HESTA has appointed Stephanie Weston in its newly created role of head of portfolio design, part of the fund’s strategy to internalise asset management.
The fund said Weston would focus on the “top down” aspects of HESTA’s portfolios, including construction and risk analysis, economic and market research, and strategic tilting.
She would also work with the investment execution team to manage and minimise execution risks while ensuring portfolios were responsive to market conditions and opportunities.
“I am very excited to be joining Debby, Sonya and the team at HESTA. The current investment environment is challenging; so it is the right time to be focussing on overall portfolio design, and thinking about how to optimise risk-adjusted returns,” Weston said.
“The COVID-19 pandemic has made me even more aware of how critical nurses and other service providers are to our communities. I am inspired to do the best I can to help HESTA’s members meet their retirement goals.”
Weston had over 20 years of experience in the Australian financial market and joined HESTA after 15 years at the Reserve Bank of Australia, followed by chief investment officer positions with AMP Life and Genworth Australia. She was also a member of Australian Super’s investment committee for five years.