The $410 billion AustralianSuper has appointed Barbara Ginet as head of treasury, Europe amidst a broader push by super funds to manage the increasingly complex liquidity needs created by their growing allocations to offshore and private assets. 
 
Ginet joins the fund from Citi, where she was managing director and markets treasurer. Prior to Citi, she spent eight years at UBS in a number of roles, including global head of funding, EMEA and investment bank treasurer. She has also held senior treasury roles at Nomura and Lehman Brothers, as well as front-office fixed income positions at Deutsche, JPMorgan and Merril Lynch.  
 
“We are delighted to welcome Barbara to AustralianSuper, and look forward to drawing on her depth of knowledge and experience as we continue to grow our global footprint,” Joris Hillman, AustralianSuper acting head of investments, Europe, said in a release.  
 
Liquidity management is becoming an increasingly complex task for super funds as they invest more and more of their assets offshore, while growing allocations to illiquid private markets assets must be balanced against member obligations – a challenge that will only intensify as more members move from accumulation into retirement.  
 
In 2024, AustralianSuper became the first super fund to hire a chief liquidity officer, Chandu Bindhi, with chief investment officer Mark Delaney saying at the time that the appointment was “a clear reflection of the importance that we place on liquidity management and the major role it plays in the fund’s operations and the broader Australian economy”.  
 
The appointment of Ginet comes amidst a period of change at AustralianSuper, which recently appointed head of Australian equities Shaun Manuell to the CIO role, with Delaney set to step down after more than two decades in the job. The fund also recently lost Nick O’Neil, its head of Australian real assets, to ASX-listed global real estate and infrastructure group Lendlease.