State Super promotes CIO

State Super has promoted Charles Wu as its new chief investment officer.

Wu first joined State Super in 2015 as head of asset allocation and risk and was named deputy chief investment officer in early 2019. "During his time with State Super, Charles has made a significant contribution to our investment performance in an extremely challenging environment, resulting in State Super's growth and balanced funds consistently being in the top quartile on a risk-adjusted basis," said State Super CEO John Livanas.

"Charles' approach to risk management has allowed State Super to successfully navigate the impact of the COVID-19 pandemic on capital markets. With Gary Gabriel's departure, Charles is now ready to step up to the ultimate investment leadership role as CIO."

Before joining State Super, Wu held investment analyst and manager roles at Media Super, Everest Financial Groups, and Mercer. "I look forward to continuing to deliver value for our members. It is exciting to take on these responsibilities in the midst of ongoing market challenges," said Wu.

Wu replacesGary Gabriel, who announced his departure in October of 2020.