Doug Carmichael has announced his retirement as chief executive of Commonwealth Bank’s Group Super offering, effective from the end of this June.
Carmichael had led the trustee services team in its service of the group super fund as CEO for the past nine years, during which had had assisted in the development and execution of strategies to achieve member satisfaction, fund growth, and member retention.
Commonwealth Bank had already commenced its search for a new CEO.
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.