First Super recruits head of investments from Prime Super

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

Michael McQueen is joining the industry fund on July 1, coming from Prime Super where he was the general manager for investments for close to two years.

He brings over two decades of experience and held senior investment roles at other super funds, including Media Super, LUCRF Super, and Kinetic Super. He also has experience at various financial institutions like UBS, Goldman Sachs, JBWere, ANZ Global Wealth, and more.

More recently, he was chief investment officer at Foresters Financial between 2023 and 2024.

The announcement follows the resignation of chief executive Bill Watson who left to join BUSSQ as chief investment officer after a 13-year tenure. Greg Everett was appointed acting chief executive in March.

Commenting on McQueen's appointment, Everett said it comes at an important time for the fund.

"Michael brings a rare combination of deep investment expertise, strong governance discipline and a proven ability to build high-performing teams," Everett said.

"His experience across asset allocation, portfolio design and investment stewardship positions him to drive our investment strategy forward and deliver long-term value for members."

In accepting the role, McQueen said he looks forward to strengthening the fund's investment capability.

"First Super has built a solid investment foundation and I'm looking forward to working with the team," McQueen said.

"As financial markets become increasingly complex, a disciplined approach is critical to ensure we deliver competitive outcomes to members."

Other super funds have also been making moves, including Aware Super with a new head of international, based in London; Rest's head of CIO office; NGS Super appointing a chief member officer; and a new chief investment officer joining AustralianSuper.