Fisher Funds welcomes OIO consent for Kiwi Wealth deal

    Media Release ‑ Friday 11 November 2022

    Fisher Funds welcomes today’s notification from the Overseas Investment Office (OIO), providing consent for the acquisition of Kiwi Wealth. The acquisition will see the Kiwi Wealth business integrated into Fisher Funds over time.

    OIO consent was required as Fisher Funds is 34% owned by US-based TA Associates. The remaining majority share is owned by the Toi Foundation.

    Fisher Funds CEO Bruce McLachlan says, “We welcome Overseas Investment Office consent. It is a significant milestone allowing us to proceed with the next steps of the acquisition."

    “We expect the transaction to be finalised in the coming weeks and, once complete, we will work through a transition period to create a combined market-leading investment business,” says McLachlan.

    In the meantime, there will be no immediate change for customers or employees.

    “Fisher Funds and Kiwi Wealth customers will receive further information once the sale process is complete. In the meantime, it’s business as usual for the Kiwi Wealth and Fisher Funds teams as they continue to deliver for customers across New Zealand,” says McLachlan.


    About Fisher Funds
    Founded in 1998 Fisher Funds is a specialist investment company managing more than $13
    billion for over 250,000 investors. We offer a full range of growth and income investment
    solutions including KiwiSaver. Our award winning disciplined active investment approach is
    unique and in 2021 we were the first investment manager to win both INFINZ Fund Manager of the Year award categories in the same year. We are proudly majority owned by the Toi
    Foundation meaning that the majority of our profits go towards supporting community and
    charitable efforts in New Zealand. Discover more at

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