NZ Super signs up asset allocation chief

Keith Poore will join the NZ$18 billion (US$13.47 billion) New Zealand Superannuation Fund, Auckland, as head of asset allocation.

Sources said Mr. Poore, head of investment strategy at AXA Global Investors, will move to the fund early in January.

A fund spokesman declined to confirm whether Mr. Poore had joined the organization; however, he said any such appointment would not be a direct replacement for Tore Hayward, who left the fund earlier this year.

Mr. Hayward, formerly the fund's general manager-portfolio research, moved to a similar role at the NZ$13 billion Accident Compensation Corporation fund, Wellington. Neil Williams, then head of public markets, filled Mr. Hayward's role in the interim.

Jason Wong, former AMP Capital head of investment strategy, replaced Mr. Poore at AXA Global Investors.

David Chaplin writes for Investment magazine in Sydney.