experience in 2007 taught me I could do the job but I wasn't ready for it."

With a major global financial crisis behind him and after learning a lot from former boss Greg Campbell, who has taken a sideways step to head sister-company Guardian Trust, Lynn says he is confident of doing a good job.

"I have had 17 years in the industry and I intend to be in the role for a long time." The changes at the top and recent challenges in the market have sparked talk of an exit by Tyndall from New Zealand after the recent departure of rival Alliance Bernstein.

But Lynn says the company plans to stay and build on its market share.

"We are very committed, we are all New Zealanders and we have a great clientele in New Zealand."

Despite having being owned by Australian listed company Suncorp-Metway, Lynn says the company operates on an autonomous basis. "We have always done things our way, we are not just an Australian branch office."

The company has about 70 clients in New Zealand including company pensions schemes, charities and insurers.

While it does not deal directly with individual investors, the company is behind the management of six KiwiSaver schemes - looking after investments for AMP, Aonsaver, sister company Asteron, Fidelity Life, SuperLife and Staples Rodway.

"Some people might be saying, who is Tyndall? But we are a credible, large manager."

Lynn was previously head of strategy and worked for Mercer Investment Consultants before that.

He is one of about 100 people in New Zealand qualified as actuaries.

"I have always been a numbers person. There is something black or white and definite about numbers. You can paint a great story with numbers, almost as much as words."

But fund management was never an area he expected to end up in. "I got to the end of university and there was a job going at Mercer which I went to more as interview practice. I didn't even know what an actuary was."