Ana-Marie Lockyer moved from chairman to chief of Pie Funds, and Mike Taylor, founder of boutique fund management firm and KiwiSaver firm, returned to full-time investing mode.
Lockyer joined Pie’s board shortly after joining the board in 2019. First head of AA Moneya then-new partnership between AA and Suncorp.
Prior to joining AA Money, he spent almost ten years in various senior wealth management roles at ANZ and joint ventures between banks and ING.
“It’s the right time for me and the company to take over operational leadership of the business,” said Taylor, who has led the company for nearly 15 years since it was founded in 2007, in a statement.
For most of those 15 years, he also served as Chief Investment Officer (CIO), with the exception of three years. Until March 2022 When Mark Devcich got the role.
Devcich and former Pie Portfolio Management colleague Chris Bainbridge new investment boutiqueDiscovery Fund, last month.
Taylor will remain Pie’s CIO and Executive Director following the change in leadership, stating, “We invest everything in our clients’ investments to deliver strong, consistent and sustainable outperformance – the foundation on which we started our business 15 years ago.” You can focus your time on
He also leads responsibility for growing the Pie investment team (currently around 12 people), which has gone through several changes over the years, with offices now in Sydney and London, in addition to its homes in Auckland and Havelock North. did. The manager has expanded from an initial Australian small cap focus to global equities.
Pie manages about $2.3 billion, including nearly $500 million in the related Juno KiwiSaver scheme.
In his last role at ANZ, Lockyer was Head of Asset Products, with responsibilities that included the operation of the bank’s three KiwiSaver schemes, which accounted for about a quarter of the total market.
“Over the past two years, I have worked closely with Ana-Marie as Chairman of the Board of Pie Funds and have found such a talented individual to be outstanding at every level of her financial services career. The reins of the executive,” Taylor said. “She would be a great fit for the team, our investors and shareholders.”
Graham Ansell, former CIO of ANZ Investments, is also an advisor to the Pie Investment Committee.
Meanwhile, Midlands Fund Management, a Hastings-based licensed mortgage investment firm, has appointed Reese Trussler as Chief Executive Officer.
Trusler succeeds Anton Douglas, who led the approximately $110 million mortgage fund specialist from October 2020 to July this year.
Prior to joining Midlands in September, he spent more than three years as Managing Partner at Southern Cross Partners, a real estate financing firm, where he held a wide range of responsibilities across operations, risk, compliance, finance and other areas.
Previously, he held senior financial firm roles between Oakland-based GE Capital and Wells Fargo for nearly ten years.
The Midlands grew out of the second mortgage industry, sourced by Hawke’s Bay lawyers, along with similar firms once scattered across New Zealand. Along with Norfolk Mortgage Management and Auckland-based First Mortgage Managers, Midlands is one of the few companies in the sector to transition to a licensed managed investment scheme regime in 2016.
https://investmentnews.co.nz/investment-news/lockyer-takes-top-pie-role-midlands-finds-new-chief/ Lockyer serves as the head of Pie.Midlands find new chief