Danielle Press was named CEO of the A$4.3 billion (US$3.9 billion) Equipsuper, Melbourne, effective May 1.
She succeeds Robin Burns, who left to become managing director of financial services company Equity Trustees.
Andrew Fairley, chair of Equipsuper, in a statement from the fund, cited Ms. Press' experience in portfolio management, product development, client management, economic analysis and investment banking.
Ms. Press was deputy head of Australia and head of risk at UBS GAM. Paul Bolinowsky, the Australian head of UBS GAM, said he will review the firm's structure before deciding on a replacement.
Simon Mumme is a reporter with InvestmentInvestment magazine in Sydney.