NAB’s Parker to join Sunsuper


By Julie May

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Sunsuper has announced that National Australia Bank’s (NAB) Brian Parker has been appointed to the newly created role of chief economist.

Yesterday financialobserver revealed that after almost a decade with the bank Parker would finish up as Head of Portfolio Specialists Group for MLC and NAB Asset Management on 10 June.

Sunsuper’s chief investment officer David Hartley said today Parker’s particular areas of responsibility would be to provide macro-economic input into the business’ investment decisions, as well as to communicate the fund’s investment strategy to both its internal and external stakeholders.

Parker would also provide investment research and analysis expertise, as well as act as Sunsuper’s key spokesperson on the markets and the global economy.

“With a career in economics and investment markets spanning 26 years, and extensive experience in investment communications for a range of firms, we are delighted to welcome Brian to Sunsuper,” Hartley said.

Prior to Parker’s most recent role with NAB, he held positons including MLC Investment Management investment strategist, Citigroup Asset Management regional economist for the Asia-Pacific and Rothschild Australia senior economist.

He also worked with JP Morgan, Legg Mason, and the Reserve Bank of Australia.

In a communication provided to financialobserver yesterday, NAB said while it was sad to see Parker leave it was a very good career opportunity for him.

“We will start working through the process to find Brian's replacement immediately,” NAB said in a statement.

The group also confirmed that his current role was not part of the MLC investment team therefore his departure would not affect the management of funds.

Sunsuper has more than one million members and more than $32 billion in funds under administration.

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