Industry fund AustralianSuper has created a new role of head of equities and appointed Innes McKeand to the position.
McKeand will be responsible for the development and implementation of a comprehensive strategy for the construction and management of AustralianSuper's $24 billion equities portfolio, which consists of both Australian and international equities across developed and emerging markets.
McKeand joins from Aegon Asset Management in the United Kingdom, where he was head of equities.
He has also worked as chief investment officer (CIO) at AIB Investment Managers.
McKeand starts at AustralianSuper on 12 September and will report to AustralianSuper CIO Mark Delaney.
Delaney said the appointment is part of AustralianSuper's long-running strategy to build world-class, in-house investment capabilities.
"AustralianSuper is a major investor in equities with over $24 billion in our portfolio," he said.
"Innes' role will be instrumental not only in growing our equities investments, but also in extracting more value from the portfolio to continue to maximise our members' returns," Delaney said.
"Over the last few years we have focused on growing our in-house investment expertise and now have over 30 investment professionals on the team."
"Our in-house investment expertise ensures AustralianSuper is in a position to continue to provide strong long-term investment returns to our members."
