REST appoints three to board committee

Retail employee industry superannuation fund REST has appointed Michael Bargholz, Deep Kapur and Anne Anderson to its five-person board investment committee.

Bargholz’s and Kapur’s appointments were effective from 1 September, 2020, while Anderson’s was effective from 9 October.

Bargholz was most recently chief executive – Australia with investment manager Pendal Group from 2016 to 2018.

Before that, he held various executive positions at Fidelity International as managing director, and chief executive at Alliance Bernstein.

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Kapur is a professor of practice with the Monash Business School, a member of the school executive committee, and concurrently director of the Monash Centre for Financial Studies.

He had over 28 years’ experience in the investment industry including senior roles with Salomon Smith Barney, Citigroup Global Markets and Daiwa Capital Markets.

Anderson had over 35 years’ experience in financial markets and was most recently managing director, and head of fixed income and investment solutions – Australia at UBS Asset Management.

She joined UBS is 1993 and before that had spent 10 years in other finance and corporate treasury roles.

She had served as a member of the Australian Office of Financial Management with the Commonwealth Treasury Advisory Board and was current chair of St Joseph’s College Foundation.

Ken Marshman, chair of the Rest board, said: “The appointment of three eminent investment experts to the Board Investment Committee is part of the overall redesign of the investment governance structure, which complements the recent appointment of Mr Andrew Lill as Rest’s chief investment officer”.  

The appointments followed the departure of John Nolan on 30 September, 2020, after more than 30 years’ service advising or contributing as a member of Rest’s Investment Committee.

 “I wish to thank Mr Nolan for his enormous contribution over many years as a key member of the Investment Committee,” Marshman said.