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AustralianSuper recruiting for new internal investment roles
AustralianSuper will be looking to fill four new internal investment roles that were created to boost the fund’s internal investment capabilities.
The positions — head of infrastructure, head of equities, Asian investment expert, and governance specialist — have been in the works since at least 2008 and are part of a long-planned expansion, according to AustralianSuper chief investment officer Mark Delaney.
All of the new roles will fit within the existing teams, and will also have overarching responsibility for the teams, Delaney said.
Since the establishment of AustralianSuper in 2006 from a merger between Australian Retirement Fund, Superannuation Trust of Australia and FinSuper, funds under management have grown by 50 per cent, he said.
“We anticipate that they will double in the next five years and we need to ensure we continue to be in the best position possible to take advantage of this scale for our members,” Delaney said.
The appointment of an Asian specialist was especially significant, Delaney said.
“AustralianSuper has long recognised the importance of Asia from an investment perspective and this new role will enable us to benefit from growth in this region. This person will identify and assess opportunities and investment partners in the region.”
The governance specialist role will ensure appropriate governance of the fund’s investments, work to improve corporate behaviour in investment vehicles and integrate active investor considerations in the investment process, he said.
The fund had only just begun the recruitment process but would be advertising for the roles, possibly using a recruitment agency and using all available networks to find the best talent possible, Delaney said.
The fund also announced two internal appointments. Jack McGougan, investment manager, property has been promoted to head of property and John Hopper has been promoted to head of income assets from his present role as investment manager for fixed income.
AUTHOR
Mike Taylor
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