The former chairman of ColonialFirstState and chief executive of Challenger Financial Service’s wealth management division, Chris Cuffe, has joined the board of industry fund Unisuper.
Unisuper this week announced the appointment of Cuff along with another new board member, former chief investment officer with AMP Capital Investors Mervyn Peacock.
The superannuation fund said the two men joined the board as independent directors, with Peacock becoming chair of the board’s investment committee.
The two appointments see the Unisuper board expand by 11 members, and bring the number of independent directors to three.
Unisuper said the expansion was intended to deepen the mix of commercial skills and experience available to the fund.
The super fund has significantly grown its membership following the inclusion of Zurich’s OneCare Super policyholders.
Super balances have continued to rise in August, with research showing Australian funds have maintained strong momentum, delivering steady gains for members.
Australian Retirement Trust and State Street Investment Management have entered a partnership to deliver global investment insights and practice strategies to Australian advisers.
CPA Australia is pressing the federal government to impose stricter rules on the naming and marketing of managed investment and superannuation products that claim to be “sustainable”, “ethical”, or “responsible”, warning that vague or untested claims are leaving investors exposed.