Defeated supercity mayoral candidate John Bank is taking over as executive chairman at Huljich Wealth Management.Former National Party leader and ex-Reserve Bank governor Don Brash, who has been with the company since it began in 2007 and acted
Defeated supercity mayoral candidate John Bank is taking over as executive chairman at Huljich Wealth Management.
Former National Party leader and ex-Reserve Bank governor Don Brash, who has been with the company since it began in 2007 and acted as executive chairman at Huljich for the past seven months, is leaving the board and the company.
"I'm looking forward to this new role," Mr Banks said. "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.
"Huljich Wealth Management now manages one of the largest KiwiSaver schemes in the country, with more than 90,000 members. We're also expanding our operations in managed funds and into insurance, and both of these new areas of business offer exciting possibilities.
"I'd like to take this opportunity to thank my colleague Dr Brash for his substantial contribution to the company. He 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.
"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," Mr Banks said.
Mr Banks said that Huljich will appoint another director to take Dr Brash's place in due course.
