Auscoal Superannuation strategic project manager, Col McGuinness is to leave his position at the fund early next month.
McGuinness, who has been with Auscoal for more than six years, confirmed his departure to Super Review this week saying that after a number of years of travel to and from the Warners Bay-based position it was time for a change.
McGuiness has a long track-record in the superannuation industry having been chief executive at NGS Super for four years prior to joining Auscoal and having worked within both AMIST and Primary Super.
The super fund announced that Gregory has been appointed to its executive leadership team, taking on the fresh role of chief advice officer.
The deputy governor has warned that, as super funds’ overseas assets grow and liquidity risks rise, they will need to expand their FX hedge books to manage currency exposure effectively.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.