HESTA appoints new CCO

The $53 billion industry super fund, HESTA, has announced the internal appointment of Andrew Major to the newly created role of chief risk and compliance officer.

Major previously served as the general manager – unlisted assets where he was responsible for managing the fund’s investments in the infrastructure, private equity, property and other alternative investment strategies, including Impact Investments.

“The appointment of Andrew to the executive team recognises the vital importance we place in risk management and compliance with all regulatory requirements, and the need to coordinate these across a diverse range of business activities,” HESTA's chief executive, Debby Blakey, said.

“Andrew has a deep knowledge of HESTA members, our business and strategy. He brings a unique perspective to his new role, drawing on his extensive investment expertise in unlisted assets and strong legal background, as a practicing solicitor in both private and in-house role early in his career.”

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Major is currently the chair of the Australian Investment Council and represents HESTA on several fund advisory boards.

He recently served as a director of the climate bonds standards board and as co-chair of the United Nations PRI Infrastructure Advisory Committee.