Rest appoints private markets head as Esposito exits
Industry superannuation fund Rest has appointed an interim head of private markets following the exit of Simon Esposito.
Marina Pasika will take up the role, alongside her existing role leading the super fund’s growth alternatives division.
Prior to joining the $100 billion super fund, Pasika worked at Future Fund as a private equity manager and at Goldman Sachs.
Esposito is set to leave Rest at the end of October, having announced his departure earlier this month. He had worked at the super fund for over a decade in a number of roles, including head of private markets and deputy chief investment officer.
In his new position, he will join private equity and investment advisory firm CVC Capital Partners as managing director and head of client and product solutions for the firm’s Australian business.
Michael Clancy, chief investment officer at Rest, said: “Congratulations to Marina on her appointment as interim head of private markets. She brings great leadership skills and deep experience, and I’m really pleased that she is stepping into the role in support of our more than two million members.”
Clancy is also a recent appointment to the fund, having joined in August from Qantas Super, where he served as CEO. He took over from Andrew Lill, who left the firm in 2024 to join legalsuper.
“With around three-quarters of our members still decades from retirement, our long-term focus remains as strong as ever. We’re thinking deeply about the world our members will retire into and how we can contribute to a more sustainable future,” Clancy said at the time of his appointment.
Rest has $100 billion in funds under management and represents more than 2 million members. It also holds the largest proportion of members under 30 of any superannuation fund.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
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