NASFUND Appoints Joint Chief Investment Officers

Nasfund has appointed two Papua New Guineans to the position of Joint Chief Investment Officer.

They are Mr. Judah Waffi and Ms. Fiona Nelson.

Judah Waffi was formerly the Fund’s acting Chief Investment Officer since January 1st 2020, having previously served as Manager Investments. Ms. Nelson was formerly Vice President of Oil Search Asset Strategy.

Mr. Waffi holds a Bachelor of Economics degree from the University of PNG and has over 14 years’ experience in Investment Advisory, having worked with Bank of Papua New Guinea, BSP Capital, PNG Ports, MRL Capital and National Airports Corporation.

Ms. Nelson 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. She has over 15 years’ experience in financial economics, public policy and portfolio management. Prior to her role with Oil Search, Ms. Nelson worked with PacWealth Capital as Head of Investments, Portfolio Management and previously with Kumul Consolidated Holdings (KCH) as Portfolio Manager.

In welcoming the Joint Chief Investment Officers, nasfund Chief Executive Officer, Ian Tarutia said their appointments signaled the Funds 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 wealth of experience, their value proposition is the strength of their individual specialist skills within the investment discipline. This augurs well for the Fund in terms of investment opportunities.”

Mr. Tarutia further added he was extremely pleased to see more capable Papua New Guineans taking up leadership roles within the Fund and especially women.

Ms Nelson is the third female to join the executive management team, which now comprises of 7 men, and 3 women.

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