Key appointments and strategic moves across Australian super funds and Gulf family offices signal a shifting landscape of investment talent and internationalisation of careers, as firms strengthen local teams and expand global footprints.
Australian superannuation and investment sectors are witnessing notable talent shifts, spotlighted by key appointments and strategic moves across prominent funds and family offices.
Adam Murphy, formerly the private equity lead and senior portfolio manager at Australian Retirement Trust (ART), has joined the Dilmon family office of Sheikh Hamad bin Khalifa Al Thani, former Emir of Qatar. Murphy’s departure marks a significant transition after nearly a decade at ART, where he rose through the ranks swiftly. Dilmon, known for its sizeable global investments including luxury hotels like the Connaught in London and the Maybourne Riviera near Monaco, alongside stakes in Deutsche Bank and Italian fashion powerhouse Valentino, is expanding its investment footprint. According to reports from Qatar Wall Street, since October 2025, Dilmon has initiated an ambitious recruitment drive to establish a robust multi-strategy investment business. This includes hiring senior bankers and investment professionals in key global financial hubs such as Monaco and London, aiming to manage the Emir’s personal assets estimated at around US$150 billion, excluding sovereign wealth holdings. The move underlines Dilmon’s intent to build an institutional-grade investment firm with a truly global reach.
Murphy’s move to the Middle East aligns with a broader trend of Australian investment talent transferring to major Gulf region investment entities. This includes former Future Fund investment chief Ben Samild, who recently became chief strategist at the Mubadala-owned Abu Dhabi Investment Council, and Olivia Kim, an ex-Future Fund portfolio construction expert, who joined Abu Dhabi-based Lunate, a private markets investor with assets valued at $110 billion.
Domestically, AustralianSuper and Rest Super continue to strengthen their teams with strategic hires. Karl Marschall, with 12 years’ experience at JP Morgan advising superannuation, pension, sovereign wealth funds, and private equity firms, has joined AustralianSuper’s real assets team as director. His expertise spans acquisitions, divestments, capital structuring, and strategic advisory. Upon his appointment, Marschall expressed enthusiasm about contributing to AustralianSuper’s ongoing success, reflecting the fund’s focus on bolstering its internal capabilities.
Rest Super has appointed Mathias Marcoulet to its global equities division. Bringing a wealth of international experience from Paris-based Quadrille Capital and previous roles at Cholet Dupont Asset Management, Syquant Capital, and Credit Agricole, Marcoulet’s addition is positioned to enhance Rest Super’s fundamental global equity analysis capabilities. Richard Mercado, Rest’s head of internal global equities, welcomed Marcoulet’s arrival, pointing to the significant value his expertise adds to the team and member outcomes.
Meanwhile, UniSuper has appointed Andrew Todd as its new chief technology officer, responsible for driving the fund’s technology strategy and digital transformation agenda. Todd’s extensive 25-year career in financial services leadership spans technology, digital product development, software, cybersecurity, data, and stakeholder engagement, with senior roles at IRESS, IOOF Holdings, Standard & Poor’s, and McMillan Shakespeare. This appointment signals UniSuper’s commitment to leveraging technology for scalable growth and operational resilience.
Taken together, these moves highlight a dynamic period for Australian super funds and global family offices alike, as they compete for talent and investment efficacy in an increasingly interconnected and competitive investment landscape. The growing allure of Gulf-based family offices and sovereign-linked investors underscores the internationalisation of investment careers, even as Australian funds pursue local strengthening through high-calibre appointments.
- https://www.financialstandard.com.au/news/super-moves-art-australiansuper-rest-unisuper-179810670 – Please view link – unable to able to access data
- https://www.qatarwallstreet.com/news/qatar-royal-recruits-top-bankers-for-firm-to-manage-his-billions/2025/10/24/ – In October 2025, the family office of former Qatari Emir Sheikh Hamad bin Khalifa Al Thani, known as Dilmon, initiated a significant recruitment campaign to establish a multi-strategy investment business. The office is actively hiring senior bankers and investment professionals in Monaco and London to manage the Emir’s personal multibillion-dollar fortune. This expansion aims to build an institutional-grade investment firm capable of handling assets estimated up to US$150 billion, excluding government-owned sovereign assets. The recruitment drive underscores Dilmon’s commitment to enhancing its global investment capabilities.
- https://www.qatarwallstreet.com/news/qatar-royal-recruits-top-bankers-for-firm-to-manage-his-billions/2025/10/24/ – In October 2025, the family office of former Qatari Emir Sheikh Hamad bin Khalifa Al Thani, known as Dilmon, initiated a significant recruitment campaign to establish a multi-strategy investment business. The office is actively hiring senior bankers and investment professionals in Monaco and London to manage the Emir’s personal multibillion-dollar fortune. This expansion aims to build an institutional-grade investment firm capable of handling assets estimated up to US$150 billion, excluding government-owned sovereign assets. The recruitment drive underscores Dilmon’s commitment to enhancing its global investment capabilities.
