Cbus creates new portfolio design role

A new role has been created in Cbus' portfolio design team as the investment sector becomes increasingly complex and quantitatively driven.

Ciaran McBride has been appointed head of investment options management.

Previously, he was head of investment analytics covering investment risk, performance, and data. 

Consequently, he has a deep knowledge of the $68 billion fund's unit pricing structure.

McBride will be responsible for ensuring that all investment options are consistent with the super fund's investment strategy and that the performance of the investment options reflects the targets of these strategies.

He will report to Mark Ferguson, head of total portfolio management.

"The role will support the internalisation of the option rebalancing process which until last December was conducted by the custodian JPMorgan," said a Cbus spokesperson. 

"This will increase the flexibility and control of decisions on rebalancing and cash flow allocation".

McBride joined the industry fund for construction and building workers nine years ago from the prudential regulator where he was manager of specialised institutions.

Before that, he spent three years as an investment analyst at Mercer and four years as a retirement benefits specialist at Towers Watson.