NZ superchief confirms exit before Christmas

Longtime Chief of NZ Superannuation Fund (NZS) Matt Winneley is set to step down by the end of the year.

In a statement this morning, NZS Chairman Catherine Drayton confirmed that Winneley is leaving the now $60 billion sovereign wealth fund after 15 years in the organization and five years in the top position.

“After five years as CEO and previously as Chief Investment Officer, Matt has spearheaded significant growth for the NZ Superfund, far exceeding investment performance benchmarks,” Drayton said in a release. . “Earlier this week, the Fund Global SWFs As the world’s highest performing sovereign investor over the past decade.”

Winneray concludes his career at NZS by completing “a number of important current work programs” over the next few months before his planned pre-Christmas exit.

“We are proud of the fund’s strong investment track record, our commitment to responsible investment, and the stewardship of the NZ Superfund team, which is globally recognized for reporting and transparency.” It is the result of many years of hard work by all members of the team and the board.”

Previously Chief Investment Officer, Whineray replaced Adrian Orr as NZS leader in 2017. Orr left NZS after his ten years in charge and assumed his current role as NZ Governor’s Reserve Bank.

Winneray will “take time to consider what to do next,” the release said.

NZS is expected to more than double in size over the next decade, but chief executive positions are among the highest paid public service roles, with Winneley earning more than $1 million in revenue last fiscal year. is raising