ASFA appoints new CEO

The Association of Superannuation Funds of Australia (ASFA) has appointed Dr. Martin Fahy as its chief executive, effective 1 November.

Fahy was currently a partner at management consultancy, KPMG, where he worked with clients across the financial services and other sectors to drive transformational change.

His role at KPMG saw him work with investment banks, wealth management organisations, superannuation funds, and service providers to the super industry.

From 2007 to 2011, Fahy was CEO at Finsia where he led the organisation's transformation post the sale of its education business.

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Commenting on the appointment, ASFA chair, Dr. Michael Easson, said: "Martin has a deep understanding of the issues and challenges facing the superannuation industry and will bring the considered, evidence-based policy insights that can help shape the long-term success of superannuation in Australia".

"Martin will lead ASFA into its next period of growth, expanding its role in supporting robust policy debate, and raising capability across the sector," Easson said.

Interim CEO, Jim Minto, will continue until Fahy commences his new role.

"The Board and I would like to thank Jim for stepping in during this interim period. We could not have asked for a better person to ensure a seamless transition during such a critical time for superannuation," Easson said.

Fahy succeeds Pauline Vamos who stepped down in July after nine years as CEO.