The position of chief investment officer at AMIST Super was made redundant on Friday after an internal review of business needs.

Megan Pham was chief investment officer at AMIST Super for five years, joining the super fund in 2010 after working at NGS Super as the assistant investment officer and at Mercer as a research analyst.

Chief executive James Thomas said: “It comes back to an efficiency issue, it does not reflect, in any way, shape or form, badly on the person who was undertaking the role at the time. It was a genuine redundancy and we are sorry to see Megan leave, and thank her for her contribution.”

He added the tasks and functions of the role will now be completed by other internal staff and their relationship with their consultant, Jana, will remain the same.

Megan Pham is the fourth CIO to leave her job in recent months. Mary Fallon left NGS Super in July; Martin Drew left LUCRF Super in August; and David Hartley left Sunsuper in August.