AustralianSuper Hires AI Chief as Pension Funds Race to Adapt

AustralianSuper, the nation’s largest pension fund, has hired its first head of artificial intelligence as the industry grapples with how rapidly evolving technology could reshape retirement finance.

Sarah Carney will join the A$410 billion ($291 billion) fund in July as head of AI and Automation, coming from Microsoft Inc., where she served as national chief technology officer for Australia and New Zealand, according to a statement Wednesday.

Her role will focus on “how AI flows through the organisation, finding ways for humans and machines to collaborate at scale and making sure that governance is fit for purpose,” Mike Backeberg, ...