(April 8, 2014) — Australia’s Energy Industries Superannuation Scheme (EISS) has appointed a new CIO to manage its AUS$4 billion in retirement assets.
Matthew Olsen has joined the fund just shy of six months after EISS’ former CIO, Mary Jane Fallon, left to take up the same position at NGS Super. Fallon had been CIO for two years before taking up the newly created position at the scheme for non-government schools and other community-focused organisations in November.
Olsen joins EISS from Select Investment Partners, where he had been head of research since joining just over a year earlier. He has a 20-year career in investing and asset management.
His appointment comes as Australia’s superannuation funds have begun building up their in-house teams and professionalising their investment capabilities.
Yesterday, aiCIO reported that Vision Super, a local government superannuation fund, had become the latest to appoint its first CIO. Last year, a report by State Street said the choice for superannuation schemes to decide between keeping external capabilities or bringing the resources in-house was one of the industry’s greatest challenges.
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