Industry fund, Kinetic Super has announced its chief executive, Megan Bolton has departed after seven years at the role.
Kinetic Super board chairman, Frank Gullone, said Bolton decided to pursue other opportunities while the board "decided it was time to move forward under a new leadership".
"During her time at Kinetic Super, Ms Bolton led the fund through a number of strategic initiatives, including a substantial re-brand, streamlining and rationalising of three divisions into one fund, relaunching the Fund's investment platform, and building a senior leadership team," Gullone said.
The decision to depart was a mutual agreement between Bolton and the board.
Gullone said an interim chief executive would be appointed shortly.
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.