Justin Pascoe was named CIO of the A$37 billion (US$32.4 billion) Victorian Funds Management Corp., Melbourne, effective Sept. 8, according to a news release. Mr. Pascoe is replacing Leo de Bever, who took over as CEO of the C$75 billion (US$71 billion) Alberta Investment Management Corp., Edmonton, earlier this month.
VFMC handles investments for public organizations, including government-owned insurers and pension funds, in the Australian state of Victoria. AIMCo, which was launched Jan. 1, oversees numerous Alberta government funds, including seven public-sector pension plans.
Mr. Pascoe formerly was a managing director in the quantitative investment strategies team at Goldman Sachs Asset Management in Hong Kong. His duties will be assumed by other members of the Asia ex-Japan product management team, said spokeswoman Andrea Raphael.
VFMC CEO Syd Bone could not be reached by press time for comment.