First State Super appoints Michael Cole to investment committee

First State Super has appointed Michael Cole to the investment committee of First State Super Trustee Corporation, marking the first time a non-trustee has been given such a position.

First State Super chairman Neil Cochrane said Cole’s extensive experience in the investment and finance sectors, along with his background in government, will be of immense value to the committee, which oversees $90 billion in retirement savings.

Cole will maintain his current positions as chair of Ironbark Capital and chair of Platinum Asset Management.

“Michael’s reputation, his record of service and his ongoing commitment to regional communities and education make him an ideal addition to our investment committee. We are looking forward to working with Michael and drawing on his considerable knowledge and experience to guide our investment governance process,” Cochrane said.

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Commenting on his appointment, Cole said he looked forward to contributing to the further growth of the portfolio and supporting First State Super’s investment framework.

“The fund has established a strong investment team and has financed a range of important projects which will provide enduring benefits to members and the wider economy,” he said.