HESTA has appointed former Queensland Investment Corporation (QIC) investment director Sonya Satwell-Rickson as its new chief investment officer.
Satwell-Rickson would oversee the super fund’s investment program which managed a global portfolio of assets just under $40 billion and would draw on past experience in both the funds management and superannuation sectors.
HESTA chief executive, Debby Blakey said: “Sonya brings outstanding investment experience and leadership across all aspects of portfolio management”.
“Her insights will help drive innovation and continuing excellence across the spectrum of our investment activities,” she said.
Satwell-Rickson has held various leadership positions at QIC since 2007, and formerly worked in investment and corporate finance at QSuper.
The Association of Superannuation Funds of Australia (ASFA) has announced changes to its structure, marking an “exciting phase of growth” for the organisation.
The $74 billion fund has welcomed an experienced CIO to lead its investment strategy.
With the merger between Mine Super and TWUSuper in its late stages, the head of the soon-to-be combined fund is the latest to join ASFA’s board.
The fund has announced new additions to its trustee board.