QIC has announced the appointment of David Usasz and Grant Murdoch to its board of directors.
Commenting on their appointment, QIC chairman Peter Young AM said Usasz and Murdoch are well respected in the business community. Their commercial insight and extensive experience would be an asset to the company.
Usasz has more than 30 years' experience in financial services, having served as a partner at PricewaterhouseCoopers between 1987 and 2007. He was also a registered tax agent for more than 25 years and worked extensively with Japanese and Chinese investors in Australia.
Murdoch has over 37 years of chartered accountancy experience, and for the last eight years headed the corporate finance team for Ernst & Young Queensland. He has been the Ernst & Young transaction advisory services Brisbane leader since April 2004, including leading the engagement team in the recent $3 billion sale of Queensland Motorways and Golden Casket.
Australia’s largest super funds have deepened private markets exposure, scaled internal investment capability, and balanced liquidity as competition and consolidation intensify.
The ATO has revealed nearly $19 billion in lost and unclaimed super, urging over 7 million Australians to reclaim their savings.
The industry super fund has launched a new digital experience designed to make retirement preparation simpler and more personalised for its members.
A hold in the cash rate during the upcoming November monetary policy meeting appears to now be a certainty off the back of skyrocketing inflation during the September quarter.