Cbus Super’s chief investment officer, Kristian Fok, has been named chief executive officer, having acted in the role since March 2023.
The fund’s chief member officer, Marianne Walker, has been named deputy CEO.
Fok had been CIO since 2012 where he had led the development and implementation of Cbus’ hybrid internalisation strategy, which saw the management of 38 per cent of the fund’s assets brought in-house and total cumulative costs savings for members of over $500 million.
He was named acting CEO following the retirement of Justin Arter, who had held the role for over two years.
Cbus chair, Wayne Swan, said Fok had put Cbus’ investment team “at the leading edge of pension funds around the world”.
“He innately understands the fund, its heritage, and our connection to the built environment sector,” Swan said.
“Kristian is devoted to the profit-to-member model that underpins industry super funds and the Board looks forward to working with him to continue delivering for members.”
Meanwhile, newly appointed deputy CEO Walker had been a Cbus executive since 2019 and was also the fund’s chief member officer, joining the fund from Victoria’s Department of Health and Human Services.
Swan said: “Likewise, Marianne brings a genuine and no-nonsense member first attitude to her work.
“Administering superannuation funds has increased in complexity as funds have expanded, and Marianne carries a fierce determination to cut through barriers and deliver the best possible services for our 900,000 members, now and into the future.
“She calls a spade a spade and what you see is what you get. Our members and sponsoring organisations appreciate that.”
Additionally, Cbus saw the successful completion of two mergers in the last 15 months: merging with EISS Super in May 2023 and with Media Super in April 2022.
With these mergers, Cbus witnessed a combined inflow of over $10 billion in funds under management and growth in membership of 90,000 Australians.
