ANZ Group’s superannuation department has appointed a new investment manager to oversee strategy for the $2 billion Australian scheme, and help co-ordinate investment policy across ANZ’s 40 international funds.

ANZ’s head of superannuation, Kevin Kelly, said that long-term ANZ employee and trustee of the ANZ Australia Staff Superannuation Fund, Peter O’Reilly, was appointed last month to to the investment manager role which Ian Glenny vacated earlier this year. O’Reilly has worked at ANZ for 24 years, with his responsibilities including capital markets and derivatives sales. He has been on the board of the domestic staff fund for nine years and has sat on its investment working group, but he will now stand down from the board at the upcoming elections. Kelly, who has also retained his previous position as chief executive of the Australian scheme, understood that Ian Glenny was currently travelling but would rejoin the industry on his return. The ANZ Australia Staff Superannuation Fund has roughly 26,000 members and $2 billion under management, while the overseas funds have around 10,000 members and over $1 billion under management. Watson Wyatt is asset consultant to the Australian fund.

Leave a comment