Morrison in 2010
Palmerston North, New Zealand18 September 1957
|Died|| 10 February 2012 54) (aged|
Seattle, Washington, United States
|Alma mater||University of Canterbury, LLB (Hons)|
Hugh Richmond Lloyd Morrison CNZM (18 September 1957 – 10 February 2012) was a Wellington, New Zealand-based investment banker and entrepreneur. He founded H.R.L. Morrison & Co in 1988, and Morrison & Co launched the infrastructure company Infratil in 1994.
Wellington is the capital city and second most populous urban area of New Zealand, with 418,500 residents. It is located at the south-western tip of the North Island, between Cook Strait and the Remutaka Range. Wellington is the major population centre of the southern North Island, and is the administrative centre of the Wellington Region, which also includes the Kapiti Coast and Wairarapa. Its latitude is 41°17′S, making it the world's southernmost capital of a sovereign state. Wellington features a temperate maritime climate, and is the world's windiest city by average wind speed.
New Zealand is a sovereign island country in the southwestern Pacific Ocean. The country geographically comprises two main landmasses—the North Island, and the South Island —and around 600 smaller islands. New Zealand is situated some 2,000 kilometres (1,200 mi) east of Australia across the Tasman Sea and roughly 1,000 kilometres (600 mi) south of the Pacific island areas of New Caledonia, Fiji, and Tonga. Because of its remoteness, it was one of the last lands to be settled by humans. During its long period of isolation, New Zealand developed a distinct biodiversity of animal, fungal, and plant life. The country's varied topography and its sharp mountain peaks, such as the Southern Alps, owe much to the tectonic uplift of land and volcanic eruptions. New Zealand's capital city is Wellington, while its most populous city is Auckland.
An investment bank is a financial services company or corporate division that engages in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, and FICC services. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.
Lloyd Morrison came from Palmerston North. He was educated at Wanganui Collegiate School. He studied law at the University of Canterbury from which he graduated with LL.B (Hons).
Palmerston North is a city in the North Island of New Zealand and the seat of the Manawatu-Wanganui region. Located in the eastern Manawatu Plains, the city is near the north bank of the Manawatu River, 35 km (22 mi) from the river's mouth, and 12 km (7 mi) from the end of the Manawatu Gorge, about 140 km (87 mi) north of the capital, Wellington. Palmerston North is the country's seventh-largest city and eighth-largest urban area, with an urban population of 86,600.
The University of Canterbury is New Zealand's second oldest university.
Morrison's career began in the early 1980s as an investment analyst with Jarden & Co (now First NZ Capital) and later as a partner of O'Connor Grieve & Co. He became executive chairman of OmniCorp, a New Zealand listed investment company based in London, in 1985; the company was sold in 1988.
Morrison formed H.R.L. Morrison & Co in 1988 offering a broad range of investment advisory services across sectors. In the early 1990s Morrison & Co narrowed its focus to infrastructure as major privatisations took place in Australia and New Zealand. Morrison & Co was an active investor and adviser in privatisations of Australasian airports, ports and energy businesses. In 1994 Morrison launched Infratil, one of the world's first listed infrastructure funds, with Morrison & Co retained as the Manager. Morrison & Co has offices in Brisbane, Sydney, Auckland and Hong Kong and in March 2006 was appointed to a global infrastructure mandate by the New Zealand Superannuation Fund. In 2009, Morrison & Co launched the Public Infrastructure Partnership Fund (PIP Fund), New Zealand's first fund dedicated to investing in PPPs.
Infratil Limited is a New Zealand-based infrastructure investment company. It owns airports, electricity generators and retailers, and a public transport business, with operations in New Zealand and Australia. Infratil was founded by the late Lloyd Morrison, a Wellington-based merchant banker. Morrison's company, H. R. L. Morrison & Co, is responsible for Infratil's management and administration.
Lloyd Morrison was named New Zealand Executive of the Year by Deloitte/Management magazine in 2007.He was also named "Business Leader of the Year" by the New Zealand Herald in 2006. In 2007 he was ranked 12th on the New Zealand Listener Power List. He was appointed a Companion of the New Zealand Order of Merit, for services to business, in the 2010 New Year Honours. In August 2011 the Morrison Index, the first investable index was launched by NZX. It is designed to represent the strength and attractiveness of New Zealand's listed infrastructure sector. The NZX release of February 2011 stated "NZX plans to name the indices after individuals who have made outstanding efforts to develop and advance the related sector. The Investable Infrastructure Index will be named after Lloyd Morrison CNZM, in recognition of his instrumental contribution to the New Zealand infrastructure sector at many levels, including an enormous impact on quality and efficiency, and in taking New Zealand infrastructure exports globally to Australia, the US and the UK."
The New Zealand Listener Power List is a list of the most powerful people in New Zealand, compiled annually by the New Zealand Listener from 2004 to 2009. From 2004 to 2007, the list covered the 50 most powerful people without separating them by field. In 2008, the list was divided into the top ten most powerful, and ten lists of five or six people each in specific fields.
The New Zealand Order of Merit is an order of merit in New Zealand's honours system. It was established by royal warrant on 30 May 1996 by Elizabeth II, Queen of New Zealand, "for those persons who in any field of endeavour, have rendered meritorious service to the Crown and nation or who have become distinguished by their eminence, talents, contributions or other merits", to recognise outstanding service to the Crown and people of New Zealand in a civil or military capacity.
The 2010 New Year Honours in New Zealand were appointments by Elizabeth II in her right as Queen of New Zealand, on the advice of the New Zealand government, to various orders and honours to reward and highlight good works by New Zealanders, and to celebrate the passing of 2009 and the beginning of 2010. They were announced on 31 December 2009.
