Not-for-profit superannuation fund QSuper has continued to grow its investment team, adding two people to oversee the strategy, implementation and investment administration of the fund's investment pools.
Damian Lillicrap has been appointed as head of strategy. He has extensive experience in the banking and investment industries and was most recently head of portfolio design for QIC.
Herbert Chang has been appointed head of capital markets and has over 19 years of experience in corporate treasury and finance in the food, tobacco, and oil and gas industries. Prior to joining QSuper, Chang was the Asia Pacific treasurer for Philip Morris.
"Our new investment team will have the responsibility for implementing policy decisions and structuring potential investments with a view to increasing the value of QSuper funds," QSuper chief executive Rosemary Vilgan said.
"We have been able to appoint a strong and experienced team, which is equipped with a wealth of domestic and international investment experience."
QSuper has been gradually expanding its investment capability as part of its progression towards becoming a regulated fund.
This year, QSuper appointed former QIC head of alpha Charles Woodhouse as general manager of funds management and former QIC deputy chief executive Brad Holzberger as chief investment officer. In July, the fund said it was also seeking a chief financial officer.
These appointments follow the granting of a Registrable Superannuation Entity licence to the QSuper board of trustees by the Australian Prudential Regulation Authority.
The fund's wholly-owned administration company QSuper Limited was also successful in its application for an Australian Financial Services Licence to provide general financial product advice on superannuation.
The QSuper board of trustees governs QSuper. The fund has 520,000 members and more than $22 billion in funds under management.
