Locals to jointly head nasfund’s investments

NASFUND has appointed two Papua New Guineans to the position of joint chief investment officer.
They are Fiona Nelson and Judah Waffi.
Waffi was formerly the fund’s acting chief investment officer since Jan 1, having previously served as manager investments.
Waffi holds a bachelor of economics degree from the University of Papua New Guinea and has over 14 years’ experience in investment advisory, having worked with Bank of PNG, BSP Capital, PNG Ports, MRL Capital and National Airports Corporation.
Nelson was formerly vice-president of Oil Search asset strategy.
She holds a bachelor of business economics from the Massey University, New Zealand, and a masters of science in international economics and public policy from Cardiff University, United Kingdom.
Nelson has over 15 years’ experience in financial economics, public policy and portfolio management.
Prior to her role with Oil Search, she worked with PacWealth Capital as head of investments, portfolio management and previously with Kumul Consolidated Holdings (KCH) as portfolio manager.
Nasfund chief executive Ian Tarutia said their appointments signalled the fund’s intention to promote more local talent into key risk positions.
“Both Judah Waffi and Fiona Nelson are qualified and competent investment professionals and were selected from a short list of very strong candidates including from abroad.
“Aside from the experience, their value proposition is the strength of their individual specialist skills within the investment discipline.”