A key architect of the compulsory retirement savings system lauds its many achievements, stretching from the national economy to the individual. Where it’s double faulting is in serving members – and it needs to be addressed promptly.
With performance and diversification driving demand, these funds are expected to experience four-fold global growth over the next decade to nearly $AU65 trillion.
TCorp completes investment team with Future Fund hire
TCorp, the big NSW Government-related fund, has rounded out its investment team with three new appointments including that of head of portfolio construction. Tanya Branwhite.
Branwhite will be joining TCorp after about 25 years of investment management experience, most recently from the Future Fund, where she had the heady titles of ‘director of listed equities and director of market insights and portfolio implications’.
Prior to that she occupied senior macro and client strategy roles at Macquarie Group, Deutsche Bank and Citigroup Global Asset Management.
The other new appointments are:
- Derek Mock, senior portfolio manager, who joins TCorp after a decade at Mercer where he held the role of principal consultant, advising large industry clients on broad aspects of building and managing institutional investment portfolios, and
- Tom Gillespie, senior manager portfolio risk, who joins from Russell Investments and has held previous positions with Commonwealth Superannuation Corporation and Citigroup, in senior quantitative and risk analysis / management based roles, responsible for institutional portfolios.
Stewart Brentnall, the TCorp CIO, said that, as the business assumed significant scale as an investment manager – approaching $100 billion in assets under management – it was important that it built a robust and diverse team with exceptional capabilities.
Brentnall joined TCorp in April last year with the brief to build a new investment management structure, including some new staff, following the earlier appointment of David Deverall as chief executive. Brentnall was previously the CIO for ANZ and before that head of investment solutions at BT Financial Group – both multi-manager firms.
“These appointments dramatically strengthen TCorp’s organisational capabilities in key areas of our investment management model,” he said. “Each of the appointments brings highly relevant experience gained at the coalface of financial services and portfolio management, in Australia and in some cases internationally.
TCorp manages money for more than 100 Government-related clients as well as overseeing the implementation of the NSW Government’s debt activities.
– G.B.
