New chief executive slated for UniSuper
UniSuper chief executive Terry McCredden has announced he will step down as head of the fund later in 2013.
McCredden's five-year contract ends in July although he will stay on until September to facilitate the smooth transition to Stronger Super and a new chief executive, who will be recruited through a specialist sub-committee of the board, according to UniSuper chairman Chris Cuffe.
"Terry has led the organisation with distinction over the past five years, growing its assets under management by around $10 billion; effecting significant changes to the organisation's capability and culture, systems and processes; and responding to a range of challenges, including regulatory change," he said.
Cuffe also commended McCredden for the enhancements to UniSuper's financial planning arm.
Executive search firm Russell Reynolds will partner with UniSuper to conduct the search for a new chief executive.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
With Damian Graham stepping into a new capacity within the $190 billion super fund ahead of his retirement, a global search is set to commence for his replacement.
Cbus has swiftly promoted Leigh Gavin to chief investment officer only months after naming him deputy, as the fund works towards growing in size and bringing its investment expertise in-house.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Loftus Peak Global Disruption Fund Hedged
118.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
75.00 3 y p.a(%)
3
DomaCom DFS Mortgage
67.30 3 y p.a(%)
4
UBS Solactive Global Pure Gold Miners UCITS ETF Dis USD
61.11 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
60.93 3 y p.a(%)
