Former Westscheme chief executive, Howard Rosario, has been appointed to head up major West Australian fund, GESB.
Rosario's appointment has been confirmed by GESB Chairman John Langoulant.
Westscheme merged with AustralianSuper, with the arrangements being completed in the middle of last year.
GESB had been seeking a new chief executive following the departure of Michele Dolin in May, last year.
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.