State Super names new CIO

State Super has announced the appointment of Gary Gabriel as the $42 billion fund's new chief investment officer, effective 4 February 2019.

Gabriel, who has over 20 years' experience in institutional investment roles, previously spent three years as general manager, portfolio strategy and risk at HESTA. Prior to that, he was managing director of Wilshire Associates for over four years, and head of private markets for the Future Fund for almost four years.

Commenting on his appointment, State Super chief executive, John Livanas, said: "We are delighted that we have been able to attract a chief investment officer of Gary's calibre and experience. His knowledge and experience in how investment markets function will be of significant benefit to State Super."

He added: "I am also confident that Gary will integrate well in our culture, ensuring State Super continues to lead in investments and services to members."

Gabriel replaces Richard Hedley, who joined the fund as head of unlisted assets & alternatives in August 2015 before being appointed CIO in October 2016. Hedley departed in December 2018.