Troy Rieck will become A$13 billion ($8.8 billion) LGIAsuper's next chief investment officer, effective Sept. 23, a spokeswoman for the Brisbane-based superannuation fund confirmed Friday.
LGIAsuper's current CIO, David Todd, will retire after staying on through the end of 2019 to ensure a smooth transition, the spokeswoman said.
Mr. Rieck will come to LGIAsuper from his current role as CIO of A$15 billion, Melbourne-based Equip Super.
A spokesman for Equip Super noted that Mr. Rieck has been commuting from Brisbane to Melbourne, and is taking the opportunity to work in his hometown. He said Mr. Rieck's official departure date is still being discussed.
With Equip Super in advanced discussions with fellow-Melbourne fund Catholic Super on combining investment and back-office operations while maintaining separate brands, the spokesman said Equip Super "will spend some time" considering how to fill Mr. Rieck's role.
