HESTA names new chief risk officer

The industry fund has appointed Natalie Alford as its new chief risk officer, strengthening its executive team during a period of transformation.

Alford will commence with her new role with HESTA on Monday, 3 November 2025, joining the fund from Equip Super, where she served as chief risk officer since 2017. Alford brings extensive experience in risk management and regulatory compliance, HESTA stated.

HESTA CEO Debby Blakey said Alford’s appointment would support the group’s ongoing focus on risk ownership and management during a period of significant industry transformation.

“Natalie brings deep industry knowledge and extensive experience leading risk functions that will be invaluable as we continue to implement our risk management framework to support members,” Blakey said.

“Her proven track record in delivering complex transformation projects and extensive regulatory experience make her a fantastic addition to the executive team as we navigate an increasingly complex environment.”

The appointment follows former chief risk officer Andrew Major taking on a newly created advisory role in June, where he has worked closely with HESTA’s investments leaders and advised on the fund’s investment strategy.

Alford joins HESTA with over 17 years of superannuation experience, having overseen risk management, compliance, legal, and governance functions. She has also held regulatory roles at the Australian Prudential Regulation Authority (APRA).

“I’m excited to join HESTA and contribute to its mission of helping members face the future with confidence,” Alford said.

“Robust risk management is crucial to ensuring the fund continues to deliver sustainable long-term results for its members and I look forward to driving this ongoing work.”

Ruvimbo Tagwira will continue to lead the risk function in the interim until Alford commences in November.