Booster Innovation Fund announces governance changes

Booster Investment Management Limited (BIML), manager of the Booster Innovation Fund, has made several key governance changes, effective December 1, 2025. Allan Yeo has stepped down from the BIML board of directors, replaced by Di Papadopoulos, who assumes the position of regular director after previously serving as alternate director. Papadopoulos also serves as the chief executive officer of Booster Financial Services Limited.

Effective June 5, 2025, the Booster Innovation Fund investment committee will now operate as a full investment committee, reporting directly to the board, with Daniela McKenzie appointed as a full member. The fund also updated its dispute resolution scheme provider to Financial Services Complaints Limited (FSCL) from Financial Dispute Resolution Services, effective April 30, 2025.

These changes are reflected in updates to the Product Disclosure Statement, which integrates new descriptions for the BIF investment committee and the revised dispute resolution contact information. Booster manages over $7 bn in funds for more than 200,000 New Zealanders.