logo
ASB Appoints Frank Jasper As Chief Investment Officer

ASB Appoints Frank Jasper As Chief Investment Officer

Scoop22-06-2025
ASB has appointed Frank Jasper to the new role of Chief Investment Officer (CIO), strengthening ASB's in-house investment management expertise.
Frank has a proven track record of success as an investment manager, including time as a Senior Portfolio Manager and then Chief Investment Officer at Fisher Funds, with more than 20 years of experience in the industry.
Frank will work closely with ASB investment partner, BlackRock, which will see clients continue to benefit from BlackRock's global reach, expertise, and proven performance.
'I look forward to building on ASB's strong investment track record, working alongside BlackRock to continue to deliver strong returns for our clients in a rapidly changing environment.
Delivering strong investment returns is only part of the puzzle to unlock greater wealth for Kiwi. I am very passionate about helping our clients, and all New Zealanders, to feel empowered to make better investment decisions, which will have a great long-term impact on their finances.' says Frank.
ASB General Manager Wealth Emma-Jayne Liddy says Frank is a fantastic addition to the ASB team, bringing valuable experience and perspective both from his role on our Investment Committee and beyond, and is joining at a critical time for this part of the business.
'It's an exciting time for our Wealth business. We are proud of our strong investment track record, with the Morningstar KiwiSaver Survey placing our 12-month returns in the top quartile across all our diversified funds as at 31 March 2025. Additionally, the MJW 2025 Investment Survey has placed us in first place for one-year returns, across our Growth, Balanced and Moderate KiwiSaver funds, and we were also a finalist for Fund Manager of the year for 2025 in the Morningstar Awards for Investing Excellence. We want to continue building on this success for our clients.
With a volatile market, the recent changes to KiwiSaver announced by the Government, and an uncertain geopolitical environment, it's important for our clients and all New Zealanders to have confidence in their investments.
We have a big role to play here and we're looking forward to Frank's leadership and expertise to help set the business up to deliver on its ambition.' says Emma-Jayne.
Frank Jasper started in his new role in June 2025. Alongside his new role as ASB CIO, Frank will continue as a member of the ASB Investment Committee, which he has been a part of since 2022.
ASB Bank
Helping you get one step ahead.
In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Lotto Powerball: $12 million up for grabs in latest jackpot draw
Lotto Powerball: $12 million up for grabs in latest jackpot draw

NZ Herald

time2 hours ago

  • NZ Herald

Lotto Powerball: $12 million up for grabs in latest jackpot draw

This evening's Lotto Powerball First Division is worth $12 million. Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech. Already a subscriber? Sign in here Access to Herald Premium articles require a Premium subscription. Subscribe now to listen. 30 Jul, 2025 08:31 AM 2 mins to read Lotto Powerball: $12 million up for grabs in latest jackpot draw This evening's Lotto Powerball First Division is worth $12 million. New Zealanders have a chance to become $12 million richer in this evening's Lotto Powerball draw. The winning numbers are 33, 5, 10, 27, 38 and 28, the bonus ball is 40 and the Powerball number is 6. Players can win a combined prize pool of $13.7m – $12m in Powerball First Division, $1m in First Division and $700,000 in Strike Four. An Auckland punter won $1m with Lotto First Division in Saturday night's draw. The winning ticket was sold at Eden Superette and Lotto in Auckland.

