Rest appoints interim CIO following restructure

Rest has announced a restructure of its investment operations and the appointment of George Zielinski as interim chief investment officer (CIO) while the search for a permanent CIO is underway.

Zielinski is the CIO of Super Investment Management (SIM), Rest's wholly-owned investment arm, which Zielinski established when he joined Rest in 1997. Under the new structure, SIM will be integrated into Rest's internal investments team.

Rest CEO Vicki Doyle said that the changes will bring the $57 billion industry fund's investment expertise together in a single team to focus on further growth.

She added: "Having a single team also allows the fund to be nimbler in decision making and will further align all our investments functions with the rest of the fund as we continue to deliver superior member and employer experiences."

Normal operations will continue for both teams while the transition to a single team is carried out, Rest said. Simon Esposito will take on the role of head of SIM during the transition.