By Muskan Arora
The $100bn Cbus Super, Australian Superannuation fund has promoted
Leigh Gavin to deputy CIO from the role of head of portfolio strategies.
Gavin succeeds Alexandra Campbell, who left the role last
July after four years.
As the head of portfolio strategies, Gavin was responsible
for internalizing more than half its assets under management, while also
enhancing global partnerships for greater access to new investment.
As the fund recently was announced as the top five best
performing funds over the last 10, 15 and 20 years, Gavin’s appointment is
expected to drive the growth up.
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“Cbus is entering a ‘Goldilocks period’ where we are small
enough to take advantage of a range of opportunities and large enough to be
achieving real economies of scale for members. I’m determined to make sure we
extract every ounce of value for our 900,000+ members as we further roll out
our investment strategy,” said Gavin, in a recent release.
Within three years fund expects its internal investment
capabilities to grow to manage around 50% of the portfolio, and Gavin’s experience
might help him bring relevant skills to the table.
“We see plenty of scope to roll out new internal strategies,
our portfolio construction and DAA programs are really taking shape, and we are
well placed to take advantage of private markets opportunities. I’m excited to
be assisting Brett to deliver on our current strategy and turning an eye to
what the next ten or twenty years will look like,” added Gavin.
Prior to joining the fund, he was Head of Investment Model
Design at AustralianSuper, after joining the Fund’s Total Portfolio Management
team in April 2021.
Before that, Gavin spent five years as CIO of LUCRF as the
CIO, following a long career at Frontier Advisors assisting super funds.
The Superannuation fund has undergone multiple staff appointments
in the last two years including Justin Pascoe, head of portfolio construction; global
equities expert Xia Wu; and Jordan Kraiten, Head of Private Markets &
Infrastructure,
