AustralianSuper appoints Chandu Bhindi as chief liquidity officer
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The news: Australia's largest superannuation fund AustralianSuper has appointed Chandu Bhindi as its chief liquidity officer.
The context: Bhindi will join AustralianSuper from Commonwealth Bank, where he most recently served as the group's general manager for capital management and stress testing.
AustralianSuper said that as more of its members approach retirement with larger balances, liquidity management is a "key focus" for the fund’s operations.
Bhindi, who will join AustralianSuper in January 2025, is the fund's first permanent chief liquidity officer. The company's head of capital markets Joris Hillmann has served as acting chief liquidity officer since December 2022.
What they said: "Chandu brings an enormous amount of experience to the fund and is yet another example of how our scale and growth trajectory is attracting the best talent available in financial services," AustralianSuper chief investment officer Mark Delaney said.
"Chandu will play a pivotal role in making sure the fund is ahead of the curve when it comes to managing liquidity and risk across the whole range of assets that members own.
"The appointment is a clear reflection of the importance that we place on liquidity management and the major role it plays in the fund’s operations and the broader Australian economy."
Bhindi said: "It’s an exciting time to join AustralianSuper as the fund continues to grow so that it can deliver on its purpose of helping members achieve their best financial position in retirement".
"I’m looking forward to implementing liquidity management strategies and developing capabilities that will drive efficient management of liquidity and provide the fund with optionality as it continues to broaden its offshore footprint," he said.
The source: AustralianSuper media release
