Moloney adds dep CIO to title

AustralianSuper has appointed Damian Moloney as deputy chief investment officer (CIO) as the fund continues its global growth ambitions. In the role he will continue to have responsibility for the fund's international offices plus global responsibility for strategy and oversight for the investment group.

Previously Moloney was head of investments Europe, based in AustralianSuper's London office, where he has been building out of the European and US offices.

"AustralianSuper has generated a lot of interest since becoming the first Australian superannuation fund to open global offices and the fund continues to look for the best talent internationally to join our team investing across some of the world's most important capital markets," Moloney said.

Moloney will report to CIO Mark Delaney who said he will play a pivotal role in developing and implementing the fund's model for investing and operating globally in an integrated and efficient way. This role is becoming increasingly important with around half of AustralianSuper's $300 billion in funds under management already invested outside of Australia and that proportion is only expected to grow.

"We expect the global team to grow from the current 100 staff to around 300 over the next three years, with around 130 in New York and 160 in London and a small team in Beijing," Delaney said.

"With more and more of AustralianSuper's assets managed internally and invested overseas, I am looking forward to working with our team across the globe in this new role to efficiently grow our investment footprint and operations," Moloney said.

Prior to joining AustralianSuper in 2018, Moloney was chief executive officer of Frontier Advisors and before that CEO at IFM Investors.