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In his new role, Mr Hargraves will be responsible for leading the Fund's international equities and private equity teams, building internal capabilities, hiring new talent and leading the processes underpinning the growth and development of those portfolios.

He will also play a core role in the Fund's investments and London office leadership team. AustralianSuper is forecast to have around $700 billion of members' funds under management by 2030 and will deploy almost 70% of its growing inflows into global markets.

The global equities portfolio is expected to grow from $69 billion today to around $255 billion, while the private equity portfolio is expected to grow from $14 billion today to around $55 billion.

AustralianSuper Chief Investment Officer Mark Delaney said:

"Mark's appointment is an important leadership role within the Fund, bringing together the management, research and strategy for international equities and private equity investments. "His investment experience within complex multi-market organisational structures will be invaluable as we build our own capabilities alongside outside investment mandates."

AustralianSuper Head of International and Private Equity Mark Hargraves said:

"I'm delighted to be joining the Fund at a time when it is undergoing significant growth, building the international capabilities necessary to manage a globally significant memberfocused retirement fund.

"The past few years have highlighted the importance of agile, integrated investment strategies able to manage short-term macroeconomic and geopolitical volatility and the longer-term sustainability challenges created by climate change. I look forward to playing my part in the Fund's growth and the unique opportunities that process will create."