The New Zealand Super Fund is on the hunt for a new CEO to manage its $60 billion investment portfolio.
Matt Whineray has announced he'll leave before Christmas after five years in charge.
Whineray says he feels privileged to have led a team that's developed the fund into "a world-class investor, generating significant value for current and future New Zealanders".
Chair of the Super Fund Guardians Catherine Drayton said Whireway would be sorely missed.
”In his five years as CEO, and previously as Chief Investment Officer, Matt has presided over significant growth in the NZ Super Fund, well in excess of our investment performance benchmarks.
"His legacy will be his commitment to high performance, his commitment to our people and his commitment to sustainable investment," said Drayton.
Whineray, whose pay packet topped $1.4 million dollars in the 2021/22 year, joined the organisation 15 years ago as the general manager of investments and took over the top job from Adrian Orr when he was appointed Reserve Bank Governor.
The fund was formed in 2001 as a way to help the country pay for the cost of superannuation as the population ages.
The board will start looking for a new CEO shortly.
