Michael Dwyer joins TCorp board

Former First State Super chief executive and last year’s Super Review Lifetime Achiever, Michael Dwyer, has been appointed to TCorp’s board.

Dwyer would replace Dr Kerry Schott at the investment and financial management partner of the New South Wales public sector, following her retirement earlier this year.

Dwyer would bring his 14 years’ chief executive experience at First State to the role, as which he oversaw the fund’s transition from a $9 billion fund to a serious player in the superannuation space with $90 billion in funds under management (FUM).

TCorp’s FUM had also undergone significant growth recently, increasing by 40 per cent to $105 billion over the last three years.

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“Michael is an outstanding addition to the TCorp board. He has vast experience in investments and superannuation and has a strong understanding of government,” TCorp chief executive, David Deverall, said of Dwyer’s appointment.

 “Michael will also bring deep insights to the board on a range of topics, including but not limited to investment, organisation, culture and transformational change - areas that were critical to the success of his leadership at First State Super”.