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Sainsbury opts for FirstState
In what represents a significant departure, the large NSW-based Local Government Superannuation Scheme and Energy Industries Superannuation Scheme have lost their chief investment officer, who has been recruited by .
The chairman of First State Super, , said Sainsbury had been appointed chief investment officer with the $9 billion fund.
Sainsbury was not only chief investment officer of the Local Government and Energy Industry funds, but also chief investment officer of the fund’s associated wholesale investment vehicle, .
Sainsbury’s new role will see him working with the fund’s investment advisers, JANA, and making recommendations to the First State Super Trustee Board.
AUTHOR
Mike Taylor
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