POWERED BY MOMENTUM MEDIA
Rest reviews structure and creates CIO position
Industry super fund Rest has refined its investment structure and governance framework to position it for further growth following a 12-month review.
The fund, which has $57 billion in funds under management, said its investment arm Super Investment Management (SIM) would now be integrated into the fund’s internal investment team.
It also created a new position of chief investment officer who would be responsible for implementing the investment strategy, as set by the board and investment committee.
In the interim, this position would be taken over by George Zielinski and Rest said it would commence recruitment of a permanent CIO immediately. Zielinski joined Rest in 1997 and was currently CIO at SIM.
Simon Esposito would take on the position of head of SIM to manage SIM on a day-to-day basis while the transition was taking place.
Rest chief executive, Vicki Doyle, said: “Having a single team also allows the fund to be nimbler in decision making and will further align all our investments functions with the rest of the fund as we continue to deliver superior member and employer experiences.”
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
BlackRock will acquire a $25 million minority stake in Generation Development Group as part of a deal to co-develop a new holistic retirement solution.
As stakeholders continue to publish their responses to ASIC’s consultation on capital markets, ASIC deputy chair Sarah Court has acknowledged the quality of the feedback received, describing some submissions as “really good, thoughtful and helpful”.
Super Review has joined forces with Wipro, GBST, and Amazon Web Services (AWS) to deliver a high-level, invitation-only event for senior decision-makers in the superannuation and retirement sector.
With member confidence constantly tested amid market volatility, super funds are struggling to provide clear, timely, and empathetic member communication – an area that’s coming under increasing regulatory scrutiny.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
36.96 3 y p.a(%)
3
GAM LSA Private Shares AU I
34.22 3 y p.a(%)
4
VanEck Video Gaming and eSports ETF (AU)
28.89 3 y p.a(%)
5
Plato Global Alpha A
28.83 3 y p.a(%)
