Aidan Allen promoted to Jarden executive chairman

Jarden’s new executive chairman Aidan Allen with Jarden co-chief executive Sarah Rennie.

Australian investment banker Aidan Allen has been promoted from co-chief executive to executive chairman of Jarden, replacing Fraser Whineray.

Mr Allen will be replaced by Daniel Reynolds, who will become the new co-chief executive alongside Sarah Rennie.

Mr Reynolds will join the Jarden board, along with a new director to be appointed from among the firm’s shareholders, with a nomination and selection process in the coming weeks.

Jarden said Mr Allen would continue to prioritise client engagement and strategic advisory activities, while working closely with the firm’s leadership team.

Mr Reynolds, based in Auckland, has led Jarden’s fixed income, currencies and commodities, and New Zealand equities operations.

Jarden has in recent years been working on mandates for a number of Australian listed companies, including Dyno Nobel, Origin Energy, Stockland, Woolworths, Spark, NZME, Fletcher Building, Auckland International Airport and New Hope, and it is also working with Fonterra, which was previously listed in Australia.

Mr Allen joined Jarden from UBS in 2020, when the New Zealand group launched into the Australian market with top industry operatives, and he has held a number of high profile positions heading up investment banking teams in the past, including at UBS and Citi.

Since moving into Australia, Jarden has embarked on a partial selldown of its wealth management business to Pacific Equity Partners.

The deal was one that saw Jarden Wealth merge with the New Zealand operations of JBWere, with PEP emerging as a major shareholder.

The entity was branded FirstCape.