TWUSUPER chief executive, Paul Sayer, has resigned from the post, the industry super fund announced.
After less than a year in the role, Sayer left due to issues with commuting to and from Sydney and Melbourne.
TWUSUPER chairman, David Galbally, said "with the fund's head office based in Melbourne and Paul's family and interests outside of work based in Sydney the demands of commuting, along with the travel involved in the role, proved difficult."
Former CEO, Bill McMillin, will return to the role he resigned from also after less than a year for personal reasons.
"The board is pleased that Bill, who has been assisting myself and the Board in a consulting capacity, has agreed to return to the role of CEO in a full-time capacity," Galbally 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.