(26 November 2012 – New Zealand) Gareth Morgan Investments (GMI) has announced the appointment of Simon O’Grady as its new chief investment officer (CIO).O’Grady has been working on a consultancy basis with GMI following its acquisition by Kiwibank earlier this year.
The company’s founder, Gareth Morgan, said: “I am delighted to have Simon join the business. I’ve been working with him for the past five months and have been impressed by his intellect and his understanding of what makes GMI so special.
“As I move into a governance role, I had to be sure I was handing over the reins in terms of overseeing our investments and clients to the right person. Simon is that person. I’ve no doubt that he will encourage us to even greater heights.”
O’Grady has a solid track record in wealth management, with over 12 years working for Suncorp in Australia, most recently heading Global Premia Investments, a joint venture with Tyndall prior to its acquisition by Nikko Asset Management.
GMI also recently announced the appointment of Dr Diana Gordon as the Senior Fixed Interest Strategist in the Investment Strategy Team.
Gordon is a global credit expert with over 20 years’ experience in managing fixed interest funds with global investment managers, including Saudi International and Goldman Sachs Asset Management in London and New York.