HESTA announces member for new Investment Committee

HESTA has announced that Melda Donnelly has been appointed as as an independent adviser on the super fund's new investment committee, effective April 2017.

Donnelly is the founder and former chair of the Centre for Investor Education, and was previously CEO of Queensland Investment Corporation (QIC), deputy managing director of ANZ Funds Management, and managing director of ANZ Trustees. She was also the deputy chair of VFMC and an independent director of UniSuper.

She is joined on HESTA's investment committee by fellow independent adviser, Tim Hughes, and inaugural chair and former Future Fund head, Mark Burgess.

HESTA CEO, Debby Blakey, said the establishment of the committee, which followed an announcement in January of a new five year investment strategy for the fund, "is an important step that sets up the $37 billion fund's investment processes and structures to continue to deliver sustainable, ambitious long-term returns for members."

She added: "Mark, Melda and Tim all bring outstanding investment experience and insights that give us further specialist expertise that can supplement the skills and experience we already have at Board level."

Donnelly was formerly a member of HESTA's investment advisory panel.