ASSET OWNERS

Australia’s HESTA superannuation fund taps QIC executive as next CIO

Sonya Sawtell-Rickson was named chief investment officer at HESTA, the A$37 billion ($27.7 billion) superannuation fund for Australia's health and community services sector, effective July 24.

Ms. Sawtell-Rickson will replace Robert Fowler, who will take on a new role at the fund of executive-investment execution, overseeing investment operations, investment monitoring and performance as well as ESG-related activities, according to a spokesman for the fund.

Ms. Sawtell-Rickson will join HESTA from Queensland Investment Corp., where she served as an investment director, focused on the Brisbane-based manager's global multiasset strategies.

A spokeswoman for QIC said Jim Christensen, managing director of QIC's multiasset business, will take on the bulk of Ms. Sawtell-Rickson's responsibilities.