UniSuper chair Ian Martin is to retire at the end of 2022 after almost 10 years with the $108 billion fund.
He would be replacing by Mark Armour, a non-executive on the fund since July 2017 and chair of the fund’s investment committee and its technology and projects committee.
Martin had served as chair since July 2017 and had sat on the board since April 2013, having formerly worked as chief executive of BT Financial Group.
Incoming chair Armour was formerly chief executive of Invesco Australia and chief executive of funds management at AXA Australia.
Martin said: “I feel proud to have chaired the fund through the rapidly-evolving market and regulatory environment in the last few years, and in particular the successful transition to full public offer in July 2021.
“I thank my fellow directors and the entire UniSuper team, members and other stakeholders for their support and commitment.”
Armour said: “UniSuper is one of Australia’s leading super funds. It will certainly be an honour to work with my experienced colleagues on the board and our talented executive leadership team to guide this exceptional fund as chair.
“Ian always provided strong strategic direction for the fund, so this transition will be seamless.”
The super fund has appointed Queensland director and super fund executive Brendan O’Farrell to its board as part of its ongoing governance renewal.
The $205 billion super fund has appointed Simon Warner as chief investment officer (CIO) following a global search to replace outgoing Damian Graham.
Industry super fund Rest has appointed an interim head of private markets following the exit of Simon Esposito.
Two former Statewide Super executives have been acquitted of dishonesty charges following a trial in the District Court of South Australia.