State Super has appointed Charles Wu as its new chief investment officer (CIO), where he will be part of the executive leadership team and the management investment committee.
Previously the deputy CIO and general manager defined contribution investments, he joined State Super in 2015.
He had also recently been appointed president of CFA Societies, Sydney, late last year.
Reporting to him will be Keri Pratt, newly-appointed to the role of general manager defined benefits assets and liabilities; Sarah Gallard, senior manager responsible investment; and Jonathan Chung, senior manager portfolio risk and general manager defined contribution investments.
John Livanas, State Super chief executive, said: “During his time with State Super, Charles has made a significant contribution to our investment performance in an extremely challenging environment, resulting in State Super's growth and balanced funds consistently being in the top quartile on a risk adjusted basis.
“Charles’ approach to risk management has allowed State Super to successfully navigate the impact of the COVID-19 pandemic on capital markets.
“With Gary Gabriel’s departure, Charles is now ready to step up to the ultimate investment leadership role as CIO.”
Charles moved to State Super in 2015 in the role of head of asset allocation and risk; In 2017, he was appointed deputy CIO and general manager of asset allocation.
Prior to that, he was investment manager at Media Super.