The Australian Institute of Superannuation Trustees (AIST) has announced the appointment of former Federal Treasurer and deputy prime minister Wayne Swan to its board.
Swan was also chair of Cbus Super and filled the trustee-elected director vacancy which had been left by Sonya Beyers from BUSS (Queensland).
It had also appointed Sarah Adams, group executive strategy for reputation and corporate affairs at Australian Super. Adams was filling the staff-elected vacancy, formerly held by her AustralianSuper colleague Louise du Pre-Alba.
Both appointments were effective from 1 April.
AIST president, Catherine Bolger, said: “It’s a privilege to welcome two more high calibre directors to our Board as we continue to navigate the organisation through the challenges of a world impacted by the pandemic while continuing to set it up for success in the future”.
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.
Bravura CEO Andrew Russell has announced he will be stepping down from the company, just under two years after his appointment.
The $16 billion fund has teamed up with a retirement income product specialist to give its members more confidence to spend in retirement.
The super fund-owned institutional investment manager has appointed an internal candidate as its next head of operations.