Newfield named Morrison & Co CEO

Paul Newfield has been promoted to chief executive officer for H.R.L. Morrison & Co.

He replaces Wellington-based Marko Bogoievski, who is stepping down at the end of the year after 13 years with the organisation. Newfield will become the CEO on 1 January 2022.

"Paul has been with Morrison & Co since 2008 and has developed into an excellent leader and a highly successful investment professional," said Morrison & Co chair Rob Morrison. "We are confident he will grow and evolve the firm as it expands further into offshore markets, delivering superior returns for investors looking for exposure to global infrastructure opportunities."

Newfield was named head of Australia and New Zealand in 2019 and has been chief investment officer since 2016. He initially joined the group as an investment director. He started his career as a principal with The Boston Consulting Group.

"Since setting up in Sydney in 2010, we've made a number of great investments for existing clients such as Infratil, and attracted over NZ$10 billion of new capital from Australian institutional investors," said Newfield "Our success in Australia is the blueprint for our global strategy. We'll carefully blend our Morrison & Co DNO with the best local talent in new regions and we'll focus on sectors where we have world-leading expertise, like renewable energy and digital infrastructure.

"It's an honour to follow in the footsteps of Lloyd Morrison and Marko Bogoievski. You couldn't hope for two better CEOs to learn from or for a stronger foundation on which to build."

Outgoing CEO Marko Bogoievski will remain involved in the organisation however he will be pursuing how own personal investment interests. He said his successor will help the group in its next phase of development. "Paul has been a core part of the Morrison & Co leadership team during my tenure with significant roles as the Head of Australia and New Zealand, and previously as our Chief Investment Officer. Paul will be supported by an incredibly strong Management Committee with many years of experience and a record of delivering outcomes for clients. Our investors will be able to rely on a continuation of our successful investment strategies, delivering outstanding returns and a shared commitment to long-term sustainability."

Outside of his executive roles, Newfield sits on the boards of Tilt Renewables and is presently chair of medical imaging provider Qscan Group.