First State Super CIO to step down

First State Super has announced that Richard Brandweiner will step down as chief investment officer (CIO), after four years in the role, to become a partner and member of the leadership team of global impact investment firm, LeapFrog Investments.

Commenting on Brandweiner's decision, First State Super chair Neil Cochrane said: "Richard has an enduring commitment to impact investing and the benefits that this can have on our communities and the people within them. He has brought this focus to First State Super and our role as custodian of our members' money and this legacy will continue with our fund through our long-term investment strategy. For Richard, this unique opportunity [to join LeapFrog Investments] aligns with his personal mission to make a difference through investing."

Damian Graham, who has led the investment team at StatePlus, a wholly-owned investment of First State Super, since 2012, will be appointed as First State Super's acting CIO on 22 August 2016.

Brandweiner will continue with the fund as an executive investment consultant until December 2016 to ensure an effective transition. He will commence in his new role with LeapFrog Investments in January 2017.