Botherway back on funds management path

ANZ New Zealand today announced the appointment of Simon Botherway as General Manager, Investment Management for ANZ Wealth, effective early May 2011.

Wednesday, March 16th 2011, 10:31AM

ANZ New Zealand has announced the appointment of Simon Botherway as general manager, investment management, for ANZ Wealth which includes OnePath.

ANZ Wealth managing director John Body said, "Simon is one of New Zealand's most credible and accomplished leaders of managed funds investing and will be a real asset to the ANZ Wealth team and our clients."

He said Botherway would oversee ANZ Wealth's investment strategy for wholesale and retail funds, leading an experienced investment team overseeing more than $12 billion of savings for individuals, employers, charities, local authorities and government.

"Simon's appointment further strengthens the new management team we established since forming the bank's wealth businesses across ANZ, The National Bank and OnePath."

Body said a new era was emerging with more New Zealanders focused on saving and investing in productive assets, with KiwiSaver a key part of the new attitude.

"We are also at a crossroads in New Zealand from an investment perspective, with new capital markets regulation and a new regulator about to be launched."

Botherway was formerly the chief executive and executive chairman of Brook Asset Management, a member of the Securities Commission, the Chairman of the Establishment Board of the Financial Markets Authority and as an independent director of Fisher and Paykel Appliances Holdings.

He will step down from his role as a director of F&P Appliances at the end of April. He will remain chairman of the Financial Markets Authority Establishment Board until the Financial Markets Authority commences, which is expected to be in May of this year.

Botherway said the new role at ANZ Wealth "offers me new horizons. ANZ is New Zealand's largest bank and part of a regional banking group with operations in 32 markets across the Asia Pacific region. The opportunity to play a custodial role for the level of savings we manage was too good to pass up."

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