The professional development body for superannuation fund executives, the Fund Executives Association Ltd (FEAL), has appointed Jo Townsend and Damian Wills as its new board’s directors, with immediate effect.
At the same time, Robyn Petrou, who has been chair of the FEAL finance committee since 2015, and Debby Blakey stepped down from the FEAL board.
Jane Perry, chair of FEAL, welcomed the new directors and thanked the outgoing directors.
“Jo and Damian were approached to join the board on the basis of their extensive experience and track record in the super and investment space. This depth of experience will see them make a valuable contribution to FEAL and to our professional development and education initiatives,” Perry said.
“Through the COVID-19 pandemic, superannuation has remained central to the financial resilience of many Australians, and an important part of the national agenda. Similarly, in this period of unprecedented change, FEAL has remained important to the executives who serve superannuation fund members.
“The new directors join us to continue to provide professional development and ongoing education that is high quality and easy to access, wherever and however our members may be working.”
Townsend has been also a member of the FEAL finance committee since 2013 and would now become chair of the finance committee.
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.
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.