Crescent Wealth appoints new CIO

Socially responsible superannuation fund Crescent Wealth has appointed Jason Hazell as its chief investment officer (CIO).

Hazell had more than 20 years’ experience in superannuation, investment management, mergers and acquisitions and private equity.

He had joined Crescent Wealth from Nightingale Partners, a Sydney-based venture capital firm that invested in early and growth stage companies.

Prior to that, he had spent more than eight years with NAB Asset Management where he was head of investment specialists. He had also held a 10-year stint with MLC Investment Management, managing Australian and global real estate portfolios.

In his new role, he would work closely with the investment committee to set investment objectives, formulate investment strategies and manage portfolios that invest in ethical and Islamic compliant industries.

Talal Yassine OAM, Crescent Wealth managing director, said prior to joining as CIO Hazell had been a member of the firm’s investment committee so he was well acquainted with the company.

“Jason is a proven performer, a great addition to the Crescent Wealth family, and a strong supporter of our investment ethos,” Yassine said.

“Our socially responsible investment principles and values align with low risk and medium returns over long periods.

“Our Islamic compliant investment approach also means we actively have a ‘no-go’ approach to investments in industries such as weapons manufacturing, alcohol production and sales, tobacco, gambling, pornography and interest-earning financial institutions, such as banks.

“We offer an attractive alternative based on socially responsible investing and place funds in healthcare, property and infrastructure, utilities, manufacturing and innovative industries instead.”

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