Tim Pietsch has been appointed as HESTA’s new general manager of compliance.
In the role, he is tasked with enhancing the $87 billion fund’s compliance frameworks and practices.
He joined the fund from AMP, where he was the head of risk and compliance for superannuation, retirement, and platforms for almost three years.
HESTA CEO Debby Blakey said the appointment reinforces the fund’s dedication to maximising member returns while bolstering compliance procedures.
“Tim’s extensive experience in financial services and his strong background in risk and compliance will be invaluable as we continue to bolster our compliance function,” she said.
Natalie Kelly, HESTA’s chief financial officer, also highlighted his vast experience in leading large teams and overseeing business change.
“Tim is a seasoned senior leader with deep expertise across financial services,” Kelly said.
“We are excited to welcome Tim to HESTA, where he will be instrumental in shaping our compliance strategy moving forward.”
Prior to AMP, Pietsch’s résumé includes 15 years at NAB, where he held various leadership roles in business planning, change, operations, and risk management. Most recently, he was head of risk governance, appetite, and reporting.
He was also an analyst at Goldman Sachs JBWere for five years, providing institutional research coverage of Australian’s banking sector, as well as telecommunications and media stocks during the dot com boom.
Commenting on the appointment, Pietsch said he was “thrilled” to join the highly regarded organisation.
“I look forward to working with the HESTA team to further enhance HESTA’s compliance capabilities and ensure we continue to uphold the highest standards,” he said.
Earlier this year, the fund also announced a newly created role of general manager for strategic planning, welcoming Alissa Knight in June.
In the role, Knight’s responsibilities include supporting HESTA’s executive leadership team in strategic planning and key initiatives.
