New Zealand's Superannuation Fund appoints John Williamson as its new chairman, replacing Catherine Drayton.

New Zealand's Superannuation Fund gains a new chairman, John Williamson, while the position of CEO remains undecided. Williamson, currently the chairman of Ritchies Transport, will join the Guardians of New Zealand Superannuation on March 1, succeeding Catherine Drayton, who has led the fund for five years. The fund, worth nearly $70 billion, has achieved a 9.69% average annualised return.