POWERED BY MOMENTUM MEDIA
Media Super CEO steps down
Media Super’s chief executive officer (CEO), Graeme Russell, will step down from his role on 9 April, 2020, after seven years at the helm.
The industry superannuation fund said Russell would continue as a strategic adviser until his retirement on 1 July, 2020.
It said Russell and the board had agreed to a transitional arrangement to help Russell focus on recovery after a recent serious illness.
His position would be filled by chief operation officer, Tony Griffin, who was acting CEO while Russell took time off last year for his illness.
Russell said it had been a great privilege to be CEO of the fund.
"I think it's disappointing that government and the regulators don't understand the important contribution that industry-specific super funds make to their industries, beyond superannuation", he said.
"We're about to see that clearly, as funds like Media Super step-up to support members and companies struggling through the current economic dislocation and job losses.”
Media Super chairperson, Gerard Noonan said Russell’s work was a driving force behind the fund’s “spectacular reversal of investment performance in recent years”.
"With Media Super's small investment team and supported by our Board, Graeme has been instrumental in single-mindedly recommending strategies - and executing them - to push our performance into the winner's circle," Noonan said.
"Graeme is now well into recovery but has decided to ease back on work commitments."
Recommended for you
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
