Andrew Fisher was appointed head of investment strategy for Australian Retirement Trust's Super Savings and QSuper options as Damian Lillicrap stepped down, according to a statement on Thursday.
The A$240 billion ($158 billion) Brisbane-based superannuation fund also added a head of investment resilience and planning role that will be advertised internally and externally next week, it said.
Mr. Fisher's new role was made effective on Monday, and Mr. Lillicrap's last day was Friday. Their positions differ in that Mr. Lillicrap oversaw QSuper's portfolios, while Mr. Fisher covers both the Super Savings and QSuper options.
Australian Retirement Trust is the product of a merger between QSuper and SunSuper, which was completed last year. Mr. Fisher was the head of portfolio strategy for SunSuper, and Mr. Lillicrap was head of investment strategy at QSuper.
Mr. Lillicrap, a founding member of the QSuper investment strategy team, chose to pursue opportunities outside of ART, the statement said.
The rest of the investment leadership team comprises Charles Woodhouse, deputy chief investment officer; Herbert Chang, head of capital markets; Nicole Bradford, head of sustainable investment; Michael Weaver, head of global real assets; Elizabeth Kumaru, head of private corporate assets; and Greg Barnes, head of public markets.
"Damian and his team have demonstrated courageous innovation by pioneering a risk aware approach within the Australian superannuation context both at portfolio and asset class level," CIO Ian Patrick said in the statement.
"He has built a strong capability around him and has been a committed team member. I want to personally acknowledge his contribution and thank him on behalf of all of us at ART and the members he has served," he said.
