Industry fund appoints interim investment chief

A former Kinetic Super chief investment officer has been appointed as the interim investment chief of a $4 billion industry fund.

Former Kinetic Super chief investment officer Paul Kessell has joined legalsuper as the fund's interim chief investment officer, following the departure of Edward Smith in September.

The fund confirmed Kessell's appointment to Financial Standard today, and said Kaizen Recruitment had been appointed to find Smith's permanent replacement.

Kessell joins the fund with more than 20 years' experience managing pension scheme investments in Australia and the UK, including almost 10 years at Kinetic prior to its merger with Sunsuper in 2018, and more than five years at ESSSuper in the 1990's.

Between 2004 and 2007, Kessell managed investments at the London Pensions Fund Authority, before a short stint as a pension investment controller at the J Sainsbury Pension Scheme.

legalsuper chief executive Andrew Proebstl said the fund was pleased to bring Kessell into the fold.

Paul is experienced and very well credentialed to make a strong contribution acting in the role while we undertake our search," Proebstl said.

Kessell's appointment follows the departure of former chief investment officer Edward Smith in September, who spent more than four years with the fund after joining in June 2015 after around five years at Australian Unity as head of portfolio management.

He previously served at Frontier Investment Consulting as a senior asset consultant, and sat on the investment committee of the Financial Services Council for two years.

Read more: Edward SmithAndrew ProebstlAustralian UnityFinancial Services CouncilFinancial StandardFrontier Investment ConsultingJ Sainsbury Pension SchemeKaizenLondon Pensions Fund AuthorityPaul KessellSunsuper
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