The $2.8 billion Catholic Super has expanded its internal investment team to three.
William Currey will join the Melbourne-based fund on October 22 as its third investment officer, where his chief responsibility will be manager research. Currey was formerly the general manager of investments at Equipsuper, and before that a global equities portfolio manager with Rothschild Australian Asset Management. In his new role he will provide investment advice working closely with chief investment officer Tim Hughes, and be responsible for day to day administration with investment officer Libby Sparchatt. Frank Pegan, Catholic Super’s chief executive officer, said: “We always had a plan to increase our expertise internally with regard to investments. It’s the core of our business and what we do. “;We were looking for someone with extensive experience in manager selection, manager research and administration. William’s background was a perfect fit for the role,”; Pegan said.
AustralianSuper’s appointment of a general manager, retirement to replace Shawn Blackmore, which follows ART's redeployment of Kathy Vincent to chief operating officer, shows that mega funds are back-pedalling on the strategy of having dedicated retirement C-suite executives. The role had been touted as the next big thing in super funds' organisational structures, but experts say what matters is there is senior accountability for decumulation.
Darcy SongDecember 4, 2024
