Frank Renouf

Who was Frank Renouf?

Sir Francis Henry "Frank" Renouf was a prominent New Zealand tycoon and financier. His obituary in the Dominion was headed: "Flamboyant Renouf shook starch out of financial world".

He was born in Wellington and educated at Wellington College and Victoria University College. He then joined the 2nd NZEF as a Captain, was captured in Greece, and spent most of the war in a German POW camp. He then studied for a Diploma at Worcester College, Oxford and was an Oxford Blue in tennis from 1948 to 1949.

He was a businessman and a stockbroker from 1950, as a partner in the Wellington stockbroking firm of Daysh, Renouf & Co with Harry Edgar Duff Daysh, known as Duff. The firm was originally Daysh, Longuet and Frethey, with Geoff Longuet and Edmund Albertus Frethey. Renouf was blackballed from joining the Wellesley Club because of the circumstances of him joining Daysh and Frethey, as business then had a "gentleman's club" atmosphere.

In the 1980s and 1990s he became a prominent business celebrity in Australia and New Zealand. He introduced unit trusts to New Zealand, and New Zealand's first merchant bank. Upon the death of Duff Daysh in 1975, Renouf later removed the Daysh name from the stockbroking firm Daysh, Renouf & Co and it became known as Frank Renouf & Co. He set up three companies in 1981, Frank Renouf & Co, Renouf Corporation and Renouf Property. In the 1987 sharemarket crash he lost 90% of his fortune.