University-based industry fund UniSuper is in the market for a new chief investment officer (CIO) with the news that its long-serving CIO, David St John, is to leave the fund at the end of this month.
St John's departure after eight years with UniSuper was announced by the fund's chief executive, Terry McCredden, who paid tribute to the CIO's significant contribution.
McCredden said he would be fulfilling the duties of the CIO position with the support of other team members and the fund's investment committee until a new CIO had been appointed.
"Whilst regretting David's departure, I am confident that UniSuper remains extremely well equipped to handle the challenging investment environment we are now facing with a sense of confidence and opportunity," he said.
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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