Construction-focused industry superannuation fund, Cbus Super, has made several appointments as the firm increases the amount of assets managed in-house.
Alexandra Campbell had been promoted to new role of head of private markets and infrastructure and would be responsible for managing the private markets portion of the fund’s investment portfolio, while also continuing to lead its infrastructure portfolio.
This followed the retirement of Grant Harrison as head of private markets, and he would retire in January 2022 after nine years with the fund.
Kristian Fok, chief investment officer of Cbus Super, said: “I’d like to acknowledge Grant’s exceptional career in funds management and superannuation and his commitment to delivering great outcomes for Cbus members. We wish him all the best in retirement”.
Lisa Cuman was appointed as head of investment legal and governance, she joined the super fund from Citigroup Australia and NZ where she was head of legal for the institutional clients group.
Steward Tan joined from the Victorian Funds Manager Corporation (VFMC) to be head of markets, asset allocation. He would have responsibility for input into the formulation of investment strategy at the asset allocation for Cbus’ diversified investment options.
Finally, Ash Chandra was appointed as research director for global quality equities, joining Cbus from a role as executive director – emerging companies analyst at Goldman Sachs.
Fok commented: “We are delighted to welcome these key appointments to our experienced and dynamic team.
“The roles support our internalisation and total portfolio approach, which are central to our continued outperformance and to maximising the retirement savings of our members.”
Cbus was working towards having 40% of its $67 billion in assets under management managed in-house.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
Add new comment