Telstra Super loses CIO

The chief investment officer of the $10 billion Telstra Super is understood to have resigned from the fund on Friday to take a senior position at a large Melbourne-based retail funds manager.

Steve Merlicek, the long-time CIO with Telstra Super, is understood to have tendered his resignation last week after accepting a senior investments role at IOOF Holdings.

Speaking yesterday to I&T News, Merlicek said he could “neither confirm or deny” the big move.

“You should speak to IOOF,” Merlicek said.

Neither Christopher Kelaher, managing director of IOOF, or Martin Crowe, chief executive officer at Telstra Super, could be reached for comment before presstime.

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Rest eyes changes to lift its investment team ‘from great to greater’

The $100 billion profit-to-member fund Rest Super is mulling an expansion and upgrade of its investment team as it seeks new ways to invest a growing pool of assets and continue to generate competitive performance for its 2.1 million members. The fund’s newly appointed chief investment officer Michael Clancy tells Investment Magazine that staying connected to the fund’s membership is an important part of the job.

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