Aware Super Deputy CIO to Join Smaller Rival Brighter Super

The deputy chief investment officer at Australia’s third-largest pension fund, Aware Super, has been appointed to the top role at smaller rival Brighter Super in the latest change in the top ranks of the nation’s fast-growing A$4.5 trillion ($3.1 trillion) pension industry.

Damien Webb, who also leads the UK operations at A$210 billion Aware Super, will return to Australia to take up the position of chief investment officer at A$37 billion Brighter Super. He will be based in Sydney and replaces Mark Rider, who stepped down in December.