Mark Ferguson will join Cbus, the A$63 billion ($47.8 billion) super fund focused on Australia's construction sector, as head of total portfolio management.
The new role at the Melbourne-based fund is another big step in building up Cbus's internal investment capabilities, Kristian Fok, the fund's chief investment officer, said in a news release.
Effective this week, Mr. Ferguson will oversee the fund's teams with responsibility for asset allocation, quantitative solutions as well as capital markets and portfolio execution.
Mr. Fok noted that Mr. Ferguson's experience in "currency, asset allocation process design, risk management and overlay management" as well as investment strategy, superannuation and regulation will bolster Cbus's in-house expertise.
Mr. Ferguson was head of investment risk at the Australian Prudential Regulation Authority.
An APRA spokesman confirmed Mr. Ferguson's departure but declined to say whether his role at the superannuation regulator has been filled.