POWERED BY MOMENTUM MEDIA
First State Super CIO retires
First State Super chief investment officer, Mark Sainsbury has announced his retirement.
The successful merger of First State Super with Health Super included the re-alignment of investment structures which has resulted in Sainsbury's retirement which will be effective in May.
Sainsbury said of his departure that he was proud of the development of First State Super into one of the industry's pre-eminent super funds with $38 billion under management.
"With a well-developed and evolved investment philosophy, an impressive mix of investment professionals, and strong management and board support, I know that the investment division will continue to respond to the constantly challenging and demanding investment environment," he said.
First State Super chief executive, Michael Dwyer thanked Sainsbury for his contribution.
"Mark was one of the original designers of the member investment choice features of First State Super back in 1992, and has, since he re-joined in 2005, continued to maintain a significant contribution to the scheme's growth and success," he said.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
With Damian Graham stepping into a new capacity within the $190 billion super fund ahead of his retirement, a global search is set to commence for his replacement.
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
