State Super chief executive Chris Durack will leave the fund in October to take up a position as director with Schroder Investment Management Australia.
In the new role, Durack will be responsible for business strategy, product and distribution.
The expansion of the senior management team has been a result of steady business expansion and the technical and investment challenge of the current macro-economic environment.
Chief executive Greg Cooper said Durack is highly experienced, respected and well-known to many of Schroders’ clients and consultants.
“Funds management is a people business and our strategy has always been to hire those with a strong investment background and broad technical capability across all areas of the business,” Cooper said.
Schroders has also expanded its Australian fixed income and multi-asset teams with the appointments of Stuart Gray and Alicia Low.
Gray joins Schroders as fund manager, fixed income and head of credit research. He comes to the team from Aberdeen Asset Management where he held the role of senior portfolio manager in the Australian fixed income team, while also managing the credit research team.
Low will take on the role of senior credit analyst. She joined from Standard and Poor’s where she held the position of associate director responsible for a portfolio of rated Australian and New Zealand companies. She has also previously held credit analyst roles at Citibank and National Australia Bank.
