Former federal minister John Dawkins has been appointed to the board of big building industry super funds Cbus as an independent director.
Dawkins was Trade minister in the Hawke Labor Government.
Announcing Dawkins' appointment, Cbus chief executive David Atkin said the role of independent director brought a unique perspective to activities of the board, while acting in the best interests of Cbus' 655,000 members and 76,000 employers.
Atkin noted Dawkins' depth of experience in the financial services sector, particularly as a director at Sealcorp Holdings (now Asgard Wealth Solutions), and as chairman of Elders Rural Bank.
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.