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NZ Fund Service Development Group Formed

April 7, 2010 International FinanceNew Zealand Finance

Hon Gerry Brownlee, MCA private sector group has been formed to advise the New Zealand Government on the requirements associated with the creation of an international funds service industry in New Zealand.

In a media statement on April 6th Gerry Brownlee, New Zealand Minister of Economic Development, announced the formation of the International Fund Services Development Group (IFSDG), a Government endorsed private-sector body charged with advising the Government on the establishment of a international funds service industry and turning New Zealand into a attractive funds domicile. The group will be chaired by Craig Stobo, private-sector entrepreneur and director.

The IFSDG is required to issue its final report to the New Zealand Government by June 2010, detailing the steps necessary to create and foster an in...

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