Rest, one of the largest superannuation funds in Australia with A$86 billion in assets under management ($58.87 billion), has promoted two of its senior investment leaders to serve as co-chief investment officers.
Simon Esposito, the fund’s head of private markets and deputy CIO, and Kiran Singh, its head of listed assets, will share the role on an interim basis, in addition to their existing duties. Their appointments will commence after CIO Andrew Lill departs next month.
Vicki Doyle, CEO of Rest—Retail Employees Superannuation Trust—said the high caliber of the interim appointees was a testament to the strength of the leadership and expertise within the fund’s investment team. A comprehensive search process to appoint a permanent CIO is underway, according to the fund.
Doyle said Esposito and Singh are highly skilled investment professionals and leaders with the experience to carry on the strong foundations Lill established.
“As well as their deep knowledge of investing across private and public markets, Simon and Kiran both have an in-depth understanding of Rest’s whole-of-fund investment approach and our member-centric investment portfolios,” she said in a statement.
Esposito joined Rest in 2014 and has served in a variety of roles, though his primary focus has been direct investments across unlisted property, infrastructure, agriculture and private equity assets. Esposito has also been a senior member of Rest’s wholly owned investment management company, the Super Investment Management team, which was integrated into Rest’s investment team in 2020.
Meanwhile, Singh joined Rest in 2021 with responsibility for its listed equities, fixed-income and credit asset classes, encompassing both internally and externally managed strategies. He has also overseen the establishment of the fund’s first internal global equities function.
This article first appeared in our sister publication, Financial Standard, which, like CIO, is owned by ISS STOXX.
Tags: Andrew Lill, Kiran Singh, Rest Super, Retail Employees Superannuation Trust, Simon Esposito, Vicki Doyle
