The $46 billion investment corporation owned by the government of South Australia has hired an experienced investment professional to its leadership.
Funds SA has announced the appointment of Con Michalakis as chief investment officer.
Michalakis is currently the deputy chief investment officer, portfolio construction, of Hostplus. He assumed the position in March 2022 following the merger of Hostplus and Statewide Superannuation, where he held the role of CIO for 14 years.
Prior to this, he held a variety of roles in Australia and abroad, including positions with Pzena Investment Management, Merrill Lynch, Alliance Capital and Watson Wyatt.
Moreover, in commencing in his new capacity in February 2025, he will be replacing acting CIO Matt Kempton.
“I am delighted that Con is joining the Funds SA team as we strive to deliver strong investment outcomes for our clients,” Funds SA chief executive John Piteo said.
“Con is a highly experienced CIO, with a proven track record in delivering strong, consistent investment returns over many years,” Piteo continued.
“He is greatly respected for his leadership, commercial acumen and building deep stakeholder relationships within the investment management and superannuation communities.”
Michalakis added that he is looking forward to joining the Funds SA team as a “proud South Australian”.
“I’m passionate about delivering exceptional investment outcomes for our clients. I am honoured to be in a position of leadership and trust to enhance our clients’ investment returns,” Michalakis said.
Moreover, Piteo thanked Kempton for his stint as acting CIO over the last six months.
“His dedication in leading the investment team, building trust and respect with clients, and driving an outcomes-focused culture during this time have been greatly appreciated,” the CEO concluded.
