Computershare chief executive, Scott Cameron has been appointed as the new chief executive of the combined Catholic Super and Equip Super.
The funds announced to that the Scott Cameron had been appointed to head the two funds which were joining forces to create one of Australia’s largest not-for-profit superannuation funds.
The announcement said it would be the first time in Australia that two superannuation funds had concurrently had the same CEO.
It said Cameron would take up his position at the two funds in September, before heading the joint company when it begins operating in October.
Equip Super chairman Andrew Fairley said Cameron’s expertise in bringing diverse businesses together made him the perfect candidate to lead the funds through a new era of change and growth.
He said Cameron had experience of significant acquisitions, growth and expansion and had integrated operations and employees across multiple worksites.
Cameron is Chief Executive of Computershare in Australia and New Zealand, a member of Computershare’s global leadership team and a former partner with Ernst and Young.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
ASIC chair Joe Longo has delivered a blunt warning to superannuation trustees, cautioning that board-level ignorance of member complaints and internal failings will not be tolerated and could trigger enforcement action.
ART has cautioned regulators against imposing overlapping obligations on superannuation funds already operating under APRA’s comprehensive framework, saying that additional oversight should be “carefully targeted to address potential gaps in other parts of the market”.
The super fund has appointed Simone Van Veen as chief member officer.