New Investment Operations Manager appointed

[ Thursday, 18 March 2010 ]

Chris Lynch has joined Fidelity Life
Chris Lynch joins Fidelity Life



Fidelity Life appoints Investment Operations Manager


Fidelity Life has appointed Chris Lynch to the newly created
role o
f Investment Operations Manager which will see him sit as a full member of the company’s investment management committee.


Chris will primarily be responsible for preparing the life insurance and investment company for the introduction of the new life insurance taxation regime which comes into play on July 1. 


He will also assist with the launch of the company’s life fund Portfolio Investment Entity (PIE) in 2011.


Chris joins Fidelity Life with more than 15 years investment industry experience, including 10 years at Tyndall Investment Management as a senior manager. 


Chris’ extensive experience in fund accounting, client reporting and compliance places him in an

ideal position to assist the company with the many changes it faces in life insurance tax. He is
also an Associate Chartered Accountant.


Fidelity Life chief executive Milton Jennings says the role of Investment Operations Manager has been established to help transition Fidelity’s life investment products into this year’s new tax regime.


“The introduction of the new legislation will see a complete overhaul of how investment products are structured and will involve new unit-pricing and compliance systems. 


“As well as the implementation of these new systems, all companies will be required to show how
the income from investment products has been accounted for in the past.


“We are fortunate to have someone of Chris’ calibre to assist us with the successful implementation of mandated compliance from a business perspective,” says Jennings.


Chris’ fund management experience and knowledge of the New Zealand industry will also be well utilised within his role as Fidelity Life prepares to launch its life fund PIE next year.




 18 March 2010

This email was sent by Fidelity Life Assurance Company Limited, 81 Carlton Gore Road, Newmarket, Auckland 1023.
While Fidelity Life Assurance Company Limited (Fidelity Life) has made its best endeavours to ensure the information in this Marketing Flash is accurate, neither Fidelity Life nor any company or person associated with the document takes any responsibility for any incorrect or outdated information contained herein or for actions taken as a result.  In preparing the email, the author has not taken any individual investor's personal circumstances into account and this email should not be relied upon as the basis for an investment decision.  This email is intended for Fidelity Life advisers only and is not to be distributed to members of the public.  This email is not a recommendation or an offer of securities under the Securities Act 1978.  Investments will be accepted only on the application form in the investment statement, a copy of which can be obtained free of charge from Fidelity Life. No part of this email can be copied or reproduced without the prior permission of Fidelity Life.
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