Super fund appoints investment lead

A former NAB Asset Management executive was appointed chief investment officer of a $250 million superannuation fund.

Jason Hazell has joined Crescent Wealth as its new chief investment officer, bringing with him more than 20 years' experience in super, investment management, mergers and acquisitions and private equity.

Hazell joined Crescent Wealth from Sydney venture capital firm Nightingale Partners, where he spent a year as the firm's investment manager.

Prior to his stint at Nightingale, Hazell spent more than eight years at NAB Asset Management including about four years as head of investment specialists and head of investment communications.

At Crescent Wealth, Hazell is charged with setting the fund's investment objectives and formulating strategies aligning with the fund's values alongside the investment committee which he has sat on since 2017.

Given the fund's strong values, Hazell will be responsible for selecting ethical and Islamic compliant industries to invest member funds, screening out sectors like weapons manufacturing, alcohol production and sales and gambling.

Crescent Wealth managing director Talal Yassine recognised the strength of appointing Hazell given his close association with the firm.

"Jason is a proven performer, a great addition to the Crescent Wealth family, and a strong supporter of our investment ethos," Yassine said.

"Our socially responsible investment principles and values align with low risk and medium returns over long periods. Our Islamic compliant investment approach also means we actively have a 'no-go' approach to investments in industries such as weapons manufacturing, alcohol production and sales, tobacco, gambling, pornography and interest-earning financial institutions, such as banks.

"We offer an attractive alternative based on socially responsible investing and place funds in healthcare, property and infrastructure, utilities, manufacturing and innovative industries

Read more: Crescent WealthNAB Asset ManagementJason HazellNightingale PartnersTalal YassineSydney
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