Merged superannuation funds LGIAsuper and Energy Super have appointed Mark Rider as its new chief investment officer (CIO) ahead of its planned acquisition of Suncorp’s super business this year.
The funds said Rider would help the fund deliver an investment team and approach to serve its members in its next stage of transformation given his experience as an economist and investment strategist.
Rider would start in the role in February while outgoing CIO Troy Rieck would leave the fund this month.
The funds’ chief executive, Kate Farrar, said: “The amalgamation of our funds, and the planned acquisition of Suncorp’s superannuation business, have given us a unique opportunity to reconfigure our investments to ensure that we are delivering the best possible outcomes and future security for our members.
"Mark comes to our team with a unique perspective, having been the CIO at both a large organisation like ANZ and small (Christian Super), while excelling at both.
"He has the vision and nous to further our investment strategy while incorporating the needs of our unique, combined memberships. He is considered about investment matters, data-driven, and risk-aware, and understands how to add value in this ever-changing environment."
Rider was most recently CIO of Christian Super and had also worked as CIO of wealth and private banking at ANZ, chief economist for UBS Investment Bank, and served at the Reserve Bank of Australia.
“I admire the way LGIAsuper and Energysuper are differentiating themselves from the megafunds by really connecting with members and engaging with them on a personal basis,” Rider said.
“This is a super fund where people invest money for retirement and can see that money being put to work in their own communities.
“I am looking forward to meeting with members and helping the fund take full advantage of the Energy Super and Suncorp mergers to generate strong investment returns for all members.”