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Sovereign Wealth Funds

New Zealand Super names acting CEO to permanent position

Matt Whineray
Matt Whineray

Matt Whineray, acting CEO of the New Zealand Super Fund, will become permanent CEO on July 1, according to an announcement by the Auckland-based NZ$38 billion ($26.7 billion) sovereign wealth fund.

At the end of a global search, Mr. Whineray emerged as "the stand-out candidate," Catherine Savage, the chairwoman of the fund's board, said in a news release Tuesday.

Mr. Whineray was serving as chief investment officer when he was elevated in February to acting CEO after longtime chief Adrian Orr left to become governor of New Zealand's central bank.

Mark Fennell, the fund's general manager of portfolio completion, was tapped at that time to serve as acting CIO.

A New Zealand Super spokeswoman said Mr. Whineray will ultimately decide on how to permanently fill the CIO position.