Industry superannuation fund Professional Associations Superannuation (PASL) has extended its in-house investment capability.
The fund, which boasts around $1.2 billion in assets under management and 400,000 members, has appointed former Australian Super analyst Paul Griffiths to a newly-created investment analyst role.
The appointment represents an extension of the fund’s investment management capability, with Griffith having been tasked with supporting PASL’s investment manager, Paul Kessell, who took up his role in June last year.
Kessell said the appointment highlighted the fund’s commitment to its investment strategy as a key to creating a platform for growth and the delivery of reliable superannuation solutions.
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“Slow and steady” appears to be the Reserve Bank’s approach to monetary policy as the board continues to hold on to its wait-and-see method.
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