The Auckland Future Fund (AFF) Board has appointed Vontobel Asset Management AG as its global investment manager, placing $1.3 billion under the firm’s care.

The appointment follows a global tender process that began in January 2025 with 21 participants.

After months of evaluation, Vontobel was selected in June, with compliance checks completed before the announcement this week.

AFF Chair Chris Swasbrook says the board is pleased to secure an investment manager with strong international credentials.

Mayor Wayne Brown welcomed the move, saying it will help diversify risk and reduce the council’s reliance on rates.

Lead Councillor Christine Fletcher described it as a “final milestone” in establishing the fund for long-term benefit.

Vontobel, founded in Zurich in 1924 and listed on the SIX Swiss Exchange, manages assets worldwide.

The AFF Board noted its transparent pricing and focus on customer service as key factors in its decision.

The Auckland Future Fund was established after the council sold its remaining shares in Auckland International Airport in December 2024, raising over $1.3 billion.

Since then, the fund has already delivered $38 million in distributions, above forecast, to support council services and infrastructure.

For Hibiscus Coast residents, the fund’s returns could mean easing the pressure on rates while still maintaining investment in local services.

As the council looks to strengthen its financial resilience, the AFF’s management is set to play a long-term role in supporting Auckland’s communities.

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