David McClatchy has been appointed to the Board of the Guardians of New Zealand Superannuation, the entity that manages the NZD58.6 billion NZ Super Fund, for a five-year term beginning 1 October 2021.

A respected business leader and financial markets professional, Mr McClatchy has returned to New Zealand following a successful career based in Sydney, Australia.

There he served as Group Chief Investment Officer of Insurance Australia Group and Managing Director at IAG Asset Management until 2019, and before this held the role of CEO and Chairman at ING Investment Management Australia Ltd. Before his move across the Tasman, David spent sixteen years with banking and investment management companies in New Zealand.

Over the course of his career Mr McClatchy has run and directed multinational investment organisations across New Zealand, Australia and Asia, managing funds for insurance firms, corporates, sovereign wealth funds, superannuation funds, iwi and charities.

Guardians’ Chair Catherine Drayton commended the appointment. “Maintaining the highest standards of corporate governance is critical to achieving the Guardians’ long-term mission and purpose. David is a world-class candidate; he has a wide perspective on matters both investment and enterprise-related, and a firm understanding of the social and environmental impacts of investment decision-making.

“I look forward to working with him and sharing in the challenge of delivering greater financial certainty for future generations of New Zealanders.”

Since returning home, Mr McClatchy has sought to use his investment and financial markets background across several community-oriented initiatives including joining the Investment Advisory Committee of the Acorn Foundation and the board of Waipuna Hospice Inc. He also sits on the boards of listed investment companies Barramundi Limited, Kingfish Limited and Marlin Global Limited.

“The Guardians occupies a unique position in New Zealand’s economic landscape and I am very pleased to be joining its Board. I look forward to using my financial markets experience and investment management background, applying my knowledge and experience in asset management, liquidity, sustainability and stakeholder management, to contribute positively to its governance during my term,” says Mr McClatchy.  

Mr McClatchy replaces Simon Botherway, whose Board term expires at the end of September. Ms Drayton has applauded Mr Botherway for his contribution to the Guardians over the past three years.

“Simon departs the Guardians’ Board having made an enduring impression on his fellow-Board members and the organisation more generally. His deep investment experience, intelligence and quick wit will be missed,” says Ms Drayton.