Following the restructure of its senior management team last month, the Australian Retirement Trust (ART) has unveiled further changes to its investment team.
The $230 billion super fund would bid farewell to Damian Lillicrap, previously head of strategy for the QSuper portfolios and has promoted Andrew Fisher to head of investment strategy.
It also confirmed it would recruit for the role of head of investment resilience and planning on its leadership team to focus on ongoing resilience testing of its portfolios and capabilities.
Commenting on Lillicrap’s departure, ART’s chief investment officer, Ian Patrick, highlighted Lillicrap had been a founding member of the QSuper investment strategy team and instrumental in its outcomes for over a decade.
“During that time Damian and his team demonstrated courageous innovation by pioneering a risk aware approach within the Australian superannuation context both at portfolio and asset class level,” Patrick said.
“He has built a strong capability around him and has been a committed team member. I want to personally acknowledge his contribution and thank him on behalf of all of us at ART and the members he has served.”
Lillicrap had chosen to pursue opportunities outside ART, the fund said, and his last day would be on Friday (31 March).
Meanwhile, effective from 27 March, Fisher would lead ART’s investment strategy, encompassing both the Super Savings and QSuper portfolios.
He had been with Sunsuper for over a decade, most recently as head of portfolio strategy, before its merger with QSuper in 2022.
The rest of ART’s investment leadership structure would include:
- Charles Woodhouse as deputy chief investment officer
- Herbert Chang as head of capital markets
- Nicole Bradford as head of sustainable investment
- Michael Weaver as head of global real assets
- Elizabeth Kumaru as head of private corporate assets
- Greg Barnes as head of public markets
ART was one of Australia’s largest super funds and comprised over 2.2 million members.