Annuitas has lined up a replacement chief investment officer due to assume the position on September 1.
The role has been vacant since incumbent, Anthony Halls, resigned effective March 31.
A spokesperson for Annuitas confirmed that Will Durham would take on the CIO job at the beginning of Spring.
Durham comes to Annuitas from the Bank of England where he has held various roles since 2011, most recently as head of quantitative analysis.
The Wellington-headquartered firm is responsible for managing almost $7 billion of state pension investments, spread across the circa $5.5 billion Government Superannuation Fund and the $1.8 billion National Provident Fund.
Elsewhere, Russell Investments has named Paul Eitelman as global chief investment strategist to succeed Andrew Pease.
As reported last week, Pease will shift to the newly created role as Asia-Pacific head of investments from July 1.
Eitelman has been in the financial sector almost 20 years, spending about half that at Russell where he was until the latest promotion North America chief investment strategist.
Russell CIO, Kate El-Hillow, said in a release that Pease and Eitelman “are seasoned investors with a long history at Russell Investments and a deep understanding of global markets”.
“These appointments demonstrate the depth of talent across our organization and reflect our commitment to deepening regional expertise and better aligning our investment platform with client needs across the globe.”
The Seattle-headquartered multi-manager and investment consultancy firm manages about US$332 billion for investors in 30 countries including NZ.
Meanwhile, BlackRock has embarked on another round of layoffs with about 300 staff – or 1 per cent of the total workforce – due to depart, according to a Bloomberg report.
The news follows an earlier downsizing this January that saw about 200 employees leave the world’s largest fund management that boasted global staff count of almost 22,600 at the end of March.
BlackRock has expanded significantly over the last 18 months after a US$25 billion splurge on acquiring three firms in the private markets space including Global Infrastructure Partners, HPS Investment Partners and the sector data specialist, Prequin.
However, the manager is still expected to add more staff as the private markets push continues.
Larry Fink, BlackRock chief, said in his annual investor letter this year that the manager was intent on ‘democratising’ access to private markets for retail clients via its recent purchases.
“With clearer, more timely data, it becomes possible to index private markets just like we do now with the S&P 500. Once that happens, private markets will be accessible, simple markets. Easy to buy. Easy to track,” Fink told investors.