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.
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month.
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super funds to better engage with members on their retirement journey.
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
Add new comment