AFCA announces new super lead ombudsman
AFCA has announced the appointment of Heather Gray as the lead ombudsman for superannuation, to commence 18 May.
Gray is a highly experienced law firm partner and financial services specialist, whose most recent role was as national superannuation practice leader for Hall & Wilcox. She has also spent more than a decade on the Law Council of Australia’s Superannuation Committee, including a term as its chair.
Gray’s appointment follows the promotion last year of Dr June Smith to the role of deputy chief ombudsman.
State Super announces new board appointment
Lisbeth Rasmussen has been announced as the newest director on the SAS Trustee Corporation board (State Super), commencing her four-year term in March 2020.
Rasmussen is a senior investment professional with more than 30 years’ experience in managing large, complex funds and has held numerous senior roles including CIO, deputy CIO, head of strategy, investment manager, and group economist in Europe and Australia.
For much of her career, Rasmussen has worked with State Super or its predecessors, before retiring as CIO in 2016.
State Super chair Nicholas Johnson said: “Lisbeth Rasmussen is an outstanding investment industry professional. She has been appointed after an extensive search and competitive selection process in which I was closely involved. I am confident that her proven skills will help State Super maintain its superior investment performance and leading Member service standards even in today’s highly challenging Superannuation environment.”
Lisbeth sits as CIO for the Coal Mining Industry (Long Service Leave Funding) Corporation. She is also a former director of Equipsuper and Togethr Trustees, which was formed following the joint venture between Equipsuper and Catholic Super.
Rasmussen said: “I feel very privileged to join the Board of State Super. My new role gives me an opportunity to use my experience of investment markets and knowledge of State Super to serve our members and stakeholders to the best of my ability.
legalsuper appoints independent investment expert
legalsuper has announced the appointment of Dr Joe Fernandes to the role of independent investment expert.
Fernandes has twenty-four years’ experience in senior investment management, executive and advisory roles. Most recently he was managing director of First State Investments in Asia, and a member of the global leadership team of Colonial First State Global Asset Management (CFSGAM). He was previously responsible for the strategic assessment and development of CFSGAM’s suite of investment offers globally.
As a member of legalsuper’s Investment Committee he will work closely with its chief investment officer, Norman Zhang and the internal investment team to offer independent, external advice and support for legalsuper’s overall investment strategy and approach.