New chief executive for REI Super
REI Super new chief executive Jarrod Coysh began his new role 29 July. The former Cbus executive general manager for employer experience has had a long history in financial services working with Westpac, NAB and ANZ over the past 15 years.
“We are excited to work with [Jarrod] as we take the Fund to the next stage,” commented REI Super’s chair Claire Higgins.
“The Board is certain that REI Super members will benefit from his breadth of skills and deep experience in financial services and superannuation.”
Outgoing CEO Mal Smith served in his role for 15 years during which the fund grew from $400 million in funds under management, to $1.6 billion.
“Mal has guided REI Super with a firm and trusted hand, and we would like to offer Mal our sincerest thanks for his dedication and excellent leadership over the past decade and a half,” said Higgins.
Tasplan selects former consultant as new CIO
Tasplan has announced David Stuart to be the new chief investment officer for a six-month period, while the $9 billion fund is under MOU to merge with MTAA Super.
“The expertise and understanding of dynamic asset allocation David demonstrated during his time at Mercer, one of the largest investment advisors in the world, will no doubt assist Tasplan in continuing to deliver excellent returns for our members,” said Naomi Edwards, chair of the Tasplan board.
Stuart was a former partner at Mercer and was lead consultant in advising Tasplan. He has over 40 years’ experience in the investment industry.
Former CIO Ian Lundy announced his departure in March 2019.
“Long-term thinker” for new UniSuper chief strategy and marketing officer
UniSuper has appointed Anand Thomas to lead the marketing, strategy, product and digital functions as its new chief strategy and marketing officer
UniSuper’s CEO Kevin O’Sullivan said he is “thrilled to welcome Anand to UniSuper.”
“He brings with him a wealth of commercial experience and is clearly a strategic, long-term thinker who will add enormous value and depth to the leadership team,” said O’Sullivan.
Thomas formerly worked for MLC Life Insurance and chief customer officer, and held several senior positions at NAB. He has over 20 years’ experience in scaling and transforming businesses.
Commonwealth Bank Super’s new CEO
CommBank has internally appointed a new CEO Scott Durbin (pictured, left) to head up their Group Super.
According to the Financial Standard, Durbin spent nine years at Colonial First State, before becoming general manager of strategy and retirement, and was a former non-executive director of CBA Group Super.
Durbin was chosen for his “deep specialist knowledge and experience in superannuation, investments and development of member services,” said a CBA spokesperson.
Scott Durbin will commence his role 6 August 2019.
Outgoing CEO Doug Carmichael (pictured, right) led CBA Group Super since 2010 before retiring in March this year. He will continue in his role as President of the Canadian Australian Chamber of Commerce (CACC).
New board appointments at Club Plus Super
A new chair and deputy chair have been appointed to the board of Club Plus Super (CPS).
• Janet Tourney, chair (pictured, left)
• Steve Whan, deputy chair (pictured, right)
• Susan Weston, member-elected representative
Tourney holds a number of directorships, including Whitehelm Capital, Girl Guides Australia, and Australian Cricketers’ Association. She is also non-executive director of the Australian Reinsurance Pool Corporation. Whan is a former NSW cabinet minister and CEO of the National Irrigators Council.
CPS chief executive Stefan Strano commented: “I greatly look forward to working with our board as we pursue our mission: to support the journey of our members to retire on their own terms.”
Both Tourney and Whan have been trustee directors for CPS since 2015.
Future Super’s new CFO and COO
Future Super, a self-described start up on the superannuation scene has appointed a new CFO this month.
Luke Gensler (pictured, left), who has been progressively working his way up the Future Super ranks since 2015, has now stepped into the role of chief financial officer.
Management has also recently appointed Leigh Dunlop, former HR manager from Herbert Smith Freehills, to chief operating officer at Future Super.
Linda Elkins departs CFS for KPMG
Linda Elkins has departed Colonial First State after seven years as executive general manager.
The senior executive has been appointed partner at KPMG and will lead KPMG’s asset & wealth management practice from 1 October 2019.
“Right now is the most important time for the superannuation and broader financial services industry to embrace transformation and focus on delivering outcomes to members and investors. I am excited to have the opportunity to work for clients with the strength and backing of KPMG to help them navigate these challenges and opportunities,” said Elkins.
Elkins is a director on the board of ASFA.
New CIO for Crescent Wealth
Jason Hazell has been appointed as chief investment officer at socially responsible superannuation fund, Crescent Wealth.
“Jason is a proven performer, a great addition to the Crescent Wealth family, and a strong supporter of our investment ethos,” said Crescent Wealth’s managing director Talal Yassine OAM.
The new role sees Hazell setting the objectives and strategy for ethical and Islamic compliant investments.
Hazell has over 20 years’ experience in investment and funds management having spent eight years at NAB and 10 years with MLC Investment Management, managing Australian and global real estate portfolios.