Kirsty Mactaggart appointed to Guardians’ Board
POSTED ON: 23 February 2021
Kirsty Mactaggart has been appointed to the Board of the Guardians of New Zealand Superannuation, serving a five year term beginning in April 2021.
Ms Mactaggart brings extensive global capital markets experience, with a particular focus on corporate governance. She was Head of Equity Capital Markets for Asia Pacific with fund manager Fidelity from 2005 until 2018, and before that spent eleven years as Managing Director at investment bank Citigroup in both Europe and Asia.
Guardians’ Chair Catherine Savage welcomes the appointment saying, “Kirsty is a well-respected industry leader with a unique global perspective developed over her varied career. Her appointment comes at a challenging time in financial markets and we look forward to receiving the benefit of her expertise.”
Along with her experience working and living in London, Hong Kong and Singapore, Ms Mactaggart has spent extended periods of time on transactions in Korea, Thailand and Australia. Originally from Scotland, she now lives permanently in New Zealand.
Ms Mactaggart currently works as an independent director and advisor on the boards of listed infrastructure investment company Infratil and private investment company BBRC Worldwide. In addition to her board roles she acts as an advisor to companies on initial public offerings and capital raisings.
“I am very pleased to be joining the Guardians’ Board and contributing to its ongoing success,” says Ms Mactaggart.
“The NZ Super Fund is set to play an increasingly significant role in New Zealand’s capital markets over the next decade, and beyond. I am looking forward to the challenge of helping see the Fund through its next phase of growth.
“As a global capital markets professional with over 25 years’ experience I will work to ensure the Guardians protects and grows the Fund for the benefit of New Zealand’s future generations.”
Guardians’ Board members are appointed by the Governor General on the recommendation of the Minister of Finance. The Minister’s recommendation follows nominations from a committee, independent of the Guardians, which is established by the Minister.
On receiving those nominations, the Minister consults with representatives of other political parties in parliament before recommending the Governor General appoint a person to the Board.