Construction-focused industry superannuation fund, Cbus Super, has made several appointments as the firm increases the amount of assets managed in-house.
Alexandra Campbell had been promoted to new role of head of private markets and infrastructure and would be responsible for managing the private markets portion of the fund’s investment portfolio, while also continuing to lead its infrastructure portfolio.
This followed the retirement of Grant Harrison as head of private markets, and he would retire in January 2022 after nine years with the fund.
Kristian Fok, chief investment officer of Cbus Super, said: “I’d like to acknowledge Grant’s exceptional career in funds management and superannuation and his commitment to delivering great outcomes for Cbus members. We wish him all the best in retirement”.
Lisa Cuman was appointed as head of investment legal and governance, she joined the super fund from Citigroup Australia and NZ where she was head of legal for the institutional clients group.
Steward Tan joined from the Victorian Funds Manager Corporation (VFMC) to be head of markets, asset allocation. He would have responsibility for input into the formulation of investment strategy at the asset allocation for Cbus’ diversified investment options.
Finally, Ash Chandra was appointed as research director for global quality equities, joining Cbus from a role as executive director – emerging companies analyst at Goldman Sachs.
Fok commented: “We are delighted to welcome these key appointments to our experienced and dynamic team.
“The roles support our internalisation and total portfolio approach, which are central to our continued outperformance and to maximising the retirement savings of our members.”
Cbus was working towards having 40% of its $67 billion in assets under management managed in-house.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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