The world wants our excellent butter
The world wants our excellent butter

Otago Daily Times

time6 hours ago

  • Otago Daily Times

The world wants our excellent butter

One of our favourite butter brands recently took home a prestigious award from the International Cheese and Dairy show, the oldest and largest such show in England. According to the judges, compared with other competing countries, our butter is creamy, velvet and rich, without being greasy. It carries flavour and can soak up all the spices, aromatics, and seasoning in our cooking. It is more yellow and has a higher fat content than the pale, grain-fed American butter — consequently, along with the judges and countless top chefs, they just can't get enough of it. Butter is one of the purest foods in the world, and we make lots of it. New Zealand is the largest exporter of butter, and last year we exported 525,000 tonnes which is a third of the global market and worth $2.54 billion, making it our second-largest export earner. China is our biggest buyer, purchasing $786 million worth in 2024. Chinese people have some trust issues with their dairy products, and New Zealand is the most trusted and the butter considered to be of high quality. Other large importers of butter are the US, Australia and the Philippines, but it's almost unbelievable that we import about $3.69m worth each year, mainly from Denmark, India, Australia, France and Fiji. The dairy export industry started from humble beginnings, with a few barrels of salted butter manufactured at the Edendale Dairy Co shipped to England on board SS Dunedin in 1882 alongside its cargo of frozen mutton. Today the industry employs 55,000 people, there are seven different brands of butter and New Zealanders on the global scale are the highest consumers of the product. Hogging various media headlines at the moment is the price, as it is at an all-time high, and some seem to be trying to give Fonterra a guilt complex as if it sets the price and is responsible — but it is the global auction that sets the price. Fonterra's chief financial officer Andrew Murray stated our butter costs a lot less than you pay in Europe. Is there an irony in all this? Farmers have been improving their environmental image, animal welfare, our clean and green brand and, of course, animals are grass-fed, with the long-term view that premier products attract high-spending customers which in turn help not only the farmer but the country — but we could struggle to afford what we produce. Butter is 49% higher than a year ago and could it be beef and lamb next, which is 50% higher than five years ago. However, what goes up usually comes down.

Kiwis Fleecing Kiwis: Why The Foodstuffs Model Is Failing
Kiwis Fleecing Kiwis: Why The Foodstuffs Model Is Failing

Scoop

time8 hours ago

  • Scoop

Kiwis Fleecing Kiwis: Why The Foodstuffs Model Is Failing

Pak'N'Save Richmond workers are calling out their "Kiwi owned and operated" bosses after a 6-month bargaining ordeal for attempting to drive down average supermarket wages, undermining union rights, and giving loyal staff a raw deal, all the while pocketing healthy profits for themselves. Bargaining with the store's owners, Glenn and Tracey Anderson, has dragged on since January 2025 with no meaningful progress, according to Ross Lampert, Workers First National Organiser (Retail Food). Mr Lampert said that the company refuses to offer industry-standard basics like a staff discount or long service leave, and their latest pay offer after six months of bargaining falls well below inflation, meaning a real-terms pay cut for workers who are already struggling with the cost of living. "This is exactly what happens when the Foodstuffs model lets individual owners race each other to the bottom - it's Kiwis fleecing other Kiwis," said Mr Lampert. "They proudly talk about 'investing in the team' while they chip away at pay, undermine union rights, and break the law to keep wages low." Pak'N'Save Richmond has a long history of anti-union behaviour, Mr Lampert said. Workers have been offered higher wages to sign Individual Employment Agreements instead of the union-negotiated Collective, which is a clear breach of employment law. The union holds documented evidence, including payslips showing two different rates offered for the same role at the same time, with the only difference being union membership. One worker at the store, commenting anonymously due to restrictions on public speech contained in company policy, said: "Customers are always shocked we don't even get a staff discount, let alone a living wage." Another store worker said: "Management tries to scare people away from the union and bully staff into signing individual deals. It's a scam." The company has also attempted to restrict access for union organisers by actively trying to block Mr Lampert's ability to go into certain areas, behaving aggressively and hiding workers from having fair representation. This intimidation has left many staff afraid to speak up, but Workers First members say they are ready to stand strong together and take further action if needed. "This is why Fair Pay Agreements were so important," said Mr Lampert. "They were designed to stop exactly this kind of race to the bottom, but our current Government scrapped them, leaving workers exposed to shoddy operators like these who are determined to keep supermarket workers teetering on the edge of poverty." "Even the Australian chains like Woolworths treat Kiwi workers better than these 'proudly Kiwi' owners." "Kiwi shoppers deserve to know that the people stacking their shelves and serving them every day are being paid fairly and treated with respect. Right now, that's not happening at Pak'nSave Richmond." Background information Workers First Union holds documented evidence of unlawful pay preference as described above - it is available to media on request. Bargaining between Workers First and Pak'N'Save Richmond was initiated on 30 January 2025. The company is currently in the process of expanding the physical footprint of the Pak'N'Save Richmond store into Richmond mall, prompting the displacement of at least 14 other retail stores.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store