NZ Super Picks Internal Candidates as New Co-CIOs – Chief Investment Officer
The Guardians of New Zealand Superannuation, the entity which manages the NZ$80.1 billion ($48.49 billion) New Zealand sovereign wealth fund, announced Tuesday the promotions of Brad Dunstan and Will Goodwin to co-CIO, effective December 2.
The duo succeeds Stephen Gilmore, who left the fund in June to take on the role of CIO at the California Public Employees’ Retirement System. Alex Bacchus, previously head of strategic tilting, will remain acting CIO until the appointments of Dunstan and Goodwin are effective.
Dunstan joined the fund in 2013 as head of portfolio completion and is currently the funds acting general manager of portfolio completion. Goodwin is currently head of direct investments and was previously head of the fund’s New Zealand direct investments.
“Taking into account the projected future growth of the Fund and the increasingly complex and challenging investment environment in which we are operating, it makes sense to combine the functions of the CIO and the GM Portfolio Completion and create a co-CIO model,” said Jo Townsend, NZ Super’s CEO, in a statement.
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Dunstan earned a bachelor of commerce degree in management, accounting and finance from the University of Canterbury in Christchurch, New Zealand, and was previously co-head of European equity derivates at Collins Stewart.
Goodwin earned a bachelor of computer applications degree and a master of applied finance degree from Victoria University of Wellington, New Zealand. Goodwin is chair of the Institute of Finance Professionals New Zealand Inc. and was chairman and director of Kiwi Group Holdings.
The New Zealand Superannuation Fund is the entity which manages the superannuation of New Zealand; all the country’s citizens are eligible for income from the NZ Super upon retirement.
Related Stories:
NZ Super Fund Posts 15% Return for Fiscal 2024, Just Shy of Benchmark
NZ Super Begins Hiring Process for Next CIO
Alex Bacchus Appointed Acting CIO of NZ Super
Tags: Brad Dunstan, Guardians of New Zealand Superannuation, Jo Townsend, New Zealand Superannuation Fund, NZ Super, Will Goodwin
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