In 2011 Lloyd was honoured by Wellington Businesses Gold Awards with a lifetime achievement awardand late November he was named Visionary Leader by Deloitte/Management magazine. "The Visionary Leader award honour roll contains the names of many of our legendary business figures, and Lloyd Morrison deserves his place alongside them. From his successful battle to save the New Zealand Stock Exchange, to his patronage of the arts, and from his foundation of Infratil to his campaign for a new flag for New Zealand, Lloyd's depth of vision continues to shine through."
Morrison was an active supporter of the arts in New Zealand. He founded the HRL Morrison Music Trust in 1995 as a vehicle to support and promote New Zealand's finest musicians and composers, with a special emphasis on the production and marketing of recordings through its record label, Trust Records.He was a trustee of the Chamber Music NZ Foundation and a director of the New Zealand Symphony Orchestra.
Morrison was active in several high-profile public campaigns. He launched a campaign to change the Flag of New Zealand in 2003,and in 2008 published a discussion document titled "A Measurable Goal for New Zealand" with the intent of identifying a common goal that all of New Zealand can support and aspire to. Morrison was a trustee of Pure Advantage, the organisation championing a move to a green growth economy for New Zealand to secure its share of the $6 trillion global opportunity that green growth promises by 2050. In September 2011 it was announced that Morrison was one of the consortium of local businessmen who had bought the Wellington Phoenix FC, the only professional football team in New Zealand.
In early 2009 Morrison was diagnosed as having leukaemia.He died from leukaemia on 10 February 2012, aged 54, in Seattle. He was survived by his wife and five children. Prime Minister John Key, who first met Morrison when they were both merchant bankers, spoke at his funeral.
NZX is at its core a markets business operating equity, debt, derivatives and energy markets. To support the development of its core markets, they provide trading, clearing, settlement, depository and data services. To ensure they are well connected to New Zealand investors, NZX owns Smartshares, New Zealand's only issuer of Exchange Traded Funds, and KiwiSaver provider Superlife.
The New Zealand Initiative is a libertarian public policy think tank and business membership organisation. Based in Wellington, New Zealand, this think tank was formed in 2012 from the merger of the New Zealand Business Roundtable (NZBR) and the New Zealand Institute. The Initiative acts as a conduit between the different levels of government, the business sector, and the people of New Zealand. The Initiative’s main areas of focus include economic policy, housing, education, local government, welfare, immigration and fisheries.
NZ Bus, formerly Stagecoach New Zealand, is New Zealand's largest bus company, operating in Auckland and Wellington. It is a subsidiary of Infratil. As of 24 December 2018, Infratil is selling NZ Bus to Australian equity firm Next Capital, subject to a consenting process.
Theresa Gattung is a New Zealand businessperson and the former chief executive of Telecom New Zealand (1993–2007).
Sir Ronald Alfred Brierley is a New Zealand investor and corporate raider, chairman and director of a number of companies in Australia, New Zealand and the UK.
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Derek Handley is a New Zealand entrepreneur, speaker and author who was born in Hong Kong. With his brother Geoffrey Handley, he co-founded the global mobile marketing and media company The Hyperfactory, and the mobile advertising network Snakk Media. Handley's application for the governmental role of Chief Technology Officer (CTO) of New Zealand, in 2018, became a political controversy.
Xero is a New Zealand domiciled public software company that offers a cloud-based accounting software platform for small and medium-sized businesses. The company has offices in New Zealand, Australia, the United Kingdom, the United States, Canada, Asia and South Africa. It is listed on the Australian Securities Exchange.
H.R.L. Morrison & Co is a specialist alternative asset manager focusing primarily on infrastructure, private equity and property investment with offices in New Zealand, Australia and Hong Kong.
Bridgecorp Holdings Ltd is a former high-risk property development group that was operating in New Zealand and Australia. It was placed in receivership in July 2007.
The New Zealand Superannuation Fund is a sovereign wealth fund in New Zealand. New Zealand currently provides universal superannuation for people over 65 years of age and the purpose of the Fund is to partially pre-fund the future cost of the New Zealand Superannuation pension, which is expected to increase as a result of New Zealand's ageing population. The fund is a member of the International Forum of Sovereign Wealth Funds and is therefore signed up to the Santiago Principles on best practice in managing sovereign wealth funds.
Z Energy is a New Zealand fuel distributor with branded service stations. It comprises some of the former assets of Shell New Zealand and Chevron New Zealand. Since mid-August 2013, it has been listed on the NZX with the code ZEL. The largest shareholders were Infratil and the New Zealand Superannuation Fund, each with 20%. It is also listed on the ASX with the code ZNZ. Shell exited the New Zealand fuel distribution business in April 2010, selling its operations to Infratil and NZ Super. The former Shell operations were rebranded as Z Energy in 2011.
Ashley Cameron Church is the Chief Executive Officer of the Property Institute of New Zealand
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Geoffrey Handley is an entrepreneur, technology pioneer and investor. He is General Partner at investment firm Haitao Capital and serves as an advisor and board member to a number of portfolio companies. Handley's most well known as co-founder of the mobile agency, The Hyperfactory founded with his brother Derek Handley in 2001 and as outspoken Sinologist and author.
Kiwi Property Group Limited is a New Zealand NZX-listed company, formerly a real estate investment trust, that owns many properties throughout New Zealand; including the Sylvia Park Business and Shopping Centre, and the Vero Centre. It is also New Zealand's largest-listed property fund.
Metlifecare is one of New Zealand's largest retirement village providers. They currently own and operate 24 retirement villages throughout the North Island of New Zealand.
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