Kiwi Wealth personnel don't feature in Fisher Funds new investment management team
Fisher Funds has revealed its new investment management team post the takeover of KiwiWealth, but few of the KiwiWealth team have survived the merger.
Saturday, March 11th 2023, 10:19PM 
1 Comment
While Fisher Funds says its investment team has been "bolstered by the addition of seven of the Kiwi Wealth team" none of those people were senior members of the Kiwi Wealth business,
Fisher says it now has "one of the largest and most experienced investment teams in the country."
Fisher Funds chief executive Bruce McLachlan says, in a statement, “we have been working hard to integrate the two businesses, firstly confirming a new management team last month, and now I am pleased to introduce our clients to our new investment management team."
“While the newly expanded team brings new knowledge and expertise, our DNA remains the same. Our core investment philosophies haven’t changed, and we remain committed to great investment outcomes for our clients.”
In the new team the highest placed Kiwi Wealth people are 
Daniel Collett who is head of portfolio management and 
Greg Hayton as fixed income portfolio manager and senior fixed income trader. Collett is responsible for trade implementation, ensuring efficient market access, and providing support to the wider investment team.
The others are in execution roles, analysts, junior trading roles, risk and analytics and project management.
Ashley Gardyne is Fisher's new chief investment officer. Previously, he was a senior portfolio manager with responsibility for international equity strategies.
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The fact that 80% of the KW team were let go and 0% of the Fisher team does rather stick in the craw.
One has to wonder if these decisions were made in the interests of clients and continuity or cutting costs to satisfy their backers.
Losses include laying off 5 Women the day before International Womans Day.
That includes Holly Marshall one of the top Responsible Investment specialists in the country who has been helping to lead and shape the debate on the implementation of RI in New Zealand and may now be permanently lost to overseas.