$26 billion joint venture names chief investment officer
Equip Super and Catholic Super are merging to create one of Australia’s largest profit-for-member superannuation funds. Scott Cameron (pictured, middle), the former chief executive of Computershare in Australia and New Zealand, will head both Equip and Catholic Super in a joint venture that is planned to be operational later in October 2019.
Equip Super chairman Andrew Fairley AM said Cameron’s expertise in bringing diverse businesses together made him the perfect candidate to lead the funds through a new era of change and growth.
Anna Shelley (pictured, right), currently CIO of Catholic Super, has been confirmed as the inaugural CIO for both funds, managing assets and investments under a $26 billion joint venture model. Shelley said she is looking forward to bringing both teams together, with a common vision and strategy to assist the joint venture.
The opportunity to appoint a CIO for both funds was brought forward following the resignation of Equip’s current CIO, Troy Rieck.
Fairley expressed his appreciation for Equip Super’s CEO, Nick Vamvakas (pictured, left), for leading the organisation through a period of significant expansion and exceptional returns for members.
Catholic Super chairman Danny Casey said their acting CEO for 14 months David O’Sullivan had made a remarkable contribution by leading the organisation through a period of transition and reform.
LGIAsuper welcomes new CIO
LGIAsuper has announced Queensland-born Troy Rieck (pictured) as its new chief investment officer (CIO).
CEO Kate Farrar said Rieck brought a wealth of knowledge and experience to the position.
Rieck replaces David Todd, who will be retiring after 15 years with the fund.
Cbus announces three new leaders
Cbus Super has appointed three new executives to its leadership team.
- Long-time Cbus risk chief Wade Martin has become the fund’s first chief risk officer,
- former Equip Super CEO Nicholas Vamvakas will take the reigns as group executive for strategy and growth
- Marianne Walker will join as group executive member and employer experience from Victoria’s Department of Health and Human Services where she has been director of customer support.
Cbus Super CEO David Atkin said he was delighted to see the three new leaders appointed after an extensive nationwide search.
New CEO lands after Spaceship co-founder takes-off
Tech-based super fund and investment platform saw their co-founder depart the business at the end of August. Paul Bennetts who founded the company, and more recently held the chief product officer role, has decided to leave the company.
Andrew Moore (pictured) was confirmed as the new CEO last month after Bennetts stepped down from chief executive in May.
EY’s new partner to focus on funds
EY has appointed Nikki Bentley as partner in the financial services legal team, focusing on the funds sector.
Bentley sits on the executive committee and chair of the regulatory committee of the Alternative Investment Management Association (AIMA) Australia, and is a member of the Australian committee for 100 Women in Finance.
NAB hires a people-person
National Australia Bank has announced KPMG’s Susan Ferrier will be taking the role of group chief people officer.
NAB CEO and chairman-elect Philip Chronican: “To deliver on our strategy and to meet the expectations of our customers and the community, we must have the right culture and right plan in place to build the capability of our people and attract the best talent.”
Chair updates
It’s the post-EOFY reshuffle and there are a number of new board announcements.
Qantas has appointed John Atkin as the new chair, and Lorraine Berends joins him on the board. Atkin is also chair of the Australian Institute of Company Directors (AICD) and Outward Bound Australia. Berends is a former director of ASFA and currently holds a number of senior roles in financial services.
Wayne Kayler-Thomson moves into to the chair of VicSuper, while former chair, Christine Stewart moves to deputy chair.
Roslyn Ramwell has been appointed to First State Super’s board. She also held a previous role as director at ASFA, and has more recently held a number of director roles in the superannuation industry.
AvSuper has appointed Geoff Burgess to the role of director on their board.
“Geoff replaces Andrew Cooke who chose to step down after six years of service to AvSuper, having provided a valuable contribution in the areas of investment governance, risk management, audit and compliance,” said AvSuper chair Ben Firkins.
IQ appoints new head of organisational change and learning
IQ Group has announced the appointment of Noha Salib as head of organisational change and learning, a newly created role within the organisation.
Salib will drive development of change and learning development and build HIQ Learning Services at IQ.
