JANA Investment Advisers has appointed Mike Plant as principal, implemented consulting.
In his new role, Plant will be responsible for the integration of the group’s research into its platform, platform development and client relationship management.
Plant will report to JANA head of investment solutions Jim Lamborn.
Plant makes the move to JANA from Mercer Human Resources Consulting, where he acted as national administration manager, standalone superannuation funds.
In this role, Plant was responsible for administering 62 major corporate super funds and master funds with more than 220,000 members, according to a statement from JANA.
The group also commented on the performance of its implemented consulting service, stating that both its moderate and conservative options had outperformed their benchmarks over three and five year periods.
The JANA moderate option returned -5.2 per cent for the 12 months to June 30, 2008, compared to the Chant West Implemented Consulting Growth Fund Median of -10.2 per cent, while the group’s conservative option outperformed the Chant West Implemented Consulting Conservative Growth Median by 6 per cent.
Data from Chant West reinforced on Friday that super funds finished April in positive territory despite ‘Liberation Day’-driven market turmoil.
Australia’s superannuation leaders gathered in Melbourne on Thursday for a closed-door forum tackling the escalating impact of artificial intelligence and shifting retirement income models on the sector.
The Treasurer has shown no signs of wavering on the construction of the controversial tax, while Liberal senator Jane Hume has urged the new economics team to “speak sense” to Jim Chalmers.
Volatile markets driven by shifting US tariff policy failed to rattle Australia’s superannuation system in April, with balanced options inching upward.