Industry fund continues in-house investment expansion

Industry super fund Cbus is continuing to expand its in-house investment capability with the appointment of a senior portfolio manager, fixed interest and cash.

Michael Swan, formerly of boutique fixed income asset manager Brookline Partners, joins the Cbus public markets team with responsibilities including oversight of the fixed interest and cash sectors as well as providing support for alternative debt.

Cbus executive manager investment strategy Kristian Fok welcomed Swan to the team, adding: "We are delighted to have Michael join us as we build and execute our internal management strategy."

"Attracting experienced and talented individuals for our internal team puts us in a great position to deliver results for our members over the longer term."

Swan joins Cbus with more than 25 years' experience in cash and fixed income roles with international and Australian investment managers including Vianova, Perennial and UBS.

In a statement he said he is pleased to be joining a fund like Cbus that is "committed to securing the best retirement outcomes for its members as they're growing their internal capability."

The appointment comes as Cbus looks to expand its in-house investment capability, adding a portfolio manager and a senior portfolio manager to the internal equities team in February, and a portfolio integration manager in December last year.

Last year, the fund dramatically expanded its in-house investment team from 34 to 59 and implemented a newly-defined strategy aiming to capture several scale advantages.

Growing its investment team by 74%, the fund says it is preparing for future challenges among a growing asset pool likely to reach $50 billion in the next three to five years.

Swan commenced with Cbus on 3 April 2017, and will be located in the Melbourne office working with investment manager, public markets Brett Chatfield.

Read more: CbusMichaelBrett ChatfieldBrookline PartnersKristian FokMelbournePerennialUBSVianova
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