John Banks becomes chairman of Huljich

Wednesday 13th October 2010

John Banks is to become executive chairman of Huljich Wealth Management and says he is looking forward to the new role.

"I've been a founding shareholder and a director of the company since its inception in 2007. On 1 November, I'm able to return to a more substantial role and am very pleased to be taking on this additional responsibility."

He says Huljich Wealth Management now manages one of the largest KiwiSaver schemes in the country, with more than 90,000 members.

He says Huljich is also expanding its operations into managed funds and insurance with both areas of business offering exciting possibilities.

Don Brash has been the chairman of the company since the beginning and executive chairman for the last seven months.

He took leave of absence from the board of the ANZ National Bank in order to be executive chairman of Huljich.

Banks says because the ANZ National Bank now has a wholly-owned funds management business of its own, Dr Brash feels that in returning to the board of the Bank he should step down from the board of Huljich.

"We thank him, and wish him every success," says Banks.

Huljich will appoint another director to take Brash's place in due course.

Bank's says Huljich has also strengthened its investment team by appointing Mark Ford as the chief investment officer.

During his career, Ford worked overseas for institutions such as Macquarie Bank and was a member of the Senior Management Team at ING (NZ) for seven years, as head of Institutional and Wholesale Funds Management.

Ford also co-founded Mint Asset Management in 2006 and most recently undertook a strategic role with BNZ in their Private Bank and Wealth businesses.

Ford has been with Huljich since August 2010.

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