The industry super fund legalsuper has appointed Richard Sanajko as its internal investment manager.
The creation of the position is reflective of a general move by superannuation funds to bring more of their investment decision-making in house.
Sanajko will be aided in his role by Dr Neville Hathaway, who sits on legalsuper's investment committee.
Legalsuper chief executive Andrew Proebstl said the appointment would help the fund provide its core function of creating wealth for its members.
"The appointment of an investment manager will optimise our investment performance, particularly while investment markets remain volatile and competition between superannuation funds increases," Proebstl said.
Sanajko has over eight years of financial services experience in Melbourne, London and Zurich as an investment manager, economist and consultant.
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.