Cbus boosts Direct Debt team as portfolio surpasses $1 billion
Cbus Super has appointed Anne Moal as its first Head of Direct Debt and Illiquid Credit as the $73.5 billion fund’s debt portfolio hits over $1 billion as at June 2022.
Reporting to Head of Debt & Alternatives Linda Cunningham, Ms Moal will have primary responsibility for day to day portfolio management and credit oversight for the internal direct debt strategy.
Ms Moal will also have oversight of the external managers in the illiquid credit space and the counterparty credit work undertaken on the financial institutions Cbus has exposure to through its trading activities.
Cbus Chief Investment Officer Kristian Fok said, “This is an important appointment and we are delighted to secure someone with Anne’s experience and capability. With more than 25 years’ experience in credit and fixed income markets globally, Anne’s insight and strategic focus will be a strong benefit to this increasingly important part of Cbus’ investments strategy.”
Anne joins Cbus Super from Perpetual, where she spent eight years most recently as Head of Corporate High Yield. Prior to that, Anne worked in Sydney and London with Deutsche Bank and in London with a number of other international banks.
Ms Cunningham said the success of the Cbus Debt portfolio provided a dual benefit to member returns and the wider economy particularly through the heights of the pandemic, “To have grown the portfolio to over $1 billion in three years is testament to the hard work of the team here at Cbus.”
“We have supported corporates of different shapes and sizes including lending to support construction projects during the pandemic when credit was harder to come by. Anne will be a great addition to the team, and I look forward to working with her as we continue to grow the size and scope of the internal portfolio and our broader credit illiquid credit strategies.”
Anne Moal said, “I am looking forward to working with Linda and the wider Cbus Investments team. It is exciting to join at this time and I look forward to contributing to both the expansion of the internal direct debt strategy and the broader work in the credit space that Cbus does with external managers. The hybrid approach to investing is a clear demonstration of Cbus’ focus on the best possible retirement outcome the members.”
Media enquiries:
Tristan Douglas, Strategic Media Manager, 0417 736 434 or tristan.douglas@cbussuper.com.au
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Cbus is the leading Industry Super Fund for the building, construction and allied industries. As one of Australia’s largest super funds, we provide superannuation and income stream accounts to more than 778,000 members and we manage over $68 billion of our members’ money (as at 31 December 2021). Our members include workers and retirees, their families and employers. As of April 2022, Media Super is now a division of Cbus, offering Media Super products. For more than 30 years Media Super has been the industry super fund for Print, Media, Entertainment and Arts, and broader creative industries. At 31 December 2021 Media Super provided superannuation and retirement accounts to 72,000 members and managed $7 billion. Issued 15 June 2022, United Super Pty Ltd ABN 46 006 261 623 AFSL 233792 as Trustee for the Construction and Building Unions Superannuation Fund ABN 75 493 363 262 (Cbus and /or Cbus Super).