The industry super fund legalsuper has appointed Richard Sanajko as its internal investment manager.
The creation of the position is reflective of a general move by superannuation funds to bring more of their investment decision-making in house.
Sanajko will be aided in his role by Dr Neville Hathaway, who sits on legalsuper's investment committee.
Legalsuper chief executive Andrew Proebstl said the appointment would help the fund provide its core function of creating wealth for its members.
"The appointment of an investment manager will optimise our investment performance, particularly while investment markets remain volatile and competition between superannuation funds increases," Proebstl said.
Sanajko has over eight years of financial services experience in Melbourne, London and Zurich as an investment manager, economist and consultant.
The super fund announced that Gregory has been appointed to its executive leadership team, taking on the fresh role of chief advice officer.
The deputy governor has warned that, as super funds’ overseas assets grow and liquidity risks rise, they will need to expand their FX hedge books to manage currency exposure effectively.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.