Brian Gaynor, investment strategist and analyst at Milford Asset Management, business commentator and columnist. NZ Herald Photo Kenny Rodger
Brian Gaynor, investment strategist and analyst at Milford Asset Management, business commentator and columnist. NZ Herald Photo Kenny Rodger
The NZX was among those honouring fund manager and financial commentator Brian Gaynor today, acknowledging his "immense contribution to capital markets over nearly five decades".
Gaynor, 73, passed away today after a brief illness.
"As one of the country's leading investment analysts, Brian was a titan of New Zealand's capitalmarkets," said NZX chair James Miller.
"Brian would be one of most influential people in the 150-year history of New Zealand's capital markets and the NZX."
"He had an amazing career from equity analyst to entrepreneurial fund manager, while also being a leading business commentator."
NZX chief executive Mark Peterson extended his sympathies to the Gaynor family.
"One of his great strengths was his willingness to foster debate by openly and courageously sharing his views. He had incredible market knowledge, history and insights," Peterson said.
Speaking at the post-Cabinet press conference Deputy PM Grant Robertson said Gaynor contributed greatly to society and the business community.
"He's a person I met on a number on occasions ... He's going to be sorely missed."
Gaynor was one of the founders of Milford Asset management in 2003.
"The values, commitment and skill he applied to the firm and our people were instrumental in creating the organisation we have today," the company said in a statement.
"His dedication and determination to providing New Zealanders with good financial education and information, investment funds and advice has endured," they said.
It would be part of his legacy for the company's 170 staff and 80,000 clients across New Zealand and Australia.
"Brian was a driving force of both our organisation and our industry, and we will remember him as a leader, a mentor and a friend."
The NZX ticker in downtwon Auckland pays a tribute to Brian Gaynor after his death was announced 16 May 2022 picture supplied Georgia Thompson Communications Manager NZX Limited
Gaynor was twice awarded NZ Shareholders Association's Beacon award for services to the investment community.
"His insight and his mana will be missed by the investment community," said NZSA chief executive Oliver Mander.
Gaynor was a member of the NZSA but his relationship with the organisation went far beyond membership, Mander said.
"Culturally he was aligned to the values we have and he was a strong supporter. We'll miss him terribly."
Shane Solly, portfolio manager at Harbour Asset Management, said Gaynor was a well-respected market commentator who was always willing to take on challenging situations.
"He was forthright in nature and a powerful voice in the market.
Solly recalled a "baptism of fire" when Gaynor came in to speak to him and a group of other budding fund managers
"He came in and told us how it was as juniors," Solly said.
"His ability to challenge in a constructive way was a great lead for others to ask the hard questions, but also to do so in a way that works."
Financial columnist Mary Holm recalled Gaynor's value as a source for journalists going back to the 1980s.
Lister said he'd never forget going head-to-head against him in a debate at a conference when he was relatively new to the industry.
"I was pretty sure I won, although the judges thought otherwise. He devoted his next Saturday Herald column to continuing our debate, and debunking my case.
"I took that as a huge compliment, and was stoked that the great Brian Gaynor had considered me a worthy adversary!"
Since 2019 Gaynor had been an investor and writer for online financial publication BusinessDesk.
BusinessDesk staff said they were "devastated" by the loss.
"Brian and I shared an office in the very early days of BusinessDesk's revitalisation, just the two of us," wrote BusinessDesk journalist Victoria Young.
