Christian Super has appointed Mark Rider as its new chief investment officer (CIO), succeeding Tom Macready.
Rider had over 30 years’ experience, starting with the Reserve Bank of Australia where he spent 10 years in various roles, including as an economist, and as head of economic activity and forecasting.
He later joined UBS Investment Bank and UBS Global Asset Management, where he spent 16 years in roles that included Australian chief economist, institutional account manager, equity strategist and head of investment strategy.
He had spent the previous seven years with ANZ wealth and private banking, where he had been head of investment strategy and CIO.
Macready would be moving to specialist impact investment firm Brightlight, located in Sydney.
Ross Piper, Christian Super chief executive, said Rider’s appointment as Christian Super’s new CIO was a significant milestone for the fund.
“Mark is a highly qualified and experienced investment leader, and his appointment will underpin Christian Super’s strong continued focus on maximizing outcomes for our members, and ensuring their money is invested in line with their values and beliefs,” Piper 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.