AustralianSuper has appointed Mark Hargraves as Head of International and Private Equity.
Hargraves from AXA Investment Management (AXA IM), where in his last role he was Head of AXA IM Equity and was responsible for $110 billion of assets, leading a team of around 60 fund managers.
Hargraves will be responsible for building an internal international and private equity capability.
He will be based in AustralianSuper’s London office, where he will be part of the leadership team.
AustralianSuper expects to grow to round $700 billion in funds under management by 2030 and will deploy almost 70 per cent of its growing inflows into global markets.
The global equities portfolio is expected to grow from $69 billion today to around $255 billion, while the private equity portfolio is expected to grow from $14 billion today to around $55 Billion, the fund said.
“Mark’s appointment is an important leadership role within the fund, bringing together the management, research and strategy for international equities and private equity investments,” Mark Delaney, Chief Investment Officer of AustralianSuper, said.
“His investment experience within complex multi-market organisational structures will be invaluable as we build our own capabilities alongside outside investment mandates,” he said.
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