Cbus Super snares Leigh Gavin

Superannuation industry heavyweight Leigh Gavin has resigned from AustalianSuper to take up a post with Cbus Super to run portfolio strategies.

In this newly created role, Gavin will drive Cbus Super's five-year plan to bring most of its assets in-house.

He will also work closely with global partnerships to search for investment deals for the $85 billion industry fund for building and construction workers.

Although Gavin spent two years at AustralianSuper - where he was most recently head of investment design -  he is best known for being investment chief at LUCRF Super.

He joined LUCRF in mid-2016 from Frontier, where he had been a consultant for over 14 years.

He started his career as an associate with Arthur Anderson.

Cbus chief investment officer Brett Chatfield called the role a "key appointment".

"Leigh is highly regarded across the industry with a proven record of optimising portfolio outcomes," said Chatfield.

"Leigh will also support our broader internalisation programme as well as key strategic portfolio initiatives and business management activities."

Gavin added that he looked forward to joining the Cbus Super team at an exciting time in the execution of its strategy and growth in its internal capability.

Cbus Super said its previous five-year investment strategy - which saw 38 per cent of assets brought in-house - resulted in lower external manager costs, asset class refinements and investment fee savings of $512 million.