Australia’s Labor Union Co-operative Retirement Fund (LUCRF) Super has appointed the former CIO of State Super as its own investment chief.
Martin Drew will fill the head of investments position for the A$4.5 billion (US$3.5 billion) industry fund after Roger McIntosh resigned in December—after just one year in the role.
LUCRF Super’s CEO Charlie Donnelly—also new to his role, having succeeded Greg Sword last summer—said he was impressed with Drew’s background and expertise “as an investment decision-maker” and added he would be a good addition to the executive team.
“Continuing to deliver competitive but stable investment returns for our members is a key priority for our fund,” he said.
Drew started his career in investment management more than two decades ago. Prior to joining the asset-owning side, he honed his skills at consultancies Towers Perrin (now Towers Watson) and Mercer.
He then worked at the Superannuation Trust of Australia as an investments manager before moving onto becoming CIO at State Super, a A$40 billion defined benefit scheme for the state of New South Wales.
Most recently, Drew was a consultant for infrastructure and property portfolios at First State Super in Sydney.
LUCRF Super’s new investment chief is a chartered financial analyst and holds an MBA from the University of Melbourne. He also received bachelor degrees in mechanical engineering and theology from the Chisholm Institute of Technology and the Melbourne College of Divinity, respectively.
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