Harbour Strengthens its Investment Management Team

Harbour Asset Management, the Wellington-based investment management company, today announced that Shane Solly will join the firm towards the end of March 2014.

Harbour Asset Management’s managing director Andrew Bascand said, “Shane has worked in financial markets for over 20 years and brings with him a wealth of experience in managing client’s money over many market cycles.”

At Harbour, Shane will contribute to the team’s equity research and portfolio management. He joins Harbour from Mint Asset Management where he was Head of Equities for seven years. He has also had senior roles at Goldman Sachs (NZ) Ltd, ING (NZ) Ltd and AXA Ltd. In these roles Shane has helped manage clients’ money across high conviction NZ and Australasian equity portfolios and listed property portfolios. Shane is well respected in markets and has helped deliver impressive investment performance for his clients over many years.

Andrew Bascand says Harbour is pleased to have Shane join the team as this further strengthens the experienced and proven equities team. Andrew will remain portfolio manager for the equity growth portfolios and Craig Stent remains portfolio manager for Harbour’s equity income portfolios.

“We know that Shane is excited by this new challenge and looks forward to working within a well resourced team that is focused on delivering a high level of client service, helping our clients grow their wealth through deep research and a disciplined and robust investment process.

“Shane’s appointment supports our intention to widen the range of investment solutions that Harbour offers. We plan to launch a wholesale listed property fund and a retail and wholesale high conviction Australasian equities fund in the coming months,” Andrew Bascand said.

ENDS

About Harbour

Harbour is a New Zealand-based asset manager with extensive professional investment experience managing funds for large government institutions, corporate superannuation funds, multi-nationals, charities and mezzanine platform providers (such as KiwiSaver funds).

Established in January 2010 with capital and infrastructure provided by First NZ Capital, the Harbour team previously worked together for up to 10 years as the NZ Equity team at a large global investment manager. With the launch of Harbour, the Harbour Australasian Equity Fund was formed and funded in April 2010. In January 2012, the team launched the Harbour Australasian Equity Income Fund.

In January 2011, Harbour established a New Zealand Fixed Interest team and took over the management of the Harbour NZ Corporate Bond Fund. In May 2011, Harbour launched the Harbour NZ Core Fixed Interest Fund. In April 2012, the team launched the Harbour NZ Short Duration Fund.

The Harbour team comprises Blaine Abraham, Andrew Bascand, Kevin Bennett, Mark Brown, Anne-Marie Carian, Susanna Fuerst, Christian Hawkesby, Jody Kaye, Simon Pannett, Oyvinn Rimer, and Craig Stent. The Directors of Harbour are Graeme Wong (independent chairman), Wayne Stechman (independent director and head of audit committee), Bill Trotter, Andrew Bascand and Richard Bodman.

Harbour has been recognised in the industry by receiving the following awards, “Best Investment Management Company in NZ 2013” from World Finance and “Best Asset Management Company in NZ 2013” from the International Finance Awards.

12:24PM Friday, 31 January, 2014