Damian Moloney was named deputy chief investment officer of the A$300 billion ($200.3 billion) AustralianSuper, Melbourne, the firm said in a statement on Wednesday.
Mr. Moloney has been with the superannuation plan for five years and has been responsible for growing its European and U.S. offices. He will take up his new posting on July 1.
As deputy CIO, he will continue to lead the fund's international offices and have oversight on the firm's global strategy and the investment team, the statement said.
The appointment is part of AustralianSuper's ambition to grow the size of its assets to A$500 billion over the next five years, the statement wrote.
It also plans to have 75% of its assets managed internally within the decade and grow its global team in London, New York and Beijing to 300 employees from 100 within the next three years.
The London office currently has more than 70 employees, a spokesman said. That number is expected to grow to 160 within the next three years.
Currently, AustralianSuper has around A$150 billion invested outside Australia, of which A$85 billion is allocated to the U.S., and around A$40 billion in the U.K. and Europe.
"We have already made great progress in building our investment platform and now is an opportune time to improve global coordination," Mr. Moloney said in the statement.
"AustralianSuper has generated a lot of interest since becoming the first Australian superannuation fund to open global offices and the fund continues to look for the best talent internationally to join our team investing across some of the world's most important capital markets," he said.
