State investment firm New South Wales Treasury Corp. created four new and expanded senior roles in a restructuring of the organization’s investment management team, the firm said in a statement on May 23.
"A small number of positions" will be affected as a result of the restructuring, the statement said. Tanya Branwhite, head of portfolio construction, and Adrian Trollor, head of portfolio delivery, will leave the organization.
A spokesperson did not provide further details. TCorp manages A$113.1 billion ($75.7 billion) in assets. TCorp is the central financing authority for New South Wales' public sector.
Branwhite has been with the firm for five years and previously held senior roles at Future Fund, Melbourne, Macquarie Group and Credit Suisse.
Trollor has also been with the firm for five years and was previously head of portfolio construction and sustainability at BT Investment Solutions.
Of the four newly created and expanded roles, three have been filled by existing staff. Ali Parker will become head of investment research and strategy, after three years in her role as head of investment advisory.
James Murray will have an expanded role as head of listed and unlisted asset management, from his current position as head of real assets and private markets.
Simon Murphy will also have his role expanded to head of treasury and exposure management from his current position as head of cash and fixed income.
A newly created head of client advice and portfolios position is still vacant and a search is underway, the statement said.
The new roles are effective July 5 and will report to Chief Investment Officer Stewart Brentnall.
Alexis Cheang will remain in her role as head of investment stewardship.
Brentnall said in the statement that the new structure will support TCorp’s new funds management strategy announced by the NSW Government on Sept. 8. The changes consolidate six separate government funds into a more cost-effective structure.
