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Equip restructures amid low return climate
Equipsuper has consolidated its chief investment officer and executive officer, liability management positions into a single role as it sought to cope with many challenging years in a low return investment environment.
The multi-sector industry superannuation fund had appointed Troy Rieck as executive officer, investment strategy.
Chief investment officer, Michael Strachan, would be departing after 10 years in the role.
Rieck would look after an investment team that had been restructured into three groups — defensive assets, growth assets, and asset allocation — however, team members would retain cross-functional responsibilities, the fund said.
The investment team would look to increase diversification within the fund, and be more dynamic in the allocation of capital and risk.
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