media release


14 April 2020


HESTA appoints General Manager – Strategic Tilting as part of new-look investment team


HESTA today announced Luke Galloway as the Fund’s General Manager – Strategic Tilting.


Chief Investment Officer (CIO) Sonya Sawtell-Rickson said the appointment continued the implementation of a new investment team structure announced in March.


“I’m thrilled to welcome Luke permanently to the team as part of our push to build out our internal investment capability and deepen relationships with key partners that will help us continue to deliver strong, long-term returns for our members,” Ms Sawtell-Rickson said.


“Since joining us Luke has demonstrated his extensive experience and skills in supporting the team with derivative trading and dynamic asset allocation decisions through a period of significant market volatility.”


Ms Sawtell-Rickson said Mr Galloway will report to the Head of Portfolio Design, for which HESTA is still recruiting, and will be responsible for managing dynamic asset allocation, rebalancing and overlay processes.


“Luke will work closely with our trading partners and our Investment Execution team to manage and minimise execution risks, while ensuring portfolios are responsive to market conditions and opportunities,” Ms Sawtell-Rickson said.


Mr Galloway joined HESTA in November 2019 as an investment advisor before being promoted to the General Manager role. He has more than 16 years’ experience working across macro and investment research, portfolio and exposure management, and investment internalisation.


Previously he was Deutsche Bank’s Director, Multi-Asset Solutions where he led the build-out of a custom, cross-asset alternative risk premia portfolio. Prior to that, he worked at Victorian Funds Management Corporation where he led the internalisation of various portfolios, including dynamic asset allocation, macro rates and foreign exchange.


"I have thoroughly enjoyed my time in HESTA’s investment team and I’m excited to step into this new role to support the Fund to deliver strong investment performance for our members,” Mr Galloway said.


“It’s exciting to join the fund at this early stage of its program to build out internal capability and embed a total portfolio approach that focuses on strong collaboration across various teams.”


Mr Galloway commenced today in his new role.




Media contact:

Sam Riley

Media Relations Manager

(03) 8660 1684


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