Nest promotes Fernando to CIO
Pardon the Interruption
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Master trust Nest has appointed Elizabeth Fernando as its new chief investment officer. She will be taking over from Mark Fawcett, who has held the role for 14 years.
Fernando joined Nest from the Universities Superannuation Scheme in November 2020 as head of long-term investment strategy, bringing with her 25 years’ worth of investment experience. She was appointed as deputy CIO towards the end of 2021.
Fawcett will remain at the master trust as chief executive of Nest Invest, where he will be responsible for the overall management of Nest’s investment operation, while Fernando will now lead on the day-to-day implementation of Nest’s investment strategy.
Fernando said: "I'm honoured to be following in the footsteps of Mark and excited to continue working with him, as we both look to the future of Nest's investment strategy."
Fernando joined Nest from the Universities Superannuation Scheme in November 2020 as head of long-term investment strategy, bringing with her 25 years’ worth of investment experience. She was appointed as deputy CIO towards the end of 2021.
Fawcett will remain at the master trust as chief executive of Nest Invest, where he will be responsible for the overall management of Nest’s investment operation, while Fernando will now lead on the day-to-day implementation of Nest’s investment strategy.
Fernando said: "I'm honoured to be following in the footsteps of Mark and excited to continue working with him, as we both look to the future of Nest's investment strategy."
