Mammoth NZ Super Fund names Stephen Gilmore CIO

The crown entity responsible for managing New Zealand’s NZ$39 billion (US$26.7 billion) Super Fund has hired Stephen Gilmore as its chief investment officer. Gilmore will take up the new role with the Guardians of New Zealand Superannuation in late February 2019. Gilmore will join from Australia’s sovereign wealth fund (SWF), the Future Fund, where he worked in a variety of senior investment roles between 2009 and 2018. Gilmore was most recently the chief investment strategist at the A$148 billion SWF. “The NZ Super Fund is expected to grow strongly over the next few years and Stephen’s experience at the Future Fund, one of the world’s leading sovereign wealth funds, will be invaluable,” said Matt Whineray, chief executive of the Guardians. Gilmore said he is looking forward to returning to New Zealand after spending a number of years abroad. He will lead a team of 45 investment professionals in his new role. The team headed by Gilmore will be responsible for the “appointment and monitoring of the NZ Super Fund’s external investment managers; New Zealand and international direct investment; responsible investment; and asset allocation, including macroeconomic strategy and the Guardians’ strategic tilting programme,” the fund said in a statement. Gilmore will take over the new role from Mark Fennell, who has been acting chief investment officer since February 2018 in addition to his role as head of portfolio completion. ©2018 funds global asia

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