Milford appoints new managing director

A new managing director will sit at the helm of Milford Asset Management.

Anthony Quirk has been appointed to the newly created role in anticipation of the company’s “strong growth” in its managed funds.

Milford has more than $560 million of funds under management, including some $74m in the Milford Aggressive Fund, one of New Zealand’s fastest growing unit trusts.

It has a KiwiSaver offering that has the same investment portfolio as the Aggressive Fund.

Milford chairman Richard Somerville says Mr Quirk’s appointment “brings considerable experience to the role”.

Mr Quirk has more than 25 years experience in the investment industry and successfully grown funds management businesses prior to joining Milford in 2007.

At Tyndall Investment Management where he was managing director, he saw the company’s managed funds grow to $3.6 billion, and the company capture the Institute of Finance Professionals New Zealand fund manager of the year in 2005 and 2006.

At ANZ Funds Management where he was general manager, he helped grow its managed funds from $400m to more than $2b at the time he left in early 2000.

Mr Somerville says Mr Quirk has continued to make “a strong contribution to Milford in many areas of the business”.

“The appointment reconfirms Milford’s commitment to reinvest into its business to ensure we offer top quartile investment performance and excellent service to our clients,” Mr Somerville says.

Mr Quirk is a fellow and board member of IFPNZ.

He was chairman of the Asset Management Advisory Board of the New Zealand Exchange, member of the Financial Reporting Standards Board of the New Zealand Society of Accountants and Deputy Chairman of the New Zealand Society of Investment Analysts.

- © Fairfax NZ News