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Murphy’s departure was confirmed by Christian Super chairman, Neville Cox who paid credit to his work citing the fund’s growth under leadership.
Cox said the board was preparing to begin a recruitment process to find a permanent replacement for Murphy but that, in the meantime, the existing executive team would manage the day to day responsibilities until a new CEO was appointed.
Cox said that he, as chairman, would be the key point of representation for all external parties.
Australia’s largest super funds have deepened private markets exposure, scaled internal investment capability, and balanced liquidity as competition and consolidation intensify.
The ATO has revealed nearly $19 billion in lost and unclaimed super, urging over 7 million Australians to reclaim their savings.
The industry super fund has launched a new digital experience designed to make retirement preparation simpler and more personalised for its members.
A hold in the cash rate during the upcoming November monetary policy meeting appears to now be a certainty off the back of skyrocketing inflation during the September quarter.