Meet Bruce McLachlan: The Head of Fisher Funds, New Zealand’s Largest Locally-Owned KiwiSaver Provider

Bruce McLachlan, the chief of Fisher Funds, the largest New Zealand-owned and controlled KiwiSaver provider, has had a long and illustrious career spanning New Zealand banking and fund management. McLachlan attributes his success to being in the right place at the right time, riding the deregulation bow-wave of the 1980s. Now, as CEO of Fisher Funds, McLachlan is responsible for managing around $22 billion worth of KiwiSaver investments. McLachlan is focused on delivering excellent outcomes for his 500,000 savers, and with the recent acquisition of Kiwi Wealth, he is set to expand his portfolio even further. His hands-off approach to investment decisions allows Fisher Funds’ fund managers to do what they do best with the support of clear mandates and objectives. McLachlan’s humility is striking, as he sees himself as a temporary head of an intergenerational, locally-owned fund manager, investing about $22 billion for savers. He doesn’t see himself as a figurehead, yet his contribution to the growth of Fisher Funds has been invaluable. With KiwiSaver being such a vital investment for New Zealand’s future, it’s no surprise that KiwiSaver providers like Fisher Funds have an essential role to play in ensuring New Zealanders have financially secure retirements.