QuayStreet Asset Management appoints new Chairman and Head of Distribution

29 April 2019

QuayStreet is pleased to announce the appointment of a new independent Chairman, Mike Allen and a Head of Distribution, David Buell.

The appointments demonstrate the rapid growth QuayStreet has experienced since its inception 5 years ago, increasing their funds under management to over $870 million. It also signals a clear commitment to drive and grow QuayStreet further within both retail and wholesale markets.

Mike Allen, currently Professional Director with roles in NZ, Australia and UK, has over 25 years of board representation and experience across investment banking, direct investment and general management. His previous positions include Director on the Board of Tainui Group Holdings, Coates plc and China Construction Bank.

“The new appointment to the QuayStreet Board will add new skills to the management of QuayStreet, says Frank Aldridge, Director of QuayStreet Asset Management.

“I am excited about this role and the opportunity to expand an already credible investment management platform. QuayStreet has grown significantly in size over the last few years, which represents a commitment to high quality investment outcomes for their clients and for the market in general. QuayStreet, although a stand alone business, has all the compliance, governance and operational infrastructure provided by the larger parent company Craigs Investment Partners, giving clients confidence that best practise is followed”, adds Mike Allen, new Chairman of the QuayStreet Board.

QuayStreet, 2018 Boutique Manager of the Year FundSource Winner, is led by two experienced investment specialists, Andrew South and James Ring, based in Auckland and Sydney. James’ focus is on International Equities, while Andrew manages Australasian equities including the NZ Equity Fund, recently ranking as the top performing KiwiSaver fund*.

The team was joined by research analyst Xavier Waterstone last year and recently David Buell, Head of Distribution. David joins QuayStreet from AMP Capital, where he held positions as Retail Associate Director and Business Development Manager.

“Our tight knit team has been together for a long time, and we are all very focussed on fund performance. David’s background will add a fresh perspective and new skills to the team” says Investment Manager Andrew South.

“I’m very excited about joining a top performing ‘boutique’ investment management firm with a mandate to grow. I look forward to elevating the QuayStreet brand in the NZ financial services market” concludes David Buell.