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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