Carmel Fisher

Last updated

Carmel Fisher

CNZM
Carmel Fisher (cropped).jpg
Fisher in 2017
Alma mater Victoria University of Wellington
Occupation
  • Businesswoman
  • Entrepreneur
Known forFounder of Fisher Funds
Spouse(s)Hugh Fisher

Carmel Miringa Fisher CNZM is a New Zealand businesswoman and entrepreneur. In 1998, Carmel and Hugh Fisher founded investment fund company Fisher Funds. [1] Over the next two decades, Fisher Funds grew from NZD $17 million to over $8 billion to become the fifth-largest New Zealand fund management company behind the major Australian banks, far outpacing industry growth. [2] In 2017, Fisher sold 51% of Fisher Funds to the New Zealand-owned TSB Bank. [3]

According to the New Zealand Herald , Fisher is widely recognised as a "trailblazer" and leading investment professional, and was awarded the Companion of the New Zealand Order of Merit in the 2019 New Year Honours List for services to business. [4] As of 2018, Carmel and her husband Hugh had an estimated net worth of $90 million. [5] In 2016 they purchased a $22 million home on Auckland's North Shore. [6]

Honours, awards, and posts

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References

  1. ↑ Stock, Rob (3 August 2017). "KiwiSaver provider Fisher Funds sold to TSB Community Trust". Stuff. Retrieved 28 September 2019.
  2. 1 2 "New Year Honours 2019 - Citations for Companions of the New Zealand Order of Merit". New Zealand Department of the Prime Minister and Cabinet. 31 December 2019. Archived from the original on 30 December 2018. Retrieved 28 September 2019. She was seen as a trailblazer when starting one of New Zealand’s first independent retail fund management companies and is now widely recognised as a leading investment professional. Under her stewardship, Fisher Funds outpaced industry growth and over two decades grew from $17 million to more than $8 billion under management and is now the fifth-largest fund manager in the country behind the four major Australian banks.
  3. ↑ Parker, Tasmyn (3 August 2017). "Carmel and Hugh Fisher sell out of fund management". NZ Herald. Retrieved 28 September 2019.
  4. 1 2 3 "Carmel Fisher recognised as an investment trailblazer". NZ Herald. 31 December 2018. Retrieved 28 September 2019.
  5. ↑ "NBR Rich List" . National Business Review. Retrieved 21 May 2018.
  6. ↑ "Fishers buy one of NZ's priciest houses". Good Returns. 2 September 2016. Retrieved 21 May 2018.
  7. ↑ "Carmel Fisher - Board Member". New Zealand Trade and Enterprise . Retrieved 28 September 2019.
  8. ↑ "Carmel Fisher: 2019 Hall of Fame Laureate". North Harbour Club. Retrieved 28 September 2019. winner of the Services Category at the 2016 Ernst & Young Entrepreneur of the Year Awards
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