The new position will oversee the tax function within the investments team, Cbus said, and will be responsible for optimising member tax outcomes by structuring the portfolio appropriately.
Mr Loo has previously worked at EY, the Australian Taxation Office and Deloitte, and brings “significant experience” in advising super funds and fund managers on both Australian and international transactions, Cbus said.
“Daryn’s knowledge across a wide range of tax issues will make him a valuable addition to our growing internal team,” said Cbus executive manager of investment management Trish Donohue.
“His experience in investment tax due diligence and advice on tax structures will assist us with future investment decisions.”
Mr Loo, who is based in the fund’s Melbourne office reporting directly to Ms Donohue, said he was excited to take on the new role.
“It’s an interesting time to transition to a dynamic organisation such as Cbus. I’m looking forward to working with Cbus as they roll out their future investment strategy,” he said.
