Appointments

The passive giant’s former super boss has found a new home at Bell Asset Management, and comes into the increasingly tough business of active management with his “eyes wide open”.

The NZ Superannuation Fund (NZS) has confirmed chief investment officer, Stephen Gilmore, has resigned after winning the same position at one of the world’s largest pension funds.

Australia’s biggest super fund has slashed the headcount in its Melbourne-based global equities team as it prepares to build out a new crew in its rapidly expanding London office.

The $82 billion fund has picked up a new head of investment execution with a “wealth of expertise” from Citi Securities Services as it looks to enhance its own investment operation platform.

The $85 billion industry fund has picked up a new head of stewardship with a “wealth of experience” from BlackRock as it looks to double down on its ESG goals.

The former chairman of IFM Investors and Industry Super Australia has been appointed to the Future Fund Board of Guardians as the government looks to “maximise” the role Australia’s sovereign wealth fund plays while preserving its independence.

The $160 billion industry fund has found a new head for its $90 billion public equities portfolio in an alumnus of passive investing giants like Vanguard and BlackRock. It’s also pulled the trigger on promotions in the public equities team.

The asset consultant’s strategy of shopping its services to the demanding not-for-profit sector is paying off, with Uniting Financial Services retaining it for portfolio construction, manager research and ESG advice.

There were 3000 super funds in 1981. But when Russell Mason retires after 42 years of trust deeds and time sheets, the world he worked in as a trusted adviser and governance expert will have only about 70 funds left.

The asset consultant will modify its team composition in response to shifting client demand and build out its younger ranks as it executes on its new five-year plan.

The $75 billion industry fund is creating an “active, fundamental stock-picking” internal global equity capability and has lined up a former Comgest portfolio manager to oversee it.

Specialist private debt manager Revolution Asset Management has boosted its ranks with a new portfolio manager hailing from Bank of America.