HESTA has appointed a new General Manager of Risk, as the fund continues its plans to internalise certain asset management functions, including Australian equities investments.
Superannuation fund HESTA has appointed Matt Cameron as General Manager, Investment Risk. Cameron joins the fund from Bank of America Merrill Lynch, where he was a managing director for Global Markets. In this role, he managed risk for prime services, professional trading (market makers, broker-dealers, proprietary traders), futures & options and OTC clearing.
He was also Head of Risk Management at Morgan Stanley in Hong Kong, where he worked for over a decade.
Cameron will join the Risk & Compliance Team and is responsible for oversight of the risk management and governance framework related to the fund’s investment functions.
He will report to Chief Risk & Compliance Officer Andrew Major and will also work closely with the fund’s investments team to align risk management and governance with manager selection, strategic and dynamic asset allocation, investment operations and market risk management and modelling.
“We are really excited to have an experienced risk professional with extensive global expertise join our risk team,” Major said in a media release. “Matt’s experience will really help us sharpen our focus on investment risk, and he will work closely with the investments team to enhance our approach to managing this critical risk area of the business.”
HESTA is currently rolling out a multi-year investment strategy to drive cost efficiencies and will internalise certain asset management functions.
In March, HESTA announced the appointment of Steven Semczyszyn as General Manager, Growth and he will lead the development of an internalised Australian Equities function. Semczyszyn was formerly Chief Investment Officer for boutique equity fund manager JCP Investment Partners, where he was responsible for $11.5 billion in Australian Equities mandates.
Hesta aims to internalise Australian equities by 2021 and to be underway in cash and fixed interest asset classes in 2022.
Cameron will assist the investments teams by providing advice and support to implement appropriate risk management and governance arrangements as part of the internalisation of investment functions.