Justin Arter will join A$54 billion ($38.4 billion) Cbus Super, Melbourne, in late August as CEO.
Mr. Arter is replacing David Atkin, who will remain at the superannuation fund to ensure a smooth transition, a Cbus spokesman said. Further details on Mr. Atkin's plans were not available. Mr. Atkin could not immediately be reached for comment.
Cbus oversees the retirement assets of roughly 760,000 participants, working predominantly for Australia's construction and building trades.
Mr. Arter was an independent consultant to Australia and New Zealand Banking Group, working on "its efforts with industry superannuation funds," according to a Cbus news release.
An ANZ spokesman could not immediately be reached for comment.
Prior to ANZ, Mr. Arter worked at BlackRock from 2012 to 2018, first as head of the firm's Australian business and more recently as its head of institutional client business for the U.K., Middle East and Africa.