Financial services company IOOF has snared another member of Telstra Super's investment team, appointing Dan Farmer as its Australian equities portfolio manager.
An IOOF spokesperson has confirmed that Farmer will work out of the Melbourne office and will take up the role in mid-January.
Farmer was previously head of domestic equities at Telstra Super, Australia's largest corporate superannuation fund which has more than $10 billion in funds under management.
Telstra Super chief executive Martin Crowe could not be reached for comment.
This appointment follows the abrupt departure of former Telstra Super chief investment officer (CIO) Steve Merlicek, who resigned in September 2009 to take up the position of CIO at IOOF.
Farmer will report to Merlicek.
The IOOF spokesperson said there were no other additions to the IOOF investment team at this time.
In December 2009, Telstra Super appointed former Queensland Investment Corporation active management managing director Jim Christensen as Farmer's replacement.
As at 30 September 2009 IOOF had more than $102 billion in funds under management.
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