Lloyd Morrison

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Lloyd Morrison
CNZM

Lloyd Morrison CNZM (cropped).jpg

Morrison in 2010
Born(1957-09-18)18 September 1957
Palmerston North, New Zealand
Died 10 February 2012(2012-02-10) (aged 54)
Seattle, Washington, United States
Alma mater University of Canterbury, LLB (Hons)
Occupation Businessman
Spouse(s) Julie Nevett

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 Capital city of New Zealand

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 Country in Oceania

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.

Contents

Early life

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 Metropolitan area in North Island, New Zealand

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.

University of Canterbury university in Christchurch, New Zealand

The University of Canterbury is New Zealand's second oldest university.

Business

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. [1]

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. [2] He was also named "Business Leader of the Year" by the New Zealand Herald in 2006. [3] 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. [4] 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." [5]

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.

New Zealand Order of Merit order

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 award [6] and 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." [7]

Directorships

Other

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. [8] 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, [9] 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. [10] 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. [11] 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. [12]

Death

In early 2009 Morrison was diagnosed as having leukaemia. [13] He died from leukaemia on 10 February 2012, aged 54, in Seattle. [14] 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. [15]

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References

  1. "The day the bull died". Stuff. 15 October 2009. Retrieved 13 July 2009.
  2. "Top 200" (PDF). Deloitte/Management Magazine. December 2007. Archived from the original (PDF) on 14 May 2010. Retrieved 13 July 2009.
  3. "Business leader of the year: Lloyd Morrison". The New Zealand Herald. 9 December 2009. Retrieved 13 July 2009.
  4. "New Year Honours: Morrison dedicates award to his team". The New Zealand Herald. 31 December 2009.
  5. "Morrison Index Methodology". NZX. August 2011. Retrieved 1 December 2011.
  6. "The Dominion Post Tribute to a Wellington Icon". Archived from the original on 3 September 2011. Retrieved 1 December 2011.
  7. "Top 200". Deloitte/Management Magazine. December 2007. Archived from the original on 3 December 2011. Retrieved 1 December 2011.
  8. "HRL Morrison Music Trust". www.trustcds.com. Retrieved 13 July 2009.
  9. "Upfront: Lloyd Morrison". New Zealand Listener. 14 February 2004. Retrieved 13 July 2009.
  10. "Liam Dann: In search of a shared goal". New Zealand Listener. 1 November 2008. Retrieved 13 July 2009.
  11. Mills, Phillip (15 November 2011). "Show leadership in the greening of New Zealand". The New Zealand Herald. Retrieved 20 November 2011.
  12. "New owner reveals plan for the Phoenix". Stuff. 15 October 2011. Retrieved 31 October 2011.
  13. "Cancer scare for Infratil chief brings reshuffle at the helm". The New Zealand Herald. 20 January 2009. Retrieved 20 January 2009.
  14. "Infratil founder Lloyd Morrison dies of cancer". Stuff. 10 February 2012. Retrieved 10 February 2012.
  15. Lundy, Sharon (24 February 2012). "Lloyd Morrison's laughter heard at his funeral". The New Zealand Herald. Retrieved 11 March 2012.