Sunsuper head-hunts Patrick from JANA

Sunsuper has confirmed the appointment of JANA chief executive, Ian Patrick as its new chief investment officer.

At the same time as NAB Asset Servicing announced that Patrick would be departing the JANA asset consulting business, Sunsuper chief executive, Scott Hartley announced his appointment to the CIO role, claiming it as a major coup for the super fund and elemental in it further charting its own direction with respect to investment.

"Our aim is to become industry-leading in terms of our investment capability and Mr Patrick, with his extensive experience in the institutional investment industry, coupled with his demonstrated expertise in leading high performing teams, is the perfect fit for the role," Hartley said.

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"His strong investment and leadership experience will perfectly augment the depth of capability that already exists within Sunsuper's investment team, as we continue to execute our strategy of investing in a broad range of asset classes, dynamic asset allocation, and pursuing innovative investment opportunities — all while maintaining a strong emphasis on governance and maximising members' returns."

Mr Hartley said Sunsuper's investment team had also welcomed portfolio manager, asset allocation, Andrew Fisher back to the business this week after a short period at NZ Super Fund.

He said both Patrick and Fisher would be based in Sunsuper's Sydney office.

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