BNZ Investments mints new independent director

BNZ has added another investment expert to the board of BNZ Investment Services Limited.

Wednesday, December 4th 2019, 9:40PM

It has appointed Paul Richardson into the role.

Richardson is well-regarded in the funds management after roles with Mint Asset Management, BT Funds Management and UBS.

He has more than 28 years in the financial sector in New Zealand and Australia, as a chief investment officer, executive director, head of research and funds management.

BNZ general manager, Wealth, Peter Forster says Richardson's appointment is indicative of the bank’s drive to deliver better outcomes for customers.

“Paul Richardson brings an independent perspective to the table that will help our constant focus on putting the customer first,” Forster says.

“With the appointment of Paul, on the back of Graham Ansell joining the board earlier this year, we have extremely strong and capable, independent voices at the table.

“We believe that this independence will help the board continue its strong advocacy on behalf of the customer at the governance level.”

Richardson is the managing director of Carina Capital and is a director of AGInvest and the CFA Society of New Zealand. He was previously executive director and chief investment officer at Mint Asset Management where he was responsible for the investment team and led the Socially Responsible investment programme. He was also previously the CIO of BT Fund Management (Westpac) and an executive director at UBS.

Richardson says: “I look forward to bringing my perspective to the board’s decision-making, with an absolute spotlight on producing great value, quality products with a sustainable focus for BNZ customers.”

BNZ’s investment offerings include the BNZ KiwiSaver Scheme, YouWealth and Private Wealth Series and extends to the Private Bank wealth advisory offering.

Tags: BNZ BT Funds Mint Asset Management