Ben Samild, head of alternatives with Australia's A$179 billion ($131.7 billion) Future Fund, was named the Melbourne-based sovereign wealth fund's deputy chief investment officer – portfolio strategy.
Mr. Samild's new role starts Aug. 16, filling the vacancy left by Sue Brake with her promotion to chief investment officer last December.
Sam Killmier, the fund's director, dynamic asset allocation, had been overseeing the portfolio strategy role on an interim basis.
As deputy CIO for portfolio strategy, Mr. Samild will "lead work on portfolio construction and dynamic asset allocation, the integration of overall portfolio insights with sector specific opportunities and development of views on emerging markets," according to a news release.
The fund has begun the process of finding a replacement for Mr. Samild's head of alternatives role, which oversees more than A$30 billion in capital allocated to a range of "hedge fund and other skill-based absolute return strategies," the release said.