The $6 billion TWUSUPER has confirmed that its chief investment officer will retire in September and it has appointed a former legalsuper CIO to the role.
Ed Smith will replace Andrew Killen as investment chief although Killen will continue to lead the investment function while progressively handing over to Smith to facilitate a smooth transition.
TWUSUPER chief executive Frank Sandy said the fund was “delighted” to welcome Smith to the role of chief investment officer designate.
“Edward brings significant investment management and industry fund experience to the fund gained through previous roles as an industry fund CIO and as a senior asset consultant at Frontier,” he said.
“He replaces Andrew Killen who has held the CIO role for the past 15 years and has been responsible for building the investment expertise within TWUSUPER, with a particular focus in recent times on strengthening the ESG credentials of the fund.”
Smith was most recently head of investment at Legal Super, a role he held for about four years to September 2019.
Prior to joining legalsuper, he was head of portfolio management at Australian Unity. During that time, he did a two-year stint as a member of the investment committee at the Financial Services Council until May 2015.
As a senior asset consultant at Frontier, Smith managed the currency research and ESG policy teams.