After an extensive international and New Zealand wide search, Milford Asset Management has today announced the appointment of Troy Swann as its new Chief Executive Officer.

Troy joins Milford after over 15 years experience in the asset management industry. His major role has been General Manager, Boutiques and Joint Ventures, at NAB Asset Management. In this role he drove the buildout of NAB’s asset management businesses, leading the acquisition and establishment of boutique investment management firms across a wide range of asset classes in Australia, the United Kingdom, United States, Canada and Asia.

Prior to that, Troy spent 3 years in various strategic roles in MLC’s wealth management divisions including General Manager, Strategy in National Wealth Management.
Previous roles included strategy and operations in National Australia Bank, MLC, Andersen Consulting (now Accenture) and as an economist at the Reserve Bank of Australia.

Mark Cross, Chairman, said “The Board is delighted to make this appointment and believes that Troy brings a deep understanding of how a boutique asset management firm such as Milford can continue to deliver superior outcomes for its clients.  Troy has significant experience in our industry at an international level, and also brings a wealth of people leadership experience that Milford will benefit from as the firm continues on its growth trajectory”.

Reflecting on his appointment, Troy said he was particularly attracted to Milford because of its strong client focus and emphasis on a sophisticated investment proposition.  “I’m looking forward to joining a business with such strong momentum and with a unique proposition in the New Zealand market and a presence in Australia.  I’m excited about being part of a business in which clients are the key priority and staff are aligned with client goals.”

Troy will be relocating with his family to Auckland from Sydney to take up his appointment effective 31 October, with Bryce Marsden continuing as Acting CEO in the interim.