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 Future Fund’s CIO Ben Samild has announced his resignation, with his deputy to assume the role of interim CIO.
The fund has unveiled reforms to streamline death benefit payments, cut processing times, and reduce complexity.
A ratings firm has placed more prominence on governance in its fund ratings, highlighting that it’s not just about how much money a fund makes today, but whether the people running it are trustworthy, disciplined, and able to deliver for members in the future.
AMP has reached an agreement in principle to settle a landmark class action over fees charged to members of its superannuation funds, with $120 million earmarked for affected members.