Peter Masfen

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.

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

Private life

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

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 coxed 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

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

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
  1. "Peter Masfen". International Rowing Federation. Retrieved 7 September 2016.
  2. "Peter Masfen". Sports Reference. Archived from the original on 18 April 2020. Retrieved 7 September 2016.
  3. "Peter Masfen". New Zealand Olympic Committee. Retrieved 7 September 2016.
  4. "Old Boys". King's School (Auckland). Retrieved 7 September 2016.
  5. Fletcher, Hamish (31 December 2015). "New Year Honours: Peter Masfen - Many a reserve up his sleeve". The New Zealand Herald. Retrieved 7 September 2016.
  6. Gibson, Anne (12 May 2007). "The corporate grave's comeback kid". The New Zealand Herald. Retrieved 7 September 2016.
  7. Leggat, David (6 July 2013). "Rowing: Crew toast 50th anniversary of glorious win". The New Zealand Herald. Retrieved 7 September 2016.
  8. Green, David (7 September 2013). "Rowing - International rowing, 1920s to 1980s". Te Ara: The Encyclopedia of New Zealand. Retrieved 7 September 2016.
  9. "New Zealand Rowing at the 1964 Tokyo Summer Games". Sports Reference. Archived from the original on 17 April 2020. Retrieved 7 September 2016.
  10. "Ex-Rower Buys into Ohai Station". The Southland Times. 30 July 2003. Retrieved 7 September 2016.
  11. Alderson, Andrew (27 May 2012). "Rowing: Time for change after eights disappointment". The New Zealand Herald. Retrieved 7 September 2016.
  12. Winter, Chloe (31 December 2015). "Rich-lister Peter Masfen honoured for services to business and philanthropy". Stuff.co.nz. Retrieved 7 September 2016.
  13. "Masfen, Peter Hanbury". New Zealand Business Hall of Fame. Retrieved 7 September 2016.
  14. "New Year Honours 2016 - Citations for Companions of the New Zealand Order of Merit". Department of the Prime Minister and Cabinet. Retrieved 7 September 2016.
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