Carmel Fisher to step down

Fisher Funds founder Carmel Fisher is to stand down from her role as managing director of the firm, seeking more work-life balance.

Monday, October 31st 2016, 9:26AM

Carmel Fisher

She directed queries to a video statement released via the Fisher Funds website.

“I know this news is going to come as a surprise to many and that’s why I wanted to give everyone a heads up so I can explain my thinking.

“Fisher Funds is my baby - always has been and always will be but after a career of 20 years I’ve decided it’s time for me to step back from a full-time executive role. What I’m trying to achieve is what I think a lot of working people want to achieve and that is work-life balance. I want to maintain an involvement, interest and commitment to Fisher Funds but also have some time for myself and my family and to pursue some philanthropic interests.”

Fisher said she would retire some time next year to focus on her family and philanthropic interests. She said there was no particular prompt for the decision now and she would not move if she could not find a great successor. “But I do think the timing is right for the business and myself.”

She will remain a shareholder and director and will continue to be involved in the business but not in a full-time capacity.

She said Fisher Funds was in great shape and she was not needed as much as she used to be.

“I’m not walking away, just changing the nature of my involvement.

“My level of involvement in Fisher Funds is huge and always will be. I’m enormously proud of Fisher Funds. I’ve often referred to it as my third daughter and I have to say I’m the proudest parent ever.”

Fisher Funds is looking locally and internationally for her replacement.

Tags: Fisher Funds