HOSTPLUS chief executive David Elia has been elected to the board of the Association of Superannuation Funds of Australia (ASFA) to represent industry funds.
The election took place at ASFA's annual general meeting last week.
ASFA chief executive Pauline Vamos said departing board member and Cbus chief executive David Atkin had made an invaluable contribution.
"The board has greatly benefitted from his leadership, particularly during this historic time of reform," Vamos said.
Sunsuper chief executive Tony Lally was re-elected to the chair of the ASFA board for another 12 months at the board meeting that followed.
A major super fund has defended its use of private markets in a submission to ASIC, asserting that appropriate governance and information-sharing practices are present in both public and private markets.
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.