Investment management is a life-long passion for Paul. After a long career as a portfolio manager Paul established Devon Funds Management after acquiring Goldman Sachs JBW Asset Management (NZ) in March 2010. Devon has now grown to have one of the largest and most experienced Australasian equity teams in New Zealand, focused on constructing concentrated portfolios of handpicked securities for local clients. Paul’s current role is as Executive Chairman of Devon Funds.
As an investment industry stalwart his strong views on corporate governance have been widely reported in the media. Similarly he firmly believes that those in the investment industry must use their influence to ensure shareholders’ best interests are served by listed companies.
Over his 22 year career in investment management, Paul has held a number of senior positions including Director, Portfolio Manager and co-founder of Brook Asset Management (with specific responsibility for the top performing Alpha Fund), Portfolio Manager at Bankers Trust New Zealand (best performing fund 1994 – 1998) and Junior Portfolio Manager at Lombard Odier in London.
Paul is South African born but his family left for London and then Boston when he was young before finally settling in NZ. After schooling at Sacred Heart College, Paul went to Massey University and achieved a BBS (Hons). Paul lives in Devonport, is happily married to Sally and has two very active boys, Charlie and George, who go to intermediate at St Kentigern’s Prep and a local primary school respectively. Kids sport, boating, fishing and running take up most weekends.