Squirrel has appointed fixed income specialist Iain Cox into the newly established role of Head of Managed Funds, as it seeks to accelerate growth and innovation across its investment offering.
With over three decades of financial services experience under his belt, Cox joins Squirrel following nearly 12 years as ANZ’s Australasian Head of Fixed Income—overseeing its fixed income and cash portfolios across New Zealand and Australia (including $9 billion in NZ domestic fixed income).
Prior to ANZ, Cox successfully managed a global credit and structured credit portfolio at OnePath (formerly ING) through the GFC, and also held roles at NZ Funds in New Zealand, and Credit Suisse and Barclays Capital in the UK.
Squirrel CEO David Cunningham says Cox’s deep experience and proven track record in managing high-performing funds made him the obvious choice for the role.
“Our managed fund offering is in a really pivotal phase at the moment. With the global environment so uncertain, investments that offer a reliable monthly income have become even more appealing to investors—which has translated to a big surge in demand.
“To continue to build on that momentum, we’re targeting a pretty major step-change—doubling down on some of the new product development we’ve already got in the works, and leveling up on the governance side of things. Iain brings deep expertise in both aspects. We’re stoked to have him join the team,” says Cunningham.
Cox says, “What really stood out to me about Squirrel is that it’s a Kiwi-owned business that’s genuinely focused on delivering better outcomes for Kiwis.
“They’ve built a strong foundation already—and there’s a clear opportunity to continue building a disciplined, income-focused investment offering. I’m looking forward to working with the team to grow that in a way which delivers consistent value for investors.”
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