Still lots of paper, but numbers bigger

00:00, Jun 20 2014

A former Palmerston North paper boy has been appointed to a top position with the New Zealand Superannuation Fund.

In 1981 an 11-year-old Matt Whineray started his first job delivering the Manawatu Standard, then known as the Evening Standard.

Whineray, now 44, said it was an enjoyable job, and one that helped prepare him for his new role as the chief investment officer of the New Zealand Superannuation Fund.

He delivered on the Slacks Rd route or would delegate one of his siblings to do it.

"I was the one on the books," he said.

"I think it was about 10 or 11 dollars a week.


"It required organisation and delegation to get my sisters and brother doing it. Having that thing that had to be done every day - it was an early lesson in responsibility."

His new role also involves a lot of responsibility.

As the chief investment officer he will manage a team of 35 investment professionals with responsibility for asset allocation, public and private market investments and the appointment of external investment managers.

". . . it's just an ongoing effort to try and continue to grow the pot so all those future paper boys have something to retire on in the future."

Whineray attended Riverdale School, Monrad Intermediate and Palmerston North Boys' High School.

He delivered the Standard for about three years.

He then went on to study law/commerce in Auckland and started his career as a lawyer before moving into finance and investments.

Whineray started with the Super fund six years ago as the general manager for private markets.

He said as a paper boy he had a very easy definition of success, which he didn't have in his new role.

"This one, it's a harder job . . . there's no finish line with this one."

Despite that, even if the money was better, Whineray said there was no turning back.

"There is a lot more fresh air doing the paper run - on the flipside, at least I don't have to deliver papers in the Palmerston winter."

Manawatu Standard