AustralianSuper hires in-house investment managers

AustralianSuper has appointed four new investment managers as part of its five-year plan to internalise 30 per cent of funds under management (FUM).

Former Equity Trustees chief investment officer Shaun Manuell has been hired as senior portfolio manager for Australian equities.

He previously worked in London for JB Were & Sons and Cazonove & Co. before spending over a decade in various positions with Equity Trustees.

Nik Kemp will join AustralianSuper as its senior investment manager for infrastructure after finishing his current role as director at Capella Capital.

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He has also held positions with ABN AMRO (formerly Babcock and Brown), Henderson Global Investors in the UK and Boston Consulting Group.

The fund will also add Paul Keogh to its books as its direct investment manager for property.

Keogh worked for Deutsche Bank's alternatives investment management division, RREEF, for almost a decade in a number of positions including his most recent post as chief investment officer for Asia Pacific.

Tim Kelly will move on from 10 years tenure with Franklin Templeton Investments, most recently as executive director of operations, to become AustralianSuper's senior manager of risk.

In his latest role, Kelly was responsible for accounting, financial and performance reporting of trusts within Australian operations.

He has also been employed with RACV, ING Limited (formerly Heine Management Limited), and BlackRock Asset Management. 

AustralianSuper said plans to internalise 30 per cent of its investment management over five years were on track and would deliver estimated cost savings of up to $200 million per annum.

Recruitment for its Australian equities team will begin next week, with a view to managing a portion of the portfolio in-house later in the year.