Cbus poaches AustralianSuper director as head of infrastructure

The A$52bn superfund has replaced outgoing head of infra Diana Callebaut, who left to join NSW Treasury Corporation earlier this year.

Campbell: replaces Diana Callebaut as head of infrastructure at Cbus

Cbus Super has appointed Alexandra Campbell as its new head of infrastructure.

Campbell joins from AustralianSuper, where she was a senior investment director working on the superfund’s direct infrastructure investment strategy and other fund strategies. She replaces previous head of infrastructure Diana Callebaut, who left Cbus in January after four years in the role to join NSW Treasury Corporation as head of real assets and private markets.

Prior to her role at AustralianSuper, Campbell was a founding principal at Avoca Capital Advisors, a boutique asset management and investment advisory firm, from 2013 to 2018. Before that, she was a director at Hastings Funds Management with responsibility for managing its listed Australian Infrastructure Fund.

Campbell will report to Grant Harrison, portfolio head – private markets, according to a job ad posted by Cbus earlier in the year. The fund’s head of infrastructure is responsible for guiding and implementing Cbus’s infrastructure strategy, including fund manager relationships and origination, bid strategy and commercial negotiation in direct investments.

Campbell has also held board positions for a variety of infrastructure assets, including NSW Ports, Perth Airport, Northern Territory Airports, Queensland Airports, Port of Geelong and Metro Transport Sydney.

Campbell said in a statement: “Undoubtedly this is a challenging time for markets, but this also gives rise to valuable investment opportunities. I know Cbus is keen to partner with governments and other funds to source unique and innovative investment opportunities, and I am excited to be involved.”

Cbus chief investment officer Kristian Fok welcomed the appointment and said that Campbell joined the fund “with significant runs on the board as an infrastructure leader”.

Cbus had approximately A$52 billion ($36 billion; €32 billion) of assets under management as at 30 June 2019. Around A$5.6 billion of this was invested in infrastructure through managers IFM Investors and Morrison & Co, the latter as manager of the Utilities Trust of Australia fund.