13 Apr 2011

Huljich

8:34 am on 13 April 2011

Former fund manager Peter Huljich has quit his directorships at two listed companies saying he wants to focus on private business interests.

His resignations as a director of Diligent Board Services and chairman of NZF Group were announced to the stock exchange on Tuesday, a week after his Huljich KiwiSaver business was sold to Fisher Funds for an undisclosed amount.

Mr Huljich is facing criminal charges over allegetions of misleading prospective investors about the performance of his firm's Kiwisaver scheme.

The charges carry a maximum penalty of three months in prison or a $300,000 fine.

The case is due to be heard in court later this month.