HESTA
HESTA today announced Michael Sommers has been appointed as the new General Manager Portfolio Construction & Risk, joining the Fund’s redefined investment leadership structure.
Chief Investment Officer (CIO) Sonya Sawtell-Rickson said the appointment will enhance the delivery of the $56-billion Fund’s investment strategy to keep delivering strong, long-term returns.
“Strengthening our portfolio construction and risk management is key to our overall investment strategy that aims to continue delivering competitive, long-term investment performance for our 870,000-plus members,” Ms Sawtell-Rickson said.
“With over 20 years’ experience in financial services, Michael has a proven track record in portfolio construction, derivative and alternatives strategies and risk management that will complement the skills and capabilities of our existing Investment team talent. I’m thrilled to welcome him to the team.”