An experienced investment professional seeking a better work-life balance is being sought by Legalsuper as its first ever chief investment officer.
The $2.3 billion fund for Australia’s legal community hopes to gain a senior figure who wants to work two to three days a week.
An announcement from Legalsuper lists the attractions of the role as working for a fund with above median growth for both assets under management and membership.
The fund’s MySuper offering returned 13.21 per cent in the last financial year, 0.61 per cent over the SuperRatings’ median of 12.6 per cent.
Andrew Proebstl, chief executive of Legalsuper, said he was clear that a chief investment officer was needed and not a general manager of investments.
“The title chief investment officer sends a very clear message to the market of the sort of person we are looking for. It ensures clarity that they have total senior executive responsibility.”
He saw the appointee as using the fund’s relatively small size to enable it to act more nimbly in investment markets than larger funds.
The new chief investment officer will work closely David St. John and Neville Hathaway on the fund’s investment committee and will also be supported by an in-house investment officer and the fund’s asset consultant, Towers Watson.
Proebstl said he has already made the first cut on a short list for the role – an appointment should be made in a month’s time.
An executive search firm – Fish & Nankivell Ogilvie Watson is helping with its search.