Luke Galloway was named general manager-strategic tilting for the A$50 billion ($29.9 billion) Melbourne-based super fund HESTA.
The position is new and took effect Monday.
The strategic tilting role at HESTA, which focuses on Australia's health care employees, is part of a restructuring of the super fund's investment leadership team announced in early March, aimed at building internal management capabilities to complement the fund's reliance on external managers.
Sonya Sawtell-Rickson, HESTA's chief investment officer, said Mr. Galloway will be responsible "for managing dynamic asset allocation, rebalancing and overlay processes." Mr. Galloway was an investment adviser at HESTA. That position will not be filled, a spokesman said.
A spokesman for the fund could not immediately provide further details on the scope and scale of HESTA's strategic tilting program.
Mr. Galloway will report to HESTA's head of portfolio design – a new position that has yet to be filled, said a news release.