AustralianSuper, the $42 billion fund with 1.8 million members, is looking to appoint a senior manager to decide on asset allocation, I&T News reports. The selected manager will manage strategic allocation and economic research and will report to AustralianSuper’s CIO Mark Delaney.
The position is newly created to fulfill the pension fund’s aim of delivering additional value to members’ retirement savings. The fund has invited tenders to run its middle office operations, that handle all the data resulting from a transaction and report to custodians. A decision will be made early next year on who will win the middle-office contract.
Click here for the story from I&T News.
