Industry fund on the hunt for investment operations boss

Following the departure of its investment team's founding member last year, a $43 billion industry fund is recruiting for a chief operating officer, investments - reflecting the goal to significantly boost its assets under management.

Cbus created the new role as part of the restructure of its investment operations, which commenced after Trish Donohue left in August. The fund said the position will involve spearheading the drive to boost AUM to $60 billion in the next four to five years.

Whoever gets the job will oversee the investment team's back and middle office, as well as support teams including operations, analytics, risk, legal, compliance and tax.

"We're proud of our outstanding returns - 11.85% this past year - placing us in the top 25% of Australian superfunds over one, three, five, seven and 10 years and our focus is on driving continued strong performance," Cbus chief investment officer Kristian Fok said.

"A significant focus of our new investment model is the internalisation of a number of direct investment strategies, so we're looking to the future and having the right structure and the right team in place is critical to our success," he said.

Fok flagged that in addition to the expanded infrastructure team, Cbus is also "developing new strategies for opportunistic growth and Australian equities."

He added that the candidate for the new role should be "someone with exceptional leadership and relationship management skills with the capacity to provide high level strategic advice and support to the investment leadership team, group executives, chief executive, investment committee and board."

Read more: CbusAUMKristian FokTrish Donohue
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