Limerick-born ‘titan’ of New Zealand’s investment industry dies

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Brian Gaynor, the Irishman who made a name for himself as New Zealand’s champion investor, died over the weekend at the age of 74.

Originally from Limerick, Mr Gaynor founded Milford Asset Management in 2003 after serving on the board of the New Zealand Superannuation Fund, a sovereign wealth manager.

Milford manages assets worth over €9 billion and is a leading service provider to the Kiwisaver self-enrollment pension scheme in New Zealand. The company employs 170 people and has 80,000 customers in New Zealand and Australia.

Mr Gaynor arrived in New Zealand in the 1980s and, as local media report, accidentally landed in investing after arriving in the country “with a rucksack on his back” and running out of money. money. He started working with broker Daysh, Renouf & Co.

He then worked as a partner and head of research at leading New Zealand investment adviser Jarden, was a member of the country’s stock exchange, and chaired both the New Zealand Society of Investment Analysts and the Asian Securities Analyst Council.

He was an adviser to former Labor Party Prime Minister David Lange in the late 1980s. He lived in the country’s largest city, Auckland.

New Zealanders knew Mr Gaynor best as a columnist for the NZ Herald newspaper and later for BusinessDesk, a news agency in which he was an investor.

Tributes from former colleagues in business and the media have all highlighted his advocacy for the rights of small investors and for strict stock market regulation.

His columns have regularly taken contrary positions, warning against the sale of key New Zealand national assets to foreign interests unlikely to prioritize the interests of his adopted country.

New Zealand Stock Exchange (NZX) chairman James Miller called Mr Gaynor a “titan” of the country’s capital markets. “Brian would be one of the most influential people in the 150-year history of New Zealand capital markets and the NZX,” he said.

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