(April 7, 2014) — Vision Super, an Australian local government superannuation fund, has become the latest scheme to create and appoint a CIO.
Michael Wrysch is to join the fund on June 2, Victoria-based Vision Super has announced.
The fund said Wrysch had been appointed “to extend our investment expertise managing more than Aus$7 billion in retirement savings”. He will be responsible for overseeing the internal investment process, strengthening core internal investment capabilities, and managing the Vision Pooled Superannuation Trust.
Last month, the Aus $7.9 billion Auscoal superannuation fund announced it had appointed David Bell as its first CIO after its board decided to strengthen internal resources.
Wrysch is to leave his role as senior investment consultant at Frontier Advisors, a role he has held for more than 16 years, and join Vision Super with 25 years’ investment experience.
The choice of appointing internal or retaining external staff has been one of the most pressing issues for investors over recent years. Wrysch’s appointment is the latest amongst multi-billion superannuation funds in Australia to appoint internal investment capabilities.
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