15 January 2020
HESTA appoints Andrew Major Chief Risk and Compliance Officer
HESTA has announced that Andrew Major has been appointed to the newly created role of Chief Risk and Compliance Officer, joining the Fund’s executive team.
Mr Major, a senior leader in the investment team, takes up the role having previously been the General Manager – Unlisted Assets. In this role, he led a team responsible for managing the Fund’s investments in the Infrastructure, Private Equity, Property and other alternative investment strategies, including Impact Investments.
HESTA CEO Debby Blakey said the Fund was fortunate to have such a strong internal candidate to lead the risk and compliance function at the $53 billion industry super fund.
“Andrew is well placed to take on this very important new role at HESTA,” Ms Blakey said.
“Andrew has a deep knowledge of HESTA members, our business and strategy. He brings a unique perspective to his new role, drawing on his extensive investment expertise in unlisted assets and strong legal background, as a practicing solicitor in both private practice and in-house role early in his career.
Ms Blakey said comprehensive and proactive risk management underpinned the Fund’s continued delivery of improved financial outcomes for HESTA members.
“In the wake of the Hayne Royal Commission we have seen how critical a strong culture and trust are for financial institutions,” Ms Blakey said.
“The appointment of Andrew to the executive team recognises the vital importance we place in risk management and compliance with all regulatory requirements, and the need to coordinate these across a diverse range of business activities.”
Mr Major is currently the Chair of the Australian Investment Council – the Australian peak body for private capital - and represents HESTA on several Fund Advisory Boards. He has also recently served as a director of the Climate Bonds Standards Board and as Co-Chair of the UN PRI Infrastructure Advisory Committee.
Mr Major said he was excited to take on this new role where he could utilise his existing extensive skills and experience, evolve and develop further his capability and understanding of the broader superannuation environment, and continue to support HESTA to make a real difference to the financial future of every member.