Sovereign Wealth Funds

New Zealand Super seeks executive recruiter for CEO search

The NZ$37.4 billion ($26.8 billion) New Zealand Superannuation Fund, Auckland, is seeking an executive search firm to help the sovereign wealth fund conduct a search for a new CEO.

The selected firm will seek a replacement for Adrian Orr, the longtime CEO who was appointed late last year as governor of the Reserve Bank of New Zealand. He will leave New Zealand Super and take on the new role in late March.

The RFP called for executive recruiting providers capable of sourcing candidates with "deep and demonstrable experience in the financial services sector, locally or internationally."

Interested parties should contact by 3 p.m., Auckland time on Feb. 1.

The RFP said to be considered eligible, providers must have conducted executive search and placement activities for at least two CEOs in institutions "with a similar pre-eminence and public profile as (NZ Super) within the last three years," as well as experience placing "C-suite candidates in the New Zealand and/or Australian markets within the last two years."

New Zealand-based applications must have an international office or an international partner.