NZ Economy: Funds Management “Back Office” A Step Closer
April 16th, 2010
A private sector working group is to advise on the steps needed for New Zealand Inc. to create an international fund services industry.
The International Fund Services Development Group, chaired by long-time financial markets participant Craig Stobo, will look at what is needed to establish such an industry, along with associated activities to make NZ a popular accounting and administration centre for international fund managers.
Other members of the group are Caniwi Capital Partners chair and chief executive Troy Bowker – a personal acquaintance and former professional colleague of John Key with a background in structured finance; Citigroup NZ CEO Mark Fitzgerald; BNP Paribas NZ CEO Hugh Stevens; and Tower Investments chief executive Sam Stubbs.
]The group is required to report by the end of May, and is supported by a secretariat from the Ministry of Economic Development.
Copyright © The Main Report Group
