Sunsuper has appointed former JANA Investment Advisers chief executive Ian Patrick as the super fund's new chief investment officer.
Ian Patrick joins Sunsuper after heading up NAB Asset Servicing-owned JANA since 2008. Prior to that, Mr Patrick was a principal consultant at JANA for six years.
NAB Asset Management has announced that Mr Patrick will be replaced as chief executive of JANA by Jim Lamborn.
Sunsuper chief executive Scott Hartley said Mr Patrick's appointment represented a "major coup" for the super fund.
"Our aim is to become industry-leading in terms of our investment capability and Mr Patrick, with his extensive experience in the institutional investment industry, coupled with his demonstrated expertise in leading high-performing teams, is the perfect fit for the role," Mr Hartley said.
"[Mr Patrick's] strong investment and leadership experience will perfectly augment the depth of capability that already exists within Sunsuper’s investment team.
"We continue to execute our strategy of investing in a broad range of asset classes, dynamic asset allocation, and pursuing innovative investment opportunities – all while maintaining a strong emphasis on governance and maximising members’ returns," Mr Hartley said.
Mr Patrick will be based in Sunsuper's Sydney office, where he will be joined by portfolio manager for asset allocation Andrew Fisher who will rejoin Sunsuper after a short stint at NZ Super Fund.
"Andrew is a highly experienced investment strategist and will rejoin the team this week after six months in New Zealand," Mr Hartley said.
"His appointment brings the size of Sunsuper’s investment team to 25."