H.R.L. Morrison and Co, a specialist in alternative asset management, has announced changes to its board, including the departure of Marko Bogoievski who will step down as chief executive (CEO) at the end of the year and will be replaced by Paul Newfield, current head of Australia and New Zealand.
The firm’s chair, Rob Morrison, announced first in February that Bogoievski would be stepping down as Infratil’s CEO and Jason Boyes would take over from 1 April.
At the same time, it was announced that he would continue to be Infratil’s appointed director of Vodafone New Zealand and Telstra InfraCo Towers.
Bogoievski would also continue as operating partner, providing guidance for investments in telecommunications and digital infrastructure, and would be pursuing his own personal investment interests.
“After 33 years and just two CEOs, it is timely for a new leader to take the helm, bringing a new perspective to that role while preserving the purpose-driven, high-performance culture, which has been a hallmark of Morrison and Co,” Morrison said.
“The board and employees at Morrison and Co thank Marko Bogoievski for 13 years of outstanding leadership. Since his appointment as CEO in 2009, Marko has delivered exceptional returns for Morrison and Co and our clients. The hallmark of his strategy was the early recognition of emerging infrastructure themes, and the conviction to invest in ideas that matter.
“He built an impressive leadership team and has established the business as a global infrastructure investment manager growing funds under management from NZ$2.1 billion ($1.98 billion) in 2009 to NZ$21.5 billion today.”
Newfield would be just the third CEO of Morrison and Co since it was founded by Lloyd Morrison in 1988, and for the past decade he led the Australian expansion of the firm, personally overseeing investments into sectors including renewable energy and healthcare services.
He said his goal would be to build on the growth momentum in Morrison and Co and elevate it to become the leading global infrastructure investment manager.
