South Australian industry super fund Statewide has appointed Richard Nunn as its new chief executive after John O'Flaherty resigned in May.
Statewide chairman, Juliet Brown, said Nunn has the experience and local market knowledge to drive the fund's future growth in the South Australian market.
"As a South Asutralian returning home Richard brings a local's understanding of our members, employers, and other stakeholders that gives us the confidence that the CEO transition process will be smooth," she said.
Nunn will start the role on 4 January and is currently NAB's general manager for strategic development in Asia. Prior to this he was NAB's executive general manger of advice and marketing, and held senior roles at AXA, IOOF, and the Commonwealth Bank.
"I've spent much of my career competing against the structural and reputational advantages provided by industry funds like Statewide, and it will be a genuine pleasure to be able to focus on leveraging the organisation's significant strengths in the marketplace," Nunn said.
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.