Rest to restructure investments, hire CIO

Rest is set to appoint a chief investment officer amid a restructure of its investment operations.

The $57 billion industry superannuation fund is bringing its wholly-owned investment arm, Super Investment Management (SIM) into its internal investments team, and will appoint a chief investment officer to oversee the expanded unit and implement the investment strategy set by the fund's board and board investment committee.

SIM chief investment officer George Zielinski will act as interim chief investment officer of the fund in the meantime. He will oversee new head of SIM, Simon Esposito and Rest general manager, investments Brendan Casey during the integration, with both teams set to operate as per usual during the transition to a single team.

Rest said the move would position it for further growth, and ensure the full benefit of its existing investment expertise was realised.

"This change builds on Rest's strengths as a major superannuation fund with $57 billion in funds under management and brings our investment expertise together in a single team to focus on further growth," Rest chief executive Vicki Doyle said.

"Having a single team also allows the fund to be nimbler in decision making and will further align all our investments functions with the rest of the fund as we continue to deliver superior member and employer experiences."

The fund confirmed its investment beliefs, strategy, objectives and options would not change as a result of the move.

Read more: SIMBrendan CaseyCIOGeorge ZielinskiSimon EspositoSuper Investment ManagementVicki Doyle
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