New director

The NZ Superannuation Fund has appointed Joe Halapua to oversee its direct investments into New Zealand equities. The $55 billion fund has about $2b invested into NZX-listed companies, including sizeable holdings in A2 Milk, Auckland International Airport, Contact Energy, Fisher & Paykel Healthcare, Meridian Energy, Mercury NZ and Spark. Halapua has been with the sovereign wealth fund since 2011 and is the chair of the risk committee and has worked across both the direct investment and external investments and partnerships teams. He was previously an investment banker at Goldman Sachs JBWere. The fund invest in New Zealand equities through a combination of inhouse investment professionals and through external investment managers Mint Asset Management and Devon Funds Management.