Harbour granted a Managed Investment Scheme License

NEWS RELEASE: 5 February 2015

Harbour Asset Management, the Wellington-based investment management company, today announced that is has been granted a Managed Investment Scheme (MIS) Licence by the Financial Markets Authority (FMA).

Jody Kaye, Harbour’s Chief Operating Officer and Head of Client Servicing said, “Harbour is proud to be the first established fund manager to be granted an MIS license.”

Under the Financial Markets Conduct Act managers of registered managed investment schemes, other than restricted schemes, are required to be licensed by the FMA under Part 6 of the Financial Markets Conduct Act 2013. From 30 January 2015, Harbour is licensed to provide the following market service:

Manager of a registered scheme (other than a restricted scheme)
Class of service; in respect of managed funds (including KiwiSaver, superannuation, workplace savings schemes).

Harbour became an early adopter of FMA regulation as we fully support the FMA’s mandate to promote and facilitate the development of fair, efficient and transparent financial markets.

Under the Financial Markets Conduct Act the manager of a registered managed investment scheme, other than a restricted scheme, must be licensed.

Mr Kaye said, “This license is the culmination of coordinated documentation of Harbour’s strong corporate governance and compliance, our experienced investment team, our robust investment process and our operational capability.

“We believe that this MIS license will provide our investors with further confidence that their money is being managed to best practice standards. While being granted a MIS license is a significant milestone for Harbour, we fully appreciate that this is just a step in our journey of regulatory compliance, and thank the FMA for their thorough and efficient assessment of our license application.”

For further information, please contact:

Jody Kaye

T: 09 365 1923

Chief Operating Officer & Head of Client Servicing

M: 021 977 917

Harbour Asset Management

E: jody@harbourasset.co.nz

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 Lee, Christian Hawkesby, Jody Kaye, Simon Pannett, Oyvinn Rimer, Shane Solly 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.

12:43PM Thursday, 05 February, 2015