The New Zealand Superannuation Fund has appointed a chief operating officer, effectively joining up the previously separate investment operations and corporate services divisions.
Mark Fennell, who is company secretary of the Warehouse Group, will join the fund as chief operating officer commencing July 16. Reporting to him will include the head of operations, Peter Bennie, whose investment operations unit includes two investment operations managers and a portfolio manager. The corporate services division includes the head of strategic projects and IT, Glenn Read, the head of communications, Karine Fox, and office administration and management, who all previously reported direct to the chief executive, Adrian Orr. Also reporting to Fennell will be head of risk, Mark Thomas, who currently reports through to finance. However, the head of responsible investments, Anne-Maree O’Connor, will continue to report directly to Orr, as does the chief investment officer, Paul Dyer. The Warehouse Group is a large New Zealand discount department store operator. It sold out of Australia late in 2005. NZ Super had $NZ12.1 billion under management as at February 28.
As super fund CIOs return to work for 2025, all eyes are on two things: Donald Trump’s presidency, and inflation. But they’re not the only issues that will drive investment decisions and returns, and some of them may present an unfamiliar set of challenges for a cohort of investment professionals that has grown up experiencing a particular set of market and economic conditions.
Simon HoyleJanuary 7, 2025
