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The chief investment officer of New Zealand’s largest non-government fund manager will leave at the end of this year after it revealed new potential arrangements with Mercer and BlackRock.
BNZ, NAB’s NZ subsidiary, has appointed State Street Global Advisors to replace Vanguard as its core international assets index manager among a raft of investment mandate changes. In disclosure documents filed last week (May 19), BNZ named SSGA to take over passive management duties from Vanguard in global equities and fixed income covering its KiwiSaver…