POWERED BY MOMENTUM MEDIA
MTAA CEO Michael Delaney to retire
The Motor Trades Association of Australia (MTAA) superannuation fund has announced a restructure of its board and the retirement of chief executive Michael Delaney, amid controversy about the fund's governance and regulation.
A new chief executive will be considered, appointed and in place later this year, with Delaney to retire in November, the fund stated.
The new board will change from its current composition of four employer nominated representatives, four member nominated representatives and one independent chair to a 3:3:3 composition, including three independent directors, the fund stated.
To facilitate the move, long serving directors Bob Allen (an employer nominated representative) and Mark Perica (a member nominated representative) will retire at the end of their current appointments in November.
The changes have the approval of the Australian Prudential Regulation Authority, according to MTAA.
Delaney was the founding chief executive of MTAA, and has headed up the fund for the past 22 years.
Recommended for you
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
53.24 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
43.15 3 y p.a(%)
4
DomaCom Shoreline North Coogee
36.26 3 y p.a(%)
5
GAM LSA Private Shares AU I
35.87 3 y p.a(%)
