The Association of Superannuation Funds of Australia (ASFA) has appointed two new directors to its board, after having completed its annual board nomination and election process.
General manager of MLC Masterkey, Dean Thomas, and chief executive officer of Telstra Super, Martin Crowe, have joined the board as representatives of the retail sector and corporate funds respectively.
ASFA chief, Pauline Vamos, said the 10 board members reflected ASFA's five membership categories: industry funds, public sector, service providers, retail sector and corporate funds.
The new ASFA board is now comprised of the following members: Sunsuper chief Tony Lally and Cbus chief David Atkin, representing industry funds; Michael Dwyer - chief executive officer of First State Super and Brad Holzberger - chief executive officer of QSuper, representing the public sector; service providers Jim Minto (managing director of TAL Limited) and Peter Beck (Pillar Administration chief executive officer); Dean Thomas and Colonial First State Investments general manager strategy, Nicolette Rubinsztein representing the retail sector; and Martin Crowe and Harwood Superannuation Fund chief Roslyn Ramwell from corporate funds.
"ASFA will have significant challenges over the next 12 months dealing with Stronger Super implementation but also dealing with policy development issues around post-retirement and other economic and social policy issues," Vamos said.
"ASFA would also like to take this opportunity and to give very special thanks to board members that retired today - Jane Paskin of Clayton Utz and Janet Torney of QANTAS Superannuation," Vamos added.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.
Rest has joined forces with alternative asset manager Blue Owl Capital, co-investing in a real estate trust, with the aim of capitalising on systemic changes in debt financing.
The Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.