UniSuper has continued to build its in-house investment management capability with two new hires.
The fund announced it had appointed Matt Spence as senior analyst, infrastructure and Andrew Hill as senior analyst, financials noting that they followed on from other recent hires.
Both Spence and Hill were previously employed with Bank of America Merrill Lynch.
The UniSuper announcement said the hires followed on from the recruitment of Lou Capparelli from Evans & Partners and Jarrod McDonald from JPMorgan.
UniSuper chief investment officer, John Pearce noted the high quality of the analysts it had been able to attract.
The fund also noted that while the transition from the sell-side to superannuation investment represented a relatively recent trend, it was one which was gathering pace.
It said UniSuper was well-placed to capitalise on the trend, having led the profit-for-member sector in developing its in-house capabilities with more than 60 per cent of UniSuper’s funds managed by internal teams.