AustralianSuper Taps NYC Pension Deputy CIO

Eneasz Kądziela joins the superannuation fund as senior portfolio manager

Eneasz Kądziela

AustralianSuper is expanding its U.S. private equity team, announcing the appointment of Eneasz Kądziela Tuesday. 

Kądziela was previously deputy CIO and head of private equity of the New York City Retirement Systems, five pension funds that serve the city’s public employees. The five funds, overseen by the comptroller, manage $288.59 billion, as of the end of May. 

The office of the New York City Comptroller Brad Lander announced the departure of Kądziela from the Bureau of Asset management, the entity which manages the NYCRS’s investments, in June. 

In his new role, Kądziela will be responsible for deepening the superannuation fund’s relationships with existing investment partners while identifying new ones. He will report to Aaron Witte, senior portfolio manager of private equity. 

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“We are excited to welcome Eneasz to our growing New York team as we continue to expand our Private Equity portfolio,” said Terry Charalambous, AustralianSuper’s global head of private equity, in a statement. “Eneasz brings vast knowledge of the U.S. private equity market, and important long-standing relationships with investment professionals at leading platforms. This highly strategic appointment will deepen our network across the North American market, ensuring we continue to have access to the best investment opportunities for members.”

AustralianSuper, which manages $230 billion in assets, invests more than $75 billion in North America. The fund is in the process of growing its staff in New York, with plans to double its U.S. team to 120 by next year to take advantage of new investment opportunities in the U.S., especially in the private markets.

The fund, in October, announced four new senior appointments in its NYC office, and relocatedtwo from Australia, with most of these appointments covering alternative asset classes. 

“I am thrilled to be joining AustralianSuper at such an important time in the Fund’s global growth story,” Kądziela said in a statement. I look forward to working closely with my colleagues to both cultivate and establish new relationships to deliver excellent returns for members.”

Kądziela joined NYCRS in 2015 as a private equity investment officer and was later named head of private equity in 2021, and deputy CIO and head of PE in 2022. He holds a bachelor’s degree in economics from Rutgers University. 

AustralianSuper provides superannuation, or retirement benefits, for 3.56 million members. 

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Huntsman Pension Completes $278 Million Buy-In with M&G

The PRT transaction will cover more than 660 retirees and deferred scheme members.



Chemicals manufacturer Huntsman
announced Wednesday that it had completed a 205-million-pound ($278 million) pension risk transfer with M&G plc, insuring the liabilities for members of its defined benefit plan in the U.K.  

The buy-in, completed in the first quarter of the year, will secure the benefits for more than 660 of the companies’ retirees and deferred pensioners. The liabilities of the plan will be transferred to Prudential Assurance Company Ltd., a subsidiary of M&G offering life and pension insurance solutions.  

M&G, the trustee for the transaction, was advised by WTW as risk transfer adviser. Squire Patton Boggs and Eversheds Sutherland served as legal advisers. Mercer was the investment consultant for the transaction.  

“[This transaction] sees the Prudential Assurance Company take on the future pension obligations of over 660 retirees and deferred pensioners of the Huntsman Pension Scheme giving them peace of mind that their pensions are in the hands of a 177-year-old institution who has been looking after pensioners and savers for generations,” said Kerrigan Procter, managing director of corporate risk solutions at M&G, in a statement.  

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As corporate pension funds have seen their funding surpluses continue to increase, plan sponsors are increasingly looking to de-risk their portfolios and offload their liabilities to insurers. This has driven an increase in activity in the pension risk transfer market. 

The U.K. PRT market saw approximately 50 billion pounds of transaction volume in 2024, according to a June life insurance market outlook from AM Best. The firm expects another 50 billion pounds in transaction volume this year.  

According to Mbwl International, the U.K. saw more than 45 billion pounds in PRT volume across 294 transactions in 2024, a sharp increase from just over 10 billion pounds across more than 75 transactions.  

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Broad PRT Market Growth Continued in 2024 

Clarks Footwear, Pension Insurance Corp. Complete $677M Annuity Buy-In 

Wates Group Pension to Transfer 1,500 Members to UK ‘Superfund’ 

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