AustralianSuper expands International Equities team with senior investment management appointments

28 November 2024

AustralianSuper, Australia’s largest superannuation fund, today announced a significant expansion of its International Equities team with three senior investment management appointments based in the Fund’s London office.

The appointments mark a significant milestone in AustralianSuper’s international expansion, adding best-in-class investment capability and active management expertise to further internalise the management of International Equities, the Fund’s single largest asset class allocation, and help deliver sustainable long-term performance for members.

Over half of AustralianSuper’s $342 billion in total members’ assets are currently invested in Equities, with one third of total members’ assets ($110 billion) allocated to International Equities (i.e. non-Australian equities).

Approximately 30% of the International Equities portfolio is currently internally managed, however, AustralianSuper intends to increase this to a significant majority by 2030, aiming to create greater cost efficiency at scale and generate stronger returns to the benefit of members. The Fund’s internal investment teams take a ‘one portfolio’ approach to leverage insights and optimise returns via deep fundamental and quantitative research and security selection.

‘These high calibre appointments are a springboard to further growing our global equities platform, as we continue to expand our overall international investment capability,’ said AustralianSuper Head of International Equities, Mark Hargraves.

‘As the Fund’s single largest asset class allocation, International Equities is integral to providing members with exposure to public markets globally. We believe this enhanced in-house capability and commitment to active management will reduce costs and help generate sustainable long-term performance for 3.4 million members.’

AustralianSuper is currently the 16th largest pension fund in the world by total assets and the fastest growing among the top 20. AustralianSuper expects to deploy almost 70% of new inflows into global markets. By 2030, the Fund expects 70% of all member assets to be internally managed by its investments team.

Team Background

Steve Kelly – Co-Head of High Growth Global Equities, joins AustralianSuper from AXA Investment Managers following a 27-year career at the firm where he specialised in US equities, working as a Fund Manager on the firm’s American Growth and US Responsible Growth funds. Steve will lead AustralianSuper’s High Growth Global Equities Strategy alongside Anu Narula.

Anu Narula – Co-Head of High Growth Global Equities, joins AustralianSuper from Mirabaud Asset Management where he spent more than a decade, becoming Head of Equities in 2020 and a Partner in 2022. He managed the firm’s Sustainable Global funds. Prior to Mirabaud, Anu managed global funds at AXA Investment Managers and Cadwyn Capital, having started his career at Aviva Investors. Anu will lead AustralianSuper’s High Growth Global Equities Strategy alongside Steve Kelly.

Colin Moar – Senior Portfolio Manager, Technology Equities, has joined AustralianSuper from Barings where he was a Director and Investment Manager in the Technology Sector team. He has over 25 years’ investing experience on Global Equities and Technology funds, having previously worked at Polar Capital Partners, RWC Partners, HSBC Asset Management and Aviva Investors. Colin will manage a technologyorientated portfolio of global equities.

For media enquiries, please contact

Sam Prenesti
M: +61 432 796 888
E: sprenesti@australiansuper.com