Guardians board member reappointed
Business leader David McClatchy has been reappointed to the Guardians of New Zealand Superannuation Board for a further three years, effective October 1.
Business leader David McClatchy has been reappointed as a Member of the Guardians of New Zealand Superannuation Board, effective October 1 this year. Finance Minister Nicola Willis announced the decision, highlighting McClatchy’s ongoing contribution to the board’s stability and continuity. The Guardians oversee investments for the NZ Superannuation Fund and the Elevate NZ Venture Capital Fund, which together were valued at $94.4 billion as of June 30.
Finance Minister Nicola Willis stated that McClatchy’s reappointment recognises his strong commitment and extensive experience in managing large investment businesses. She noted his roles in overseeing portfolios for mutual societies, corporates, superannuation funds, and sovereign wealth funds, as well as his governance experience within the investment sector.
The reappointment is expected to maintain governance leadership and investment expertise on the board, supporting the continued growth of the NZ Superannuation Fund and Elevate NZ Venture Capital Fund. The Government emphasised the importance of robust investment performance to fulfil the mandate of growing New Zealand’s sovereign wealth funds for future generations.
McClatchy has served on the Guardians board since 2021. His reappointment follows a period of heightened volatility, uncertainty, complexity, and ambiguity in the investment environment, underscoring the Government’s focus on stability and long-term performance.