Tower appoints new investment managers

"Tower's investment management team is now the largest in New Zealand, which is a measure of our commitment to further expansion of Tower's growing investment business across KiwiSaver, personal superannuation, institutional asset management, and retail fund management," said Tower Investments chief executive Sam Stubbs.

"I am delighted with the calibre of our enlarged investment management team. We are optimistic about the long term prospects for KiwiSaver and are ready for growth."

The following personnel have been confirmed as the investment managers of the Tower Asset Management team:

Head of fixed interest - Craig Alexander (internal promotion)