Matt Olsen will step into the new role at the end of April 2018 following two and a half years at Lonsec Research as its chief executive officer.
Before that, he was the chief investment officer at industry fund Energy Industries Super, during which he led the investment team and oversaw portfolio performance and the investment process.
In his new role, Mr Olsen will be responsible for "sourcing and delivering market leading investment insights in support of financial advice and IOOF’s advice-led strategy", according to a statement.
IOOF group general manager, wealth management Renato Mota said the company was "excited" to have Mr Olsen join the group.
"Having Matt’s experience in leadership and investment insights as we create a market leading position through the combination of ANZ Wealth Management and IOOF is an exciting proposition," Mr Mota said.
Commenting on his own appointment, Mr Olsen said, "Joining IOOF at this point in its evolution is a great opportunity to contribute to the creation of a market leading advice-led wealth management business.
"My time at Lonsec gives me a strong grounding in understanding the importance of advice and the role of advisers within it.
"I’m excited by the opportunities to apply that knowledge in an organisation so committed to the advice space.”
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