GESB has appointed John Langoulant and Scott Ellis to the board as employer directors, each for a period of three years effective from 31 October.
Langoulant has more than 35 years experience in government and the private sector and is a former Under-Treasurer of Western Australia. He is the chief executive of Oakajee Port and Rail and was previously chief executive at Australian Capital Equity and the Chamber of Commerce and Industry of Western Australia.
GESB chairman Phil Harvey said “he brings a thorough and complementary understanding of the public sector superannuation system to the board”.
Ellis is a barrister at Francis Burt Chambers specialising in commercial litigation and alternative dispute resolution and has worked with the Superannuation Complaints Tribunal since 2005. He is also a Senior Sessional Member of the State Administrative Tribunal.
Ellis is a Chartered Arbitrator and Fellow of the Chartered Institute of Arbitrators and a National Councillor of the Institute of Arbitrators and Mediators Australia.
“On behalf of the board, I welcome them and look forward to their contribution,” Harvey said.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.
The super fund has urged reform of the superannuation performance test to support investment in housing, clean energy, and emerging local industries.
Morningstar expects the Reserve Bank will still make around three cuts in this cycle, bringing the cash rate to a neutral level of around 3 per cent.
Economists have tipped inflation to ease further, but any upside surprise in the June quarter CPI could derail the Reserve Bank’s plans.