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The NZ Superannuation Fund (NZS) has confirmed chief funding officer, Stephen Gilmore, has resigned after profitable the identical place at one of many world’s largest pension funds.
Gilmore will go away the $70 billion plus NZS to imagine the CIO gig on the nearly US$500 billion Californian authorities worker pension fund, CalPERs in June.
His departure was reported in US specialist publication, Pensions and Investments, this morning.
The transfer comes as NZS readies for incoming chief, Jo Townsend, who was named as everlasting substitute for Matt Whineray final week.
Gilmore, former chief funding strategist for the Australian Future Fund, took over from Whineray as NZS CIO in 2019 and was reportedly a candidate for the highest job that was in the end awarded to Townsend.
In a press release, performing NZS chief, Paula Steed, mentioned: “Stephen has made a big contribution to the sophistication of the NZ Tremendous Fund since he joined us in early 2019, a interval throughout which the Fund has grown by greater than $30 billion, practically doubling in dimension. He has championed the function of latest know-how in enabling higher funding decision-making, introduced progressive and disciplined considering to our funding processes and, as Chair of our accountable funding technique refresh, has been key to our shift in direction of a sustainable funding method.”
CalPERS CIO, Nicole Musicco, give up final September after simply two years within the function along with her deputy, Dan Bienvenue, assuming the duties within the interim.
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