Cbus Super appoints new COO
Cbus Super, the Industry Super Fund for the Construction, Building and Allied Industries has appointed Joe Youssef to the newly created role of chief operating officer (COO), investments.
The new role of COO, investments, was established following a restructure of the investments team after the departure of Trish Donohue.
The new role within Cbus and its investment team would have an accountability for back and middle office and investment support teams including operations, analytics, risk, legal and governance and tax.
Cbus’ chief investment officer, Kristian Fok has said that the fund aimed to ensure the right structure was in place to support the new investment model.
“A significant focus of our new investment model is the internalisation of a number of direct investment strategies and driving down investment costs to maximise the retirement outcomes of our 750,00 members,” he said.
“Cbus has experienced significant growth over the last few years with the fund expecting to grow to more than $60 billion in the next five years, having the right team in place is essential.
“Joe has been an integral member of our investments team for more than four years and will play a key role in steering the fund for continued success in the years to come.”
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