Lisa Gray, CEO of Victorian Funds Management Corporation (VFMC), today announced changes in some senior management roles at VFMC.
Justin Pascoe, Chief Investment Officer (CIO) for VFMC, has decided to step down from his role to spend more time with his young family. Justin has been CIO since 2008 and during that time has been instrumental in shaping the enduring foundations that underpin VFMC today and in delivering the strong investment performance of the past few years. Over this time, he has built a highly capable team of asset management professionals who will continue to lead the investment activities of VFMC. Justin will continue in his role over the coming months as part of a considered transition to a new CIO.
Over the past few months, VFMC has been undertaking a strategy refresh. This comes at a time when its previous strategic agenda has been implemented and it considers the fundamental challenges facing all global investment managers. One of the early conclusions from this work is to invest further in digital, technology and data/analytics capabilities in order to enhance the sustainability and resilience of VFMC’s performance.
To this end, a new role of Head of Digital and Technology will be created which will have responsibility for all of VFMC’s digital and technology functions. This changes the role of the current CFO, Marc Pizzichetta, who in addition to leading the finance function also has responsibility for some technology areas. As a result, Marc will be leaving the organisation. Marc has been a valued, long term member of VFMC having led the finance team for the last ten years.
The Board and Management are immensely appreciative of the significant contributions of Justin and Marc and wish them every success as they pursue the next phase in their careers.