people

Australia’s sovereign wealth fund creates five new roles, split by asset class, after head of property exits.

The combined division will look to tap into the growing demand for alternative strategies.

The firm, which was created from Northill’s takeover of Hastings group’s international business, has added fundraising and energy expertise to its ranks.

Deanne Stewart, current CEO of Metlife’s Australian business, will take over in November after Michael Dwyer retires.

Steven Sonnenstein, who resigned from the Canadian pension in March, becomes managing director as the firm’s inaugural $3bn fund nears target.

Nick Grant, until now CEO of Severn Trent Services, bolsters the firm’s infrastructure team following the departure of Phillipe Taillardat last September.