- https://www.qatarwallstreet.com/news/qatar-royal-recruits-top-bankers-for-firm-to-manage-his-billions/2025/10/24/ – In October 2025, the family office of former Qatari Emir Sheikh Hamad bin Khalifa Al Thani, known as Dilmon, initiated a significant recruitment campaign to establish a multi-strategy investment business. The office is actively hiring senior bankers and investment professionals in Monaco and London to manage the Emir’s personal multibillion-dollar fortune. This expansion aims to build an institutional-grade investment firm capable of handling assets estimated up to US$150 billion, excluding government-owned sovereign assets. The recruitment drive underscores Dilmon’s commitment to enhancing its global investment capabilities.
- https://www.qatarwallstreet.com/news/qatar-royal-recruits-top-bankers-for-firm-to-manage-his-billions/2025/10/24/ – In October 2025, the family office of former Qatari Emir Sheikh Hamad bin Khalifa Al Thani, known as Dilmon, initiated a significant recruitment campaign to establish a multi-strategy investment business. The office is actively hiring senior bankers and investment professionals in Monaco and London to manage the Emir’s personal multibillion-dollar fortune. This expansion aims to build an institutional-grade investment firm capable of handling assets estimated up to US$150 billion, excluding government-owned sovereign assets. The recruitment drive underscores Dilmon’s commitment to enhancing its global investment capabilities.
- https://www.qatarwallstreet.com/news/qatar-royal-recruits-top-bankers-for-firm-to-manage-his-billions/2025/10/24/ – In October 2025, the family office of former Qatari Emir Sheikh Hamad bin Khalifa Al Thani, known as Dilmon, initiated a significant recruitment campaign to establish a multi-strategy investment business. The office is actively hiring senior bankers and investment professionals in Monaco and London to manage the Emir’s personal multibillion-dollar fortune. This expansion aims to build an institutional-grade investment firm capable of handling assets estimated up to US$150 billion, excluding government-owned sovereign assets. The recruitment drive underscores Dilmon’s commitment to enhancing its global investment capabilities.
- https://www.qatarwallstreet.com/news/qatar-royal-recruits-top-bankers-for-firm-to-manage-his-billions/2025/10/24/ – In October 2025, the family office of former Qatari Emir Sheikh Hamad bin Khalifa Al Thani, known as Dilmon, initiated a significant recruitment campaign to establish a multi-strategy investment business. The office is actively hiring senior bankers and investment professionals in Monaco and London to manage the Emir’s personal multibillion-dollar fortune. This expansion aims to build an institutional-grade investment firm capable of handling assets estimated up to US$150 billion, excluding government-owned sovereign assets. The recruitment drive underscores Dilmon’s commitment to enhancing its global investment capabilities.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
8
Notes:
The narrative was published today, 20 November 2025, and appears to be original content. No earlier versions with identical content were found. The report includes recent appointments and developments, indicating high freshness. However, the mention of Dilmon’s expansion and recruitment drive since October 2025 suggests that some information may have been updated or republished. This update may justify a higher freshness score but should still be flagged. ([financialstandard.com.au](https://www.financialstandard.com.au/news/super-moves-art-australiansuper-rest-unisuper-179810670?utm_source=openai))
Quotes check
Score:
9
Notes:
The report includes direct quotes from individuals such as Karl Marschall and Richard Mercado. No identical quotes were found in earlier material, suggesting these are original or exclusive. The wording of the quotes matches the report, with no variations noted. This supports the originality of the content. ([financialstandard.com.au](https://www.financialstandard.com.au/news/super-moves-art-australiansuper-rest-unisuper-179810670?utm_source=openai))
Source reliability
Score:
9
Notes:
The narrative originates from Financial Standard, a reputable Australian financial news outlet. This enhances the credibility of the information presented. ([financialstandard.com.au](https://www.financialstandard.com.au/news/super-moves-art-australiansuper-rest-unisuper-179810670?utm_source=openai))
Plausability check
Score:
8
Notes:
The report details recent appointments and strategic moves within Australian superannuation and investment sectors, which align with known industry trends. The mention of Dilmon’s expansion and recruitment drive since October 2025 is plausible and consistent with the reported developments. However, the lack of supporting detail from other reputable outlets on some claims reduces the score. The language and tone are consistent with typical financial reporting. ([financialstandard.com.au](https://www.financialstandard.com.au/news/super-moves-art-australiansuper-rest-unisuper-179810670?utm_source=openai))
Overall assessment
Verdict (FAIL, OPEN, PASS): PASS
Confidence (LOW, MEDIUM, HIGH): HIGH
Summary:
The narrative is original, with no evidence of recycled content. Direct quotes appear to be exclusive, and the source is reputable. The content is plausible and aligns with industry trends, though some claims lack supporting detail from other reputable outlets. Overall, the narrative passes the fact-check with high confidence.