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Coenraads to depart AUSCOAL
AUSCOAL Super has announced the departure of head of investments, Paul Coenraads, following the appointment of a new chief investment officer (CIO).
Broadstreet Global is leading the search with AUSCOAL Super saying changed global economic conditions are behind the team restructure.
Coenraads has been with the fund for seven years leading it through the implementation of unit pricing, investment governance requirements of MySuper and after establishing AUSCOAL Super’s Community Awareness Program.
Mercer will continue as the fund’s asset consultants while AUSCOAL said there would be no further changes to its investment team which includes Michael Berry as portfolio manager, Coreen Russell as investment analyst and Graham Anderson as investment administration officer. Neil Cochrane also provides additional advice.
“Paul leaves AUSCOAL Super in a stronger position and we thank him for his valued contribution over the past 7 years,” it said.
“His skills and experience will be a great asset to others in the future.”
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