ANZ Strategist Sam Tuck Resigns to Join NZ Sovereign Wealth Fund

Sam Tuck, a senior currency strategist at ANZ Bank New Zealand, based in Auckland, has announced that he is leaving the company.

He is reported to have written an email saying: “Today is my last day at ANZ”.

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According to the bank’s website, Tuck, who has 16 years experience in the financial markets, joined ANZ six years ago as a foreign-Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term trader, before joining the bank’s Strategy Research team in 2013. He previously spent 10 years in the Arbitrage Arbitrage Arbitrage is defined as the practice of taking advantage of a price difference between two or more markets.In particular, this involves the simultaneous buying and selling of securities, currencies, cryptos, or commodities in different markets. Arbitrage has the effect of causing prices of the same or very similar assets in different markets to converge over time.In order for arbitrage to occur, there must be a uniform set of conditions that need to be met. For example, the same asset does not t Arbitrage is defined as the practice of taking advantage of a price difference between two or more markets.In particular, this involves the simultaneous buying and selling of securities, currencies, cryptos, or commodities in different markets. Arbitrage has the effect of causing prices of the same or very similar assets in different markets to converge over time.In order for arbitrage to occur, there must be a uniform set of conditions that need to be met. For example, the same asset does not t Read this Term and systematic trading group with Barclays Capital in London.

ANZ offers a range of solutions for institutional, corporate, retail, wealth and private banking. With the prominence of Australia and New Zealand as business destinations in the region, the firm has established itself as one of the top tier banks. Finance Magnates previously reported on ANZ in May when it appointed Mayank Navalakha as Global Head of FX and PM Options.

Tuck is reputed to be joining the New Zealand Superannuation Fund.