One of the largest superannuation funds in Australia, QSuper, is on the hunt for a new chief investment officer after its current CIO has announced plans to retire in 2019.
Brad Holzberger, who has worked at QSuper as its CIO since 2009, will leave the fund at the end of September 2019, according to an announcement from the fund on Thursday. The pension fund has started searching for a new CIO, although it has not yet released details about compensation or expectations for the role, according to the announcement.
In his role at the pension fund, Holzberger oversees more than $80 billion in assets under management for the fund’s 570,000 members, the announcement said.
“One of Brad’s greatest strengths is his ability to lead the development and implementation of a global investment strategy while ensuring that the people we are investing for are the heart of that strategy,” said QSuper chief executive officer Michael Pennisi in the announcement.
Prior to joining QSuper, Holzberger worked as a senior investment executive at the Queensland Investment Corporation and worked at an asset consulting firm prior to that role, according to QSuper’s website. He began his career in finance after working as an Army officer, the website shows.
“His focus, and the focus of the investment team he has built, does not waiver from the hardworking Australians who trust us with their retirement savings,” Pennisi said in the announcement.
[II Deep Dive: The Barriers Pensions Face in Long-Term Investing]
Holzberger was also the director of the Association of Superannuation Funds Australia from 2011 to 2017, the announcement said. He chaired the association’s economics and investment policy council, and in 2017 he became one of 30 Australians to hold a life membership to the association for “outstanding contribution to the Australian superannuation industry,” according to QSuper’s announcement.
“I am satisfied because our work over that time has challenged and improved investment thinking and practice,” Holzberger said in the statement. “Still, much remains to be done to continuously improve and adapt to changes in investment markets around the world, which always offer new opportunities and threats. My contribution will come to an end next year, but I know QSuper will continue to improve and evolve."