US/AUSTRALIA - The New York State Common Retirement Fund and UniSuper have undergone senior staff changes.
Thomas P. Di Napoli, State comptroller, commented: "She will work with me to ensure the fund maintains its strong long term track record and operates with a priority on ethics and transparency."
Nick Smirensky has been appointed deputy CIO, while Dorothy Casey has joined as chief administration officer, and Sheila Stamps as director of fixed income investments and cash management.
In Australia, Ann Byrne has announced she will step down as CEO of UniSuper in early March 2008 after seven years in the position.
Under her leadership, UniSuper was created from the merger of the SSAU and TESS funds in 2000.
Byrne said: "I am confident that I am leaving UniSuper in good shape as it reaches this milestone, and that the organisation is very strongly placed to face the challenges of the next 25 years and beyond for its members."
UniSuper said one of Byrne's biggest achievements was to create an in house investment team which was recognised within the industry for its skill and depth of resources.
Byrne is also a board member for the Association of Superannuation Funds of Australia (ASFA) and deputy president of the Australian Council of Superannuation Funds.
The superannuation fund has begun looking for Byrne's replacement.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.