BlackRock welcomes new Melbourne head for 2020
David Porter is making the move from London to Melbourne to take up the newly-created role of BlackRock’s Melbourne head, starting in January 2020. Porter is the managing director and head of UK’s consultant relations at BlackRock, and in Australia he will perform the same function.
Catholic Super and Equipsuper name CEO
After announcing a merger, Catholic Super and Equipsuper have chosen their new chief executive, Scott Cameron. Cameron is a senior executive with Computershare, and will join both superannuation funds as CEO (an Australian first) before they merge.
LGIAsuper appoints new CIO
Troy Rieck is LGIAsuper’s new chief investment officer, moving across from the same role at Equipsuper. Rieck is replacing David Todd, who is retiring at the end of the year after 15 years with the fund.
Rest super and retirement GM leaves fund
Edward Salloum is retiring as general manager of superannuation and retirement solutions, leaving Rest superannuation fund after several years. A replacement is being sought.
CFS hands out redundancies in corporate super distribution team
Colonial First State (CFS) has made seven business development managers at its corporate superannuation offering redundant due to low inflows into the FirstChoice Employer product. The team is now down to 22 members, with the total distribution team over 100 people.
SSGA global equity beta executive retires
State Street Global Advisors (SSGA) is losing its local managing director and global equity beta head, Susan Darroch, after 20 years. Darroch oversaw $140 billion in assets over 120 Asia Pacific (ex Japan) portfolios. To replace Darroch with new appointments via promotion, Jonathan Shead is the new head of investments for Australia, while Alex King is the new head of global equity beta solutions for Australia with senior portfolio duties.