Peter Masfen

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Peter Masfen
Personal information
BornPeter Hanbury Masfen
(1941-08-09) 9 August 1941 (age 84)[1]
Auckland, New Zealand
Height189 cm (6 ft 2 in)[2]
Weight88 kg (194 lb)[2]
Sport
SportRowing

Peter Hanbury Masfen CNZM (born 9 August 1941) is a New Zealand businessman, philanthropist, and former representative rower. Regarded as one of the country's most astute businessmen, he is best known for his former shareholding in Montana Wines.

Private life

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Masfen was born in 1941 in Auckland, New Zealand.[3] He received his schooling at King's School[4] and then King's College in Auckland.[5] When he worked for Porter Wigglesworth & Grayburn, he married Joanna Porter, the daughter of principal Rolf Porter. Their sons are Rolf and Anatole and daughter Eugenie.[6]

Involvement in rowing

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After having received an invitation to the Henley Royal Regatta, he won the inaugural Prince Philip Challenge Cup regatta in 1963 in Henley-on-Thames.[7] That year, the Henley regatta was regarded as the event that came closest to a world championship.[8] Darien Boswell, Dudley Storey and Alistair Dryden made up the other rowers, and Bob Page was the cox.[7]

The same coxed four team then went to the 1964 Summer Olympics in Tokyo, where they placed a disappointing eighth.[7][9] He went to the 1966 World Rowing Championships in Bled, Yugoslavia with the eight,[10] where the team came sixth.[11]

Masfen worked as a rowing coach for some time.[12] He helped fund both the New Zealand women's and men's eight to attend the 2015 World Rowing Championships in Aiguebelette-le-Lac, France, and the 2016 Summer Olympics in Rio de Janeiro, Brazil.[5]

Professional life

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Masfen started his professional life as an accountant for the accounting firm Porter Wigglesworth & Grayburn, where he eventually became a partner. He consolidated a number of business interest into Collingwood Holdings, which became Corporate Investments Ltd.[6][13] He invested in the winemaker Montana Group and held 21% of its shares until 2001, when the winemaker was taken over by Allied Domecq.[6] From 2001 to 2005, Masfen was one of the New Zealand representatives on the APEC Business Advisory Council (ABAC).[14] In 2003, he took a 50% shareholding in the 14,000 hectares (35,000 acres) Mount Linton Station near Ohai in Southland.[10]

Masfen is regarded as "one of New Zealand's most shrewd businessmen" and he has often displayed counter-cyclical investment, with a tendency to holding companies longer term.[5] The Masfen family is on the rich list published by the National Business Review. In 2006, the family wealth was estimated at NZ$330m,[6] and this had increased to over NZ$400m by 2015.[5]

Awards

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Masfen was inducted into the New Zealand Business Hall of Fame in 2002.[13] He was appointed a Companion of the New Zealand Order of Merit in the 2016 New Year Honours, for services to business and philanthropy.[14]

References

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