Legalsuper’s head of portfolio management Alexander Ng has departed the $5 billion fund after three and a half years.
He takes up a new role as investment manager at $36 billion fund ESSSuper, the dedicated super fund for emergency services and Victorian government employees, commencing in June 2024.
Prior to joining legalsuper, Ng was a senior portfolio analyst at Warakirri Asset Management for almost eight years.
His experience also includes three years at NAB, most recently as Treasury financial control analyst.
Ng’s departure follows a number of executive team moves at legalsuper over the last year, including chief operating officer Trevin Erichsen in August 2023 and chief investment officer Norman Zhang in September 2023.
The fund subsequently announced a refreshed executive team, with Paul Murray taking up the role of chief investment officer, alongside Colin Adamson as new chief commercial officer.
These appointments, announced in March, rounded up legalsuper’s executive team that includes CEO Luke Symons; chief financial officer Michael Gogorosis; company secretary and executive manager, legal, risk, and compliance Kaye Wheatley-Brown; and executive manager, business enablement & risk John Robinson.
Last week, legalsuper also saw the departure of Alissa Knight, who headed up the strategy and CEO office, to join HESTA as general manager, strategic planning.
In her new capacity, which she will assume on 11 June, Knight will play a “crucial” part in supporting HESTA’s executive leadership team in strategic planning and key initiatives, according to the fund.
The appointment is part of Insignia Financial’s recently announced restructuring of its operating model and executive team.
The fund has named a new chief financial officer and its inaugural chief member officer.
The $1.5 billion fund has welcomed a former Vanguard Australia executive following a board reshuffle.
The executive has departed Australia’s largest super fund after more than a decade.
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