Big industry super fund AustralianSuper has appointed Stephen Joske to the role of senior manager, Asia.
AustralianSuper is one of the first industry super funds to have an investment strategist "on the ground in Asia", according to the fund's chief investment officer Mark Delaney. Joske will be based in Beijing.
"Over the last few years we have been steadily been growing our in-house investment expertise and are very pleased to have been able to appoint someone of Stephen Joske's specialist expertise and experience in Asia to develop our investment strategy for the region," Delaney said.
Joske makes the move from The Economist Intelligence Unit, where he was director of the China Forecasting Unit.
His role with The Economist involved "managing a team of expert economists and econometricians to provide advice to companies on the factors driving structural change within the Chinese economy", according to AustralianSuper.
Prior to his role at The Economist, Joske worked at the Australian Embassy in Beijing as the Senior Australian Treasury Representative to China.
He has also represented the Australian Treasury at APEC and OECD meetings.
Joske will begin his role with AustralianSuper on 22 February, and will report to Delaney.
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month.
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super funds to better engage with members on their retirement journey.
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
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