Cbus fills new COO position

In a statement, Cbus chief investment officer Kristian Fok said Mr Youssef’s “proven track record in investment operations” paired with his management abilities made him an ideal candidate for the position.

“Joe has been an integral member of our investments team for more than four years and will play a key role in steering the fund for continued success in the years to come,” Mr Fok said.

“Cbus has experienced significant growth over the last few years and with the fund expecting to grow to more than $60 billion in the next five years, having the right team in place is essential.”

Mr Youssef said he looked forward to commencing in the role.

“I’m appreciative of this great opportunity to lead our experienced team in tackling the challenges we face with the ambitious program of work the investments team has committed to,” Mr Youssef said.

The role was created as part of a restructure of the investments team that followed the departure of former group executive of investment services and solutions Trish Donohue.