Former APRA deputy chair joins ART board

21 March 2024
| By Rhea Nath |
image
image
expand image

Australian Retirement Trust (ART) has announced two new board appointments, welcoming Helen Rowell and Dr Martin Parkinson as new independent directors effective April 2024.

Rowell is former deputy chair at the Australian Prudential Regulation Authority (APRA), who stepped down at the end of June 2023 after more than 21 years at the prudential regulator.

In this role, she oversaw the introduction of APRA’s superannuation heatmaps, which published its inaugural results in late 2021.

Rowell’s résumé also includes more than six years as a member of Chief Executive Women (CEW) and one year as president of the Actuaries Institute.

Meanwhile, Parkinson is a former board member of the Reserve Bank of Australia (RBA) and has previously served as secretary of the Department of the Prime Minister and Cabinet, secretary to the Australian Treasury, and inaugural secretary of the Department of Climate Change. He is currently the chancellor of Macquarie University.

“The appointments of Helen and Martin are outstanding additions to the ART board, and further strengthen our expertise in a wide range of areas, including climate risk management, cyber security, insurance and governance,” said ART chair Andrew Fraser.

“Our fund is growing every day, now looking after more than $280 billion worth of retirement savings for our members. Helen and Martin bring exceptional and deep national and international experience to our board, and I look forward to working with them as we steward the fund on behalf of our more than 2.3 million members.”

The board appointments replace vacancies that arise from the departure of Georgina Williams and Michael Traill, who chose not renominate.

Thanking them for their service, Fraser noted they had both been valued members of ART and, prior to the merger in 2022, of Sunsuper.

“I want to thank them for their work, for their support as colleagues, and for their role in helping make the merger a reality,” he said.

Additionally, as part of the planned changes to board composition, former Future Fund managing director Mark Burgess, who joined the board of ART last year, has been appointed chair of the ART investment committee.
 

Read more about:

AUTHOR

Add new comment

The content of this field is kept private and will not be shown publicly.

Recommended for you

sidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

3 months ago
Kevin Gorman

Super director remuneration ...

3 months 1 week ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

3 months 1 week ago

The $36 billion fund has announced the appointment of an experienced public sector executive leader....

2 days 20 hours hence

As the discourse pivots to how members live post-retirement, super fund leaders agree they are in contest for the “best possible reasons”....

2 days 20 hours hence

The $300 billion fund has announced the development of a new flexible lifetime income option in partnership with TAL....

1 day 3 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND