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February 5, 2014updated 04 Apr 2017 2:31pm

Harbour Asset Management strengthens investment management team

New Zealand-based Harbour Asset Management has appointed Shane Solly as its new fund manager, effective from the end of March.

By Verdict Staff

New Zealand-based Harbour Asset Management has appointed Shane Solly as its new fund manager, effective from the end of March.

In his new role, Solly will be responsible for the team’s equity research and portfolio management.

Prior to joining Harbour, Solly served as head of equities at Mint Asset Management for seven years. He also held senior roles at Goldman Sachs (NZ) Ltd, ING (NZ) Ltd and AXA Ltd.

Andrew Bascand managing director of Harbour Asset Management, said: "Solly has worked in financial markets for over 20 years and brings with him a wealth of experience in managing client’s money over many market cycles."

It is reported that Bascand will remain as portfolio manager for the equity growth portfolios, while Craig Stent remains as portfolio manager for Harbour’s equity income portfolios.

Bascand added: "Solly’s appointment supports our intention to widen the range of investment solutions that Harbour offers. We plan to launch a wholesale listed property fund and a retail and wholesale high conviction Australasian equities fund in the coming months."

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