AustralianSuper New York Office Continues International Growth

AustralianSuper's New York office is a significant milestone in the fund's international growth. The office was established in 2018 to provide a local presence for AustralianSuper's US-based clients.

The New York office is strategically located in the heart of Manhattan, allowing for easy access to major financial institutions and investment firms.

AustralianSuper's expansion into the US market is a key part of its strategy to diversify its investments and provide better returns for its members.

As of 2022, AustralianSuper has over $230 billion in funds under management, making it one of the largest superannuation funds in the country.

AustralianSuper is growing its presence in New York, aiming to increase its exposure to US markets and focus on investing in private markets.

The super fund has announced a number of major new hires to its New York office, including Jennie Rose as senior investment director, private debt, and Emilce Song as investment director, infrastructure.

These new hires join Terry Charalambous, head of private equity, and Derek Chu, head of American Infrastructure, who are already based in the New York office.

The team now has 15 senior investment professionals, with plans to grow to almost 100 colleagues within three years.

Here are the new hires and their roles:

AustralianSuper currently has $74 billion invested in the US, split between $43 billion in listed equities, $23 billion in private markets and almost $8 billion invested in fixed interest.

The Australiansuper New York office is strategically located in the heart of Manhattan, allowing for seamless communication and collaboration with global teams.

This proximity enables the office to provide 24/7 support to clients, ensuring that their investment needs are met at all times.

The office's central location also enables Australiansuper to tap into the local talent pool, fostering a diverse and skilled workforce.

Australiansuper's New York office is equipped with state-of-the-art technology, including high-speed internet and advanced data analytics tools.

These tools enable the office to provide high-quality investment advice and portfolio management services to clients.

By leveraging the expertise of local professionals, Australiansuper's New York office is well-positioned to capitalize on emerging trends and opportunities in the global financial markets.

Damian Moloney is the Deputy Chief Investment Officer of AustralianSuper. He was appointed to this role effective 1 July 2023.

Damian Moloney is responsible for implementing the investment platform and strategy abroad, and he will also remain in charge of the overseas expansion of the fund. He's leading the charge in international expansion.

AustralianSuper expects more than 40 per cent of its assets to be managed in its overseas offices by 2030. This is a long-term plan that may change a little bit with new appointments.

Damian Moloney says the fund expects a tilt towards international over time, but it doesn't mean the investment program in Australia will slow down. Money still goes into that market.

AustralianSuper already has 50 per cent of its $300 billion in assets invested outside of Australia, including $85 billion in the United States and $40 billion in the United Kingdom and Europe.

Having a physical presence in New York is crucial for Australiansuper to connect with clients and partners.

The company's office is located in a prime location in Manhattan, close to major financial institutions and business centers.

This strategic location allows Australiansuper to tap into the city's vibrant business ecosystem and stay ahead of the curve.

Australiansuper's office is designed to be a hub for collaboration and innovation, with state-of-the-art facilities and amenities.

The company's commitment to sustainability is reflected in its office design, which incorporates energy-efficient systems and eco-friendly materials.

As a result, Australiansuper's office has become a model for sustainable office design in the city.