Cbus names new CIO as Chatfield announces departure

InvestorDaily

Cbus’ recently appointed deputy chief investment officer (CIO), Leigh Gavin, has been promoted to lead the fund’s investment team, with current CIO Brett Chatfield announcing his departure from Cbus. Gavin’s appointment to deputy CIO was only announced in February, having first joined Cbus in 2023 as head of portfolio strategies. Cbus confirmed in a statement on Monday that Chatfield, after completing the leadership transition, will be moving to a similar role at a large private family office.

Chatfield has been with the $100 billion fund since 2013, later being promoted to acting CIO in March 2023 and then as the fund’s permanent replacement in June that same year. Announcing the leadership transition on Wednesday, Cbus said the appointment comes as it aims to grow from $100 billion to $150 billion in size by the end of the decade. According to chief executive Kristian Fok, this goal will be pursued next to its ambitious target of directly managing half of members’ assets through the in-house investment team.

The rest of this article can be found at investordaily.com.au.