The industry super fund has tapped First Super chief executive Bill Watson as its new chief investment officer, who is set to commence the role in April.
Watson joins after serving around 13 years as chief executive of the paper, pulp and timber industries fund, which he joined in 2013 from business advisory firm Evans & Peck.
In the First Super role, he was responsible for investment management, as well as the strategic and operational aspects of the fund. Watson’s career also includes senior roles at Statewide Super and TransAdelaide.
At BUSSQ, he will oversee the $7.5 billion fund’s investment strategy, with a focus on delivering strong long-term outcomes for members.
The fund’s chief executive Damian Wills said the team was “delighted” to welcome Watson.
“Bill’s deep expertise and proven leadership will be instrumental in delivering value for our members and navigating an evolving investment landscape,” Wills said.
Watson will take over from CIO Peter Laity, who exited the fund in December to spend more time with his family.
It is not yet known who will replace Watson as First Super’s chief executive but the fund said it will commence a search soon.
The news also comes amid an executive reshuffle at First Super following the appointment of a new deputy chief executive in November last year to replace Michelle Boucher.
Boucher, who left in June to join REI Super as group executive for transition and transformation, was replaced by Greg Everett. Everett’s responsibilities at BUSSQ include member growth and retention and supporting the chief executive as needed.
