The soon-to-retire chief executive of QIC, Doug McTaggart, has been appointed to the board of Suncorp.
McTaggart's appointment was announced along with that of Michael Cameron and the resignation from the board of director Paula Dwyer.
Announcing the changes today, Suncorp chairman Ziggy Switkowski said McTaggart and Cameron brought considerable financial markets and business experience to the company.
He pointed out McTaggart's background both with QIC and as Queensland under-treasurer, and Cameron's role as the current managing director of GPT Group and his former roles at the Commonwealth Bank, NAB Wealth Management and MLC.
Switkowski said Ms Dwyer was stepping down from the board to take up a directorship in the financial services industry.
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.