Former Morgan Stanley executive Paul Banks has signed on as head of institutional business at Australian Unity Investments (AUI).
Reporting to general manager, funds management, Fiona Dunn, Banks will be responsible for building out AUI's business through fostering new and current relationships in the institutional market.
Banks 22 years' experience includes head of pension client services, head of transition and head of structured solutions at Morgan Stanley, and roles with Goldman Sachs, JBWere and Macquarie Bank.
"Continuing to generate funds inflows for our boutique funds management partners and our property funds is a fundamental component of Australian Unity's strategy and we believe Paul is the right person to help us achieve our growth plans," Dunn said.
The fund has hired a former ART executive as its new head of group strategy.
The sovereign wealth fund has revealed six internal hires to support the execution of key strategies.
The fund has announced the departure of a second senior executive in as many months, with its chief member officer to finish up mid-December.
The $89 billion fund has announced a new leadership role within its private markets team.