The soon-to-retire chief executive of QIC, Doug McTaggart, has been appointed to the board of Suncorp.
McTaggart's appointment was announced along with that of Michael Cameron and the resignation from the board of director Paula Dwyer.
Announcing the changes today, Suncorp chairman Ziggy Switkowski said McTaggart and Cameron brought considerable financial markets and business experience to the company.
He pointed out McTaggart's background both with QIC and as Queensland under-treasurer, and Cameron's role as the current managing director of GPT Group and his former roles at the Commonwealth Bank, NAB Wealth Management and MLC.
Switkowski said Ms Dwyer was stepping down from the board to take up a directorship in the financial services industry.
Australia’s second-largest super fund has confirmed it is expanding its presence in the UK following significant investment in the region.
A member of the super fund has approached ASIC to investigate potentially misleading or deceptive representations by UniSuper regarding the holdings of its sustainable portfolios.
The median growth fund delivered 1.9 per cent in March, adding to the “stunning” rally that has seen super funds gain 11 per cent since November.
Vanguard has affirmed its support for the current super performance test, emphasising the importance of keeping the process straightforward.
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