TCorp to expand investment business team

— 1 minute read

NSW Treasury Corporation (TCorp) has announced changes and the creation of new roles in its investment business and executive leadership team.

David Deverall

In a statement, the NSW government-owned funds manager announced that its investment management function would undergo a restructure, including an “expansion and reorganisation”.

Changes in “reporting line” will mean the investment operations team now falls under the chief operating officer, which will see general manager for investment implementation and operations Jonathan Green depart the role after more than a decade with the company.


Chief executive David Deverall noted Mr Green’s contributions and said he was responsible for a number of amalgamation programs and project deliveries.

“He has been an active participant in the industry as a member of the Financial Services Council (FSC) Investment Committee.

“At TCorp Jonathan established operational due diligence as a key discipline and has been a strong advocate for its adoption across the broader industry,” Mr Deverall said.

“This transformation aims to enhance TCorp’s investment capability and achieve higher sustainable investment returns for its clients, the [NSW] State and ultimately, the people of NSW.

“The key driver for these changes is to move to a more client-specific, centralised investment model which will focus on areas of comparative advantage, supported by scaleable and consistent processes,” the statement said.

The new roles are head of investment advisory, head of portfolio construction, head of exposure management and head of partner selection.

TCorp will be looking both internally and externally to fill these roles, who will all report to chief investment officer Stewart Brentnall.

He commented: “Given the long-term, stable nature of our clients’ horizons, government sponsorship and client service focus, we are uniquely placed to manage our clients’ assets in order to meet each one’s unique risk and return needs.

“Restructuring our investments business will ensure we have the right skills, capability and talent in place to effectively execute our strategic goal.”

Furthermore, a technological strategy and delivery position of general manager for technology will be created, reporting to Mr Deverall.


TCorp to expand investment business team
David Deverall
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