Retirement
Rest appoints Marina Pasika as interim head of private markets
Rest, one of Australia's largest profit-to-member superannuation funds, has announced the appointment of Marina Pasika as the Interim Head of Private Markets. This decision comes as the fund embarks on a recruitment process to find a permanent replacement following the departure of Simon Esposito.
Rest appoints Marina Pasika as interim head of private markets
Rest, one of Australia's largest profit-to-member superannuation funds, has announced the appointment of Marina Pasika as the Interim Head of Private Markets. This decision comes as the fund embarks on a recruitment process to find a permanent replacement following the departure of Simon Esposito.
Marina Pasika, who has been with Rest since 2020, brings a wealth of experience to her new role. With over 15 years of investment expertise in private equity and alternative assets, Pasika has held senior positions at prestigious institutions including the Future Fund and Goldman Sachs. Her extensive background is expected to be a significant asset as she takes on the responsibilities of leading Rest's private markets strategy.
Since joining Rest, Pasika has been instrumental in enhancing the fund's private equity capabilities and reshaping its alternatives strategy. Her efforts have not gone unnoticed within the organisation. Michael Clancy, Rest’s Chief Investment Officer, expressed his confidence in Pasika's abilities, stating, “Congratulations to Marina on her appointment as Interim Head of Private Markets. She brings great leadership skills and deep experience, and I’m really pleased that she is stepping into the role in support of our more than 2 million members.”
Pasika's appointment is seen as a strategic move for Rest as it continues to navigate the complexities of private markets. Her dual role, which includes leading Rest’s Growth Alternatives team, underscores her pivotal position within the organisation. This dual responsibility is expected to provide continuity and stability during the transition period as the search for a permanent head is underway.
In her previous roles, Pasika has demonstrated a keen ability to manage and grow investment portfolios. Her experience at the Future Fund, one of Australia's largest sovereign wealth funds, and Goldman Sachs, a leading global investment banking, securities, and investment management firm, has equipped her with the skills necessary to drive Rest's private market initiatives forward. Her leadership in these roles has been marked by strategic foresight and a deep understanding of market dynamics.
The decision to appoint Pasika comes at a time when Rest is looking to strengthen its position in the private markets sector. With more than 2 million members relying on the fund for their retirement savings, the importance of having a strong leader at the helm of private markets cannot be overstated. Pasika's proven track record in investment management is expected to play a crucial role in achieving the fund's objectives.
Rest has been actively working to enhance its investment strategies, particularly in the realm of private equity and alternative assets. The fund's commitment to delivering strong returns for its members is reflected in its strategic appointments and the emphasis on building a robust investment team. Pasika's leadership is anticipated to provide the necessary guidance and direction to further develop Rest's private market investments.
As the interim head, Pasika will be tasked with overseeing a diverse portfolio and ensuring that the fund's investments align with its long-term goals. Her ability to navigate the complexities of private markets will be crucial in maintaining the fund's competitive edge and delivering value to its members.
While the search for a permanent head of private markets is ongoing, Rest's decision to appoint an experienced leader like Pasika demonstrates its commitment to maintaining stability and continuity in its investment strategies. Her appointment is a testament to the confidence that Rest's leadership team has in her capabilities.
Marina Pasika's appointment as Interim Head of Private Markets marks a significant step for Rest as it continues to strengthen its position in the investment landscape. With her extensive experience and proven leadership skills, Pasika is well-positioned to guide the fund through this transition period and beyond. As she steps into this pivotal role, the focus will be on leveraging her expertise to drive growth and deliver strong returns for Rest's members.
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