NZ Super Fund

Our Board members are selected for their extensive experience, training, and expertise in managing financial investments. They bring a diverse mix of complementary skills to the table.

Appointment process

Board members are appointed by the Governor-General based on the recommendation of the Minister of Finance. This recommendation follows nominations from an independent committee established by the Minister. The Minister consults with representatives from other political parties in Parliament before making a recommendation to the Governor-General.

Board composition

Size: The Board consists of at least five, but no more than seven, members.
Term: Each member serves a term of up to five years and can be reappointed.

Governance and oversight

The Guardians’ governing legislation, the Board Charter (including the Board Code of Conduct) and Delegations Policy outline the roles and responsibilities of the Board, its members and management. While day-to-day operations are managed by the Chief Executive, the Board has overall responsibility for the Guardians’ affairs and certain key decisions are reserved for the Board.

The Board regularly reviews its delegations and governance priorities. Board members meet with global peer funds and investment managers and attend international peer forums to stay updated on best practices.

Committees

The Board has two standing committees:

Audit & Risk
People & Culture

Additional committees may be formed as needed to manage conflicts or other specific purposes.

Remuneration

Board Members: $70,995 per year
Chairperson: $141,990 per year
Committee Chairs: $78,095 per year

John Williamson
LLM, LLB, BA Chair of the Guardians Board

John is a private company investor. He has deep operational and financial expertise gained from leadership roles in listed and private equity-owned companies across multiple sectors, including as Group Chief Executive of ACG Education, Group Managing Director of investment holding group Hellaby Holdings and senior leadership positions with Fletcher Building and Bendon. His experience spans mergers and acquisitions, investment, distribution, manufacturing, industrial services, retail and education businesses in New Zealand and Australia. John is Chair of Ritchies Transport Holdings and a former Chair of Hockey New Zealand.

Committee membership:

Audit and Risk

People and Culture
Fiona Oliver
BA, LLB

iona is a highly experienced director with governance roles spanning infrastructure, technology, commercial property, professional and financial services, and sport. She is a director of Summerset Group and Freightways, and Chair of Kingfish, Barramundi, and Marlin Global. Fiona has held leadership roles in funds management for Westpac and AMP in New Zealand, commercial roles in asset management and private equity in Sydney and London, and was a senior corporate and commercial lawyer focused on mergers and acquisitions. She received the New Zealand Shareholders Association Beacon Award in 2021.
Committee membership:
People and Culture (Chair)
Sue Brake
MA, BA, BSc

Sue has 25 years’ experience in leadership roles and is a globally recognised investment and risk management expert. Previously she was Chief Investment Officer of Australia’s Future Fund, Head of Strategic Advisory for WTW, an External Expert on sovereign wealth management for the International Monetary Fund (IMF), a Senior Investment Strategist with the Guardians of New Zealand Superannuation, and Head of Capital Markets for NAB. She is a Board director and committee chair for Aware Super, member of the Investment and Risk Advisory Panel advising the Monetary Authority of Singapore, director of TCorp and Chair of the Advisory Board of Dragonfly Thinking.

Committee membership:

Audit and Risk
Henk Berkman
PhD, MCom

Henk’s extensive expertise spans investment, corporate finance and corporate governance. He is Professor of Finance at the University of Auckland, has a fractional Research Professor appointment at the University of Sydney, and completed his PhD at Erasmus University Rotterdam. He has published extensively in leading finance journals, was adjunct director at Arthur Andersen Global Corporate Finance, and has consulted to multinationals and market regulators globally. His former directorships include SIRCA and Rozetta Technology. Henk is President of Auckland’s Dutch language school and a lay member of the High Court of New Zealand.

Committee membership:

Audit and Risk
Hinerangi Raumati Tu’ua
MNZM, BMS, MMS Chair, Audit and Risk

Hinerangi was formerly Chief Financial Officer at Tainui Group Holdings and Executive Director Operations at Te Wananga o Aotearoa. She is Chair of Tainui Group Holdings, Te Pou Herenga Pakihi, Nga Miro Trust and Turangawaewae Trust Board, and is a director of Genesis Energy. Hinerangi has previously held governance roles with the Reserve Bank of New Zealand, Watercare, Aotearoa Fisheries, Sealord Group, Parininihi Ki Waitotara Incorporation, Port Nicholson Fisheries, Te Ohu Kai Moana Trustee, Auckland Council Investments, Public Trust, Waikato Community Trust and Taranaki Iwi Holdings. Hinerangi was made a Member of the New Zealand Order of Merit in 2012, and she was inducted into the New Zealand Business Hall of Fame in 2025. She is a Fellow of Chartered Accountants Australia and New Zealand.
Committee membership:
Chair, Audit and Risk
David McClatchy
BCom

A respected business leader and financial markets professional, David returned to New Zealand following a successful career in Sydney. He was Group Chief Investment Officer of Insurance Australia Group (IAG) and Managing Director of IAG Asset Management until 2019. Before this David was CEO and Chairman at ING Investment Management Australia and spent 16 years in banking and investment management in New Zealand. He has led multinational investment organisations across New Zealand, Australia and Asia. David is a director of Kingfish, Barramundi and Marlin Global.
Committee membership:
Audit and Risk
Andrew Wilson
MA

Andrew has over 30 years’ experience in global investment markets, having held senior leadership roles at major asset management firms. Andrew worked at Goldman Sachs Asset Management for 25 years, where he was CEO of Goldman Sachs Asset Management International (Europe, Middle East and Africa) and Head of Fixed Income, Currency and Money Markets. Earlier in his career, Andrew held positions at the Reserve Bank of New Zealand, Bank of England and Rothschild Asset Management. Andrew is on the Investment Committee for the Top of the South Foundation.
Committee membership:
People and Culture