Long-serving ACC investment chief calls it a day

Long-serving ACC investment chief calls it a day
Paul McBeth
Accident Compensation Corp's chief investment officer Nicholas Bagnall is calling it a day after spending more than a quarter of a century helping build the state-owned workplace insurer's investment portfolio to some $45 billion. Bagnall will leave ACC this month to set up his own shop - Te Ahumairangi Investment Management - which will focus on international equities. ACC will sign on as a cornerstone customer. "The work Nicholas has done for ACC and New Zealand has been outstanding. This is demonstrated by the ACC investment fund’s...

More Finance

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025
Michael Lorimer exits Grant Samuel amid more sector change
Finance

Michael Lorimer exits Grant Samuel amid more sector change

Lorimer has sold his 80% stake in the corporate advisory firm.

Duncan Bridgeman 26 Jun 2025