Australia’s Christian Super has hired Mark Rider from Australia and New Zealand Banking Group to replace the fund’s longtime chief investment officer.
Rider, who previously spent seven years at ANZ Wealth and Private Banking, will succeed Tim Macready, according to a statement from Christian Super Monday. Macready, the fund’s CIO since 2005, will transition into a full-time role at Brightlight Group.
Christian Super, which manages AUD$1.6 billion (about $1.1 billion) in assets, invests based on its religious beliefs. According to its website, this means that the fund avoids companies that profit from gambling, abortion pills and contraceptives, stem cell research, and tobacco manufacturers. It also limits the amount it invests in companies that produce and distribute alcohol and cannabis.
“Mark is a highly qualified and experienced investment leader, and his appointment will underpin Christian Super’s strong continued focus on maximizing outcomes for our members and ensuring their money is invested in line with their values and beliefs,” Christian Super’s chief executive officer Ross Piper said in the statement.
Rider’s roles at ANZ included CIO and head of investment strategy, according to the statement. Before that, he spent 16 years at UBS Group, working as Australian chief economist, institutional account manager, equity strategist, and head of investment strategy. He started his career at the Reserve Bank of Australia.
Macready’s LinkedIn profile shows he has been CIO at Brightlight since 2016. Brightlight, which was formed by Christian Super employees, is an Australian investment firm focused on the United Nations’ sustainable development goals, according to its website.
Macready also chairs the UN PRI environment and social themed investments working group, the website shows.