Harbour Asset Management Builds Its Fixed Income Business
Harbour Asset Management (Harbour) today announced the addition of Mark Brown who will move from First NZ Capital
Investment Management to become Director – Fixed Income Portfolio Management at Harbour.
Harbour's chairman Graeme Wong said, “Mark has over 18 years fixed income portfolio management experience in Wellington
and London, primarily in the investment team that evolved at National Mutual, AXA, and Alliance Bernstein. He brings a
strong investment track record, a deep understanding of the local fixed income market, and a culture of care for
clients.”
Mark Brown’s appointment further strengthens the Harbour fixed income team and follows last month’s announcement that
Christian Hawkesby will join Harbour as Director - Head of Fixed Income.
Mark’s move to Harbour will also provide continuity of resources and investment process when First NZ Capital Investment
Management’s Abacus NZ Bond Fund (Fund) transfers to Harbour on 31 December 2010 and becomes the Harbour NZ Corporate
Bond Fund.
Harbour is assuring existing investors and supporters of this Fund, that there will be no change to the investment
objective or the investment mandate. Investors will continue to access a tax efficient and diversified portfolio of
quality New Zealand investment grade fixed interest securities that distribute income on a regular basis.
"I am delighted to announce Mark Brown’s appointment. It demonstrates Harbour’s commitment to invest in our business and
to offer a full service asset management operation. Mark's local market background will complement Christian's global
fixed income experience. This combination gives Harbour a very well-resourced, highly professional, client-focused fixed
income team that will start 2011 with significant funds under management," Graeme Wong said.
ENDS