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 retirement of two long-serving executives has presented an opportunity to consider operations and avenues for future growth, according to the fund.
The $340 billion fund has welcomed three senior investment executives to its London office as it continues to internalise the management of international equities, its single largest asset allocation.
The fund has hired a former ART executive as its new head of group strategy.
The sovereign wealth fund has revealed six internal hires to support the execution of key strategies.