Telstra Super’s new chief investment officer, Graeme Miller, sees internalisation and pension products as great opportunities for further strategic development at the $17 billion super fund.
Miller said the fund had a reputation for excellence and innovation, and as such it was no surprise they had delivered consistently superior returns for their members over many years.
“I have always respected and admired the team at Telstra Super, and it will be a real privilege to be a part of that team and to build on this success. Areas like the internalisation of asset management and the development of new pension solutions provide a number of great opportunities for further strategic development,” Miller said.
Telstra Super’s chief executive officer, Chris Davies, said that after an extensive search process he was delighted to have attracted a prominent investment specialist of such calibre.
“Graeme Miller is an ideal candidate to maintain our impressive track record, in accordance with our investment philosophy” Davies said.
“Miller’s depth of knowledge across multiple asset classes and exceptional strategic capability will reinforce our existing high-performing team and is central to our success and the success of our members. We could not be more excited with this appointment.”
Miller has resigned his positioned as director of investment services for Australia at Willis Towers Watson, and will leave the firm in May.
Miller led Willis Towers Watson’s Australian investment team from 2007 and oversaw its growth to become one of Australia’s largest institutional investment consulting teams.
Andrew Boal, managing director at Willis Towers Watson, said: “It has been a great pleasure to work with Graeme over the past 16 years. While we will obviously miss Graeme, he leaves behind an incredibly strong team and his move is testament to the high quality of our people.
“Our investment team, both in Australia and globally, is exceptionally well resourced. With more than 800 investment professionals globally and funds under advice of more than $2 trillion, the depth and strength of the team uniquely positions us to continue to help our clients excel.”
The process to appoint a replacement for Miller has commenced. Boal commented they would consider not only the firm’s pool of internal leaders, but also external candidates.
As an interim measure, the team will be led by Martin Goss, head of Willis Towers Watson’s Australian client consulting team and chair of its Australian investment committee.
“Martin will work closely with Graeme and senior colleagues in Australia and globally to ensure a smooth transition for our clients and our people,” Boal said.