Cbus has further boosted its in-house investment capacity with the appointment of Michael Swan as senior portfolio manager, fixed interest & cash, within its public markets team from 3 April 2017.
The $36 billion building industry based industry fund said Mr Swan will manage Cbus’ fixed interest and cash investments as well as working with the growing alternative debt sector.
Mr Swan has been working with Brookline Partners, a boutique fixed income asset manager, where he worked from February 2014.
He has over 25 years’ experience in cash and fixed income roles with international and Australian investment managers including Vianova, Perennial and UBS.
Cbus’ executive manager, investment strategy, Kristian Fok, said: “We are delighted to have Michael join us as we build and execute our internal management strategy. Attracting experienced and talented individuals for our internal team puts us in a great position to deliver results for our members over the longer term.”
Mr Swan said, “I’m pleased to be joining a Fund like Cbus that’s committed to securing the best retirement outcomes for its members as they’re growing their internal capability.”
Mr Swan’s appointment is the last of a series of such moves in recent months as the fund builds capacity to handle more of its investment management in-house.