AustralianSuper promotes Pascoe

AustralianSuper has promoted Justin Pascoe as its new head of equities.

Pascoe joined the industry fund more than two years ago and has for the last year been deputy head of equities. He previously spent several years as the chief investment officer with VFMC.

"AustralianSuper is a rapidly growing and a top-performing fund and I am really looking forward to leading the Equities team," said Pascoe. The fund's equities portfolio is expected to exceed $200 billion in the next three years.

"We have a fantastic internal team of investment professionals together with some outstanding external partners," said Pascoe. "With a mandate to expand globally, it is an exciting time to be leading the team."