Ian Patrick, chief investment officer of A$80 billion ($62.2 billion) Sunsuper, will retain that role when the superannuation fund merges with QSuper in September to create a A$200 billion industry heavyweight, the two Brisbane-based funds announced.
Charles Woodhouse, currently QSuper's chief investment officer, will become deputy CIO of the merged entity. QSuper has A$120 billion in assets.
No details were made available regarding how Sunsuper's portfolio, with its relatively large lineup of active managers, will be combined with QSuper's portfolio, which has a relatively large internally managed portion of assets.