CSF has announced the retirement of its chief investment officer (CIO), Garrie Lette, and is expected to fill the position prior to his departure later this year.
Lette was an integral part of the CSF management team and was responsible for overseeing the investment arrangements of the company’s $9 billion MyLife MyMoney Superannuation Master Trust.
CSF chief executive officer, Frank Pegan, said the company was proud of what Lette achieved in his role and his continual focus on meeting the 80,000 members’ long-term investment needs.
“Garrie will help to make it a smooth transition for our new CIO and be available into the future as a trusted adviser,” he said.
CSF chair, Danny Casey, said Lette had foreshadowed his departure, allowing the company to plan for his transition.
“There are many investment professionals who would relish in the opportunity of taking on a role with CSF – working to maintain its enviable high performance and furthering its reputation as a responsible investor,” he said.
CSF had begun the recruiting process to fill the role.