VicSuper Chief Investment Officer to retire

VicSuper has announced that chief investment officer (CIO) Oscar Fabian has decided to retire.

After a career spanning more than 30 years, Fabian announced his intention to retire from full time executive roles, effective 31 August 2016.

In a statement, VicSuper said: "During his six years at VicSuper, Mr Fabian has evolved the investment philosophy and strategy including a major restructure of our investment portfolio into a core and satellite model. He has expanded the team of investment advisers VicSuper engages with which has led to the investment strategy being both innovative and sophisticated."

Michael Dundon, VicSuper's CEO added: "I would like to thank Oscar for all he's achieved at VicSuper over the past six years. He has been instrumental in enhancing the fund's investment model and performance, which is now better placed to deliver consistent, long term returns for our members."

Fabian will be seeking non-executive directorships, as well as spending time farming and looking after his first grandchild who is due shortly.

VicSuper will now commence recruiting for a replacement CIO.