Industry fund legalsuper has appointed a new chief investment officer.
The fund announced this week it had appointed former Australian Unity head of portfolio management, Edward Smith, to the role.
Confirming Smith's appointment, legalsuper chief executive, Andrew Proebstl said it would increase the fund's internal investment expertise and create more capability to access investment opportunities that might not be readily accessible to larger super funds.
He said Smith would play a lead role in advising the fund's Investment Committee and Board on investment strategy, and overseeing all aspects of legalsuper's investment arrangements.
The $340 billion fund has welcomed three senior investment executives to its London office as it continues to internalise the management of international equities, its single largest asset allocation.
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.