POWERED BY MOMENTUM MEDIA
Super fund CEO to retire
Justin Arter, chief executive of Cbus Super, is to retire after almost three years.
Arter took over the role in July 2020 and helped the $73 billion fund expand via two major mergers of Media Super and EISS Super.
Cbus said the board had now shifted its attention to organic growth and member retention and Arter would retire in May.
The board had appointed chief investment officer Kristian Fok as interim chief executive as it considered an appointment for a permanent role.
"I’m enormously proud of the strides the fund has taken during my tenure and in recent years Cbus has grown strongly,” Arter said. “The successful mergers we have overseen have strengthened the fund's capacity to invest on behalf of our members and to deliver other important scale benefits for members".
Cbus chair, Wayne Swan, said: "Cbus, under Justin’s leadership, has adroitly navigated two significant mergers, successfully expanding Cbus’ funds under management, membership and industry footprint. Thanks to these successes, we are well placed to continue our journey of growth, with a renewed focus on retaining members and attracting new ones".
Calibri;mso-fareast-theme-font:minor-latin;color:#222222;mso-ansi-language:
EN-AU;mso-fareast-language:EN-US;mso-bidi-language:AR-SA">
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
Australian Ethical has named its new head of equities, who previously spent 12 years at Perpetual.
The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment of a key executive role.
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
