Former Reserve Bank Governor Adrian Orr has become a member of the Cook Islands National Superannuation Fund (CINSF) board. Photo / Mark Mitchell
By RNZ
Former Reserve Bank Governor Adrian Orr has become a member of the Cook Islands National Superannuation Fund board.
Orr has family links to the Cooks and has supported the fund previously with advice from its formation.
Cook Islands National Superannuation Fund (CINSF) chairman Heinz Matysik said Orr was a welcome addition.
“Adrian brings a wealth of industry knowledge and leadership that will strengthen our board,” Matysik said. “His appointment comes at a pivotal time, as the fund enters its next phase of growth and development.”
The CINSF said Orr had supported uncle and former MP Norman George to get the fund established.
“Since the fund’s inception, Mr Orr has provided strategic and operational support to the board and executive, contributing to the fund’s continued development.”
The board seat is Orr’s first public appearance since he abruptly quit as Reserve Bank (RBNZ) governor in early March, after what was later confirmed to be a dispute with the RBNZ board over future funding of the central bank.
Orr headed the New Zealand Super for close to a decade, before moving to the RBNZ.
The Cook Islands National Superannuation Fund turns 25 this year and has about $300 million in assets under management.
– RNZ