Australian superfund Crescent Wealth has appointed Jason Hazell as its new chief investment officer to help the group set its investment objectives.
Mr Hazell has more than 20 years of experience in the industry and joins Crescent Wealth from Nightingale Partners, a venture capital firm that invests in early and growth-stage companies.
Prior to this, Mr Hazell was head of investment specialists with NAB Asset Management and also had a decade of experience with MLC Investment Management.
In the new role at Crescent, Mr Hazell will work with the investment committee to set investment objectives, formulate investment strategies and manage portfolios that invest in ethical and Islamic compliant industries.
Managing director at Crescent Wealth Talal Yassine OAM said Mr Hazell had previously worked for the firm’s investment committee, so he knew its distinctive investment approach well.
“Jason is a proven performer, a great addition to the Crescent Wealth family, and a strong supporter of our investment ethos.
“Our socially responsible investment principles and values align with low risk and medium returns over long periods. Our Islamic compliant investment approach also means we actively have a ‘no-go’ approach to investments in industries such as weapons manufacturing, alcohol production and sales, tobacco, gambling, pornography and interest-earning financial institutions, such as banks.”
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