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Equipsuper beefs up defined benefits division

Equipsuper beefs up defined benefits division

Tim Stewart
— 1 minute read

Equipsuper has appointed a former Suncorp and QIC executive to manage the industry fund's defined benefits liabilities.

Troy Rieck will move into the newly created role of executive officer for liability management at Equipsuper.

Equipsuper chief executive Danielle Press said Mr Rieck's appointment would allow the fund to maintain a "leadership position" in defined benefits, which comprises one-third of the fund's $7 billion in funds under management.

"Troy will work with the fund actuary and our employers to provide more tailored investment solutions for those schemes as their ageing membership demographic moves closer to retirement," Ms Press said.

"He will also add considerable strength to the development of our capabilities in outcome investing, working with our financial planners to provide a more holistic wealth offering to our high-net-worth members."

Mr Rieck will also focus on outcome investing for Equipsuper's accumulation members.

Before making the move to Equipsuper Mr Rieck was the executive manager of investment advice at Suncorp. Prior to that, he ran the capital markets division of QIC. 

 

Equipsuper beefs up defined benefits division
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