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Industry fund builds investment team

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By Alice Uribe
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3 minute read

Industry fund PASL has created a new investment analyst position as part of a wider investment strategy overhaul.

As part of an investment strategy overhaul, industry super fund Professional Associations Superannuation Limited (PASL) has appointed Paul Griffiths to the newly created role of investment analyst.

Griffiths will support PASL investment manager Paul Kessell in the management of the PASL Group's investment activities. His primary responsibilities will include research and analysis of PASL's investment managers.

"The appointment highlights the fund's commitment to its investment strategy as a key driver in creating the ideal platform to continue to grow and deliver reliable super solutions to its members and employers," Kessell said.

Prior to his appointment Griffiths was a performance and pricing analyst at AustralianSuper. He has also worked with Goldman Sachs JBWere and ABN AMRO Asset Management.

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The appointment comes as PASL prepares to overhaul their entire investment strategy.

"The strategy is being finalised and we will launch it in about three weeks. We're relaunching with a new set of investment options and new set of investment managers," Kessell said.

Last year PASL appointed Watson Wyatt as its asset consultant, replacing JANA Investment Advisers and van Eyk. The fund also hired global custodian JP Morgan, which replaced National Custodian Services.

PASL was established in 1992 and now manages $1.2 billion of assets on behalf of 400,000 members.