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.
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.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the institutional channel.