Cbus names new head of direct debt

The super fund’s debt portfolio has now surpassed a $1 billion milestone.

Cbus Super has announced the appointment of Anne Moal as its first head of direct debt and illiquid credit.

Ms Moal joins the super fund from Perpetual, where she spent eight years and most recently served as the firm’s head of corporate high yield.

She previously worked with Deutsche Bank in both Sydney and London and with a range of other international banks based in London.


In her new role, Ms Moal will have primary responsibility for day-to-day portfolio management and credit oversight for Cbus’ internal direct debt strategy, and will report to head of debt & alternatives, Linda Cunningham.

“This is an important appointment and we are delighted to secure someone with Anne’s experience and capability,” said Cbus CIO Kristian Fok.

“With more than 25 years’ experience in credit and fixed income markets globally, Anne’s insight and strategic focus will be a strong benefit to this increasingly important part of Cbus’ investments strategy.”

The appointment comes as the super fund’s debt portfolio surpassed $1 billion, which Ms Cunningham said had provided a dual benefit to member returns and the wider economy.

“We have supported corporates of different shapes and sizes including lending to support construction projects during the pandemic when credit was harder to come by,” she said.

“Anne will be a great addition to the team, and I look forward to working with her as we continue to grow the size and scope of the internal portfolio and our broader credit illiquid credit strategies.”

Commenting on her appointment, Ms Moal said she was looking forward to working with Ms Cunningham and the Cbus investments team.

“It is exciting to join at this time and I look forward to contributing to both the expansion of the internal direct debt strategy and the broader work in the credit space that Cbus does with external managers,” she said.

“The hybrid approach to investing is a clear demonstration of Cbus’ focus on the best possible retirement outcome for the members.”

Cbus names new head of direct debt
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Jon Bragg

Jon Bragg

Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.

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