Sunsuper seeks to double staff to tap Australian pension bonanza

Pedestrians cross a road in Brisbane, Australia. Photographer: Ian Waldie/Bloomberg News Photo by Bloomberg

Sunsuper Pty Ltd. plans to almost double its staff over the next three years to tap into Australian pension assets, which have been growing at the fastest pace among the world’s biggest nations.

The Queensland-based fund, which oversees A$55 billion ($41 billion), is looking to boost investment decision-making ranks to about 50 by 2021 from 29 currently, according to Ian Patrick, its chief investment officer. It is also seeking to beef support staff to 40 from 20.

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