Aware Super elevates senior investment exec as it prepares for growth

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Aware Super has appointed a new deputy chief investment officer, Damien Webb, amid a reshuffle of management and executive positions.

Mr Webb, who joined Aware Super in 2014 as its Head of Income and Real Assets, has spent the past seven years heading up its investment strategy in infrastructure, property, credit income, and agriculture.

According to Aware Super CIO Damian Graham, to whom Mr Webb will be reporting, Aware Super’s investment pool has doubled since 2016, and the new deputy CIO takes up the position as the company prepares to invest more than $250 billion over the next few years.

“To prepare for this growth, we have reviewed our investment strategy and are putting plans in place now to ensure we can successfully deploy our members savings at this scale.

“This means we need to continue to innovate our approach and consider not just today’s investments but long-term trends and opportunities.

“Over the next five years we expect to double the size of our investment team and continue to build out our internal capability as well as consider new off-shore expansion,” he said.

Along with Mr Webb’s appointment as Deputy CIO, James Osborn has been promoted to the new role of Deputy Chief Financial Officer; Caroline Saunders has been appointed Head of Investment Governance and Communications; and the group is recruiting a new Head of Direct Asset Oversight and Enhancement and a Sector Head of Internal Equities.

Aware Super is an investor in two Australian village operators: Oak Tree Group and Lendlease.