The New Zealand Superannuation Fund's board has appointed Matt Whineray as chief executive, a role he has been acting in since March after Adrian Orr left the job.
Whineray, who was previously the fund's chief investment officer, first joined the organisation in 2008. His appointment will be effective from July 1.
The fund said it had undergone a global, publicly-advertised search process for a new CEO, and Whineray was "the stand-out candidate amongst a high-quality field of international applicants."
"He has been instrumental in the Guardians’ successes over the last decade and is recognised globally as a leader in institutional investment. The board has the utmost confidence in his leadership ability, intelligence and integrity," said chair Catherine Savage. "The board looks forward to seeing the NZ Super Fund continue to exemplify investment best practice and create value for taxpayers."
Whineray will oversee the $37.9 billion fund, which has had a 10.5 percent average annual rate of return since inception, before tax and after costs and a workforce of approximately 140 people, including 55 investment professionals. While 86 percent of the fund is invested globally, it has $5 billion invested in New Zealand.