Retirement
Rest appoints Marina Pasika as permanent head of private markets
In a significant move for Australia's superannuation landscape, Rest, one of the nation's largest profit-to-member super funds, has confirmed the permanent appointment of Marina Pasika as Head of Private Markets. This appointment, effective immediately, marks a pivotal moment for the fund as it continues to strengthen its investment strategies under Pasika's leadership.
Rest appoints Marina Pasika as permanent head of private markets
In a significant move for Australia's superannuation landscape, Rest, one of the nation's largest profit-to-member super funds, has confirmed the permanent appointment of Marina Pasika as Head of Private Markets. This appointment, effective immediately, marks a pivotal moment for the fund as it continues to strengthen its investment strategies under Pasika's leadership.
Pasika, who has been with Rest since 2020, has been acting in the role since October 2025. Her appointment follows an exhaustive search process, highlighting her credentials and the trust placed in her by the organisation. Chief Investment Officer Michael Clancy expressed his confidence in Pasika's capabilities and the impact she has already made during her interim tenure. "Marina brings strong investing credentials, a proven track record in private equity and deep experience across private markets," he stated. "She has also demonstrated strong leadership capability in the role, building momentum within the team."
Under Pasika's interim leadership, Rest's private markets agenda has seen considerable advancement. Her focus on strengthening key external relationships has been a cornerstone of her strategy, aligning with Rest's broader objectives of delivering robust long-term outcomes for its members. Clancy further commented, "Since stepping into the role on an interim basis, Marina has led the team with clarity and sound judgement, while continuing to advance our private markets strategy. I’m delighted that she is now stepping into the role on a permanent basis."
Pasika's career at Rest has been marked by her involvement in senior investment roles, where she has been instrumental in building the fund's private equity capability and expanding its alternatives portfolio. Her experience and strategic vision have been pivotal in navigating the complexities of private markets, a sector that requires both precision and foresight.
Reflecting on her new role, Pasika expressed enthusiasm for the journey ahead. "It’s a privilege to continue leading the Private Markets team and to build on the work underway," she said. "The focus remains on delivering strong long-term outcomes for members through disciplined investing, strong partnerships and a clear strategic approach. I’m looking forward to what lies ahead."
The appointment of Pasika is not just a testament to her individual achievements but also a reflection of Rest's commitment to fostering leadership from within. Her progression from a senior investment role to the head of a critical department underscores the fund's dedication to recognising and nurturing talent internally.
Rest's decision to appoint Pasika permanently comes at a time when the superannuation industry is increasingly focused on private markets as a source of growth and diversification. With global economic uncertainties and fluctuating market conditions, the role of private markets in delivering stable returns has become more pronounced. Pasika's expertise in this area is expected to play a crucial role in steering Rest's investment strategies towards greater resilience and sustainability.
As Rest continues to navigate the evolving financial landscape, Pasika's leadership is anticipated to drive the fund's private markets strategy forward, ensuring that it remains aligned with the best interests of its members. Her appointment is a significant step in Rest's ongoing commitment to delivering value and securing the financial futures of its members.
For Rest, the confirmation of Pasika as Head of Private Markets represents not only a strategic decision but also a vote of confidence in her ability to lead and innovate. As the superannuation fund looks to the future, Pasika's role will be central to shaping its investment landscape and maintaining its position as a leader in the industry.
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