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HESTA announces new head of investment execution

By Rhea Nath
2 minute read

The $82 billion fund has welcomed a former Citi and JPMorgan executive to lead its investment execution strategies.

Sophie Jelleff has been appointed head of investment execution at HESTA, effective 8 April 2024.

Her remit will include shaping and leading the fund’s investment execution strategies, collaborating closely with the executive and investment management teams.

“Sophie’s extensive experience in investment operations will undoubtedly bring value to HESTA’s members," said HESTA chief executive Debby Blakey.

Her appointment signals our commitment to further strengthening HESTA’s investment capabilities and delivering the best financial returns for members.”

Jelleff brings more than two decades of investment experience to the role, most recently serving as director at Citi Australia for two years.

Previously, she was a general manager for the asset servicing operations team at NAB for almost three years and an executive director at JPMorgan for almost 15 years.

Jelleff’s resume also include one year as vice-president, corporate development, at BNY Mellon and four years as a client manager at Deloitte.

HESTA outlined Jelleff’s wealth of expertise towards enhancing its investment operating platform for current and future multi-asset class investment management activities.

Sophie’s leadership and operations experience, domestically and globally, will benefit members and align with HESTA’s commitment to investment excellence,” said HESTA’s chief operating officer, Stephen Reilly.

Commenting on her appointment, Jelleff added: “I am thrilled to be joining HESTA and helping to deliver exceptional investment outcomes for its 1 million-plus members.”

The appointment marks a second senior investment appointment at the $82 billion fund in recent months.

In September, HESTA welcomed Dianne Sandoval as head of portfolio design, where she was tasked with leading the research and asset allocation processes to enhance the probability of achieving investment objectives, oversee the rebalancing and currency overlays, portfolio risk management and evaluating performance.