UniSuper chief executive Terry McCredden has announced he will step down as head of the fund later in 2013.
McCredden's five-year contract ends in July although he will stay on until September to facilitate the smooth transition to Stronger Super and a new chief executive, who will be recruited through a specialist sub-committee of the board, according to UniSuper chairman Chris Cuffe.
"Terry has led the organisation with distinction over the past five years, growing its assets under management by around $10 billion; effecting significant changes to the organisation's capability and culture, systems and processes; and responding to a range of challenges, including regulatory change," he said.
Cuffe also commended McCredden for the enhancements to UniSuper's financial planning arm.
Executive search firm Russell Reynolds will partner with UniSuper to conduct the search for a new chief executive.
The $170 billion fund has announced an internal promotion to the newly created role.
Blue Owl Capital, a US asset manager with its eye on ‘marquee investors’ like super funds, has announced the appointment of a senior Future Fund executive as its newest managing director.
The Association of Superannuation Funds of Australia has appointed a new director representing industry funds, among a number of other appointments in recent months.
The Association of Superannuation Funds of Australia has tapped an experienced public policy executive as head of policy and advocacy.
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