A former Irish Olympian, Tony Lally, has been appointed to head up big Queensland-based superannuation fund Sunsuper, replacing long-serving chief executive Don Luke.
The fund announced this week that Lally would be succeeding Luke from the beginning of May after recently returning from Japan, where he set up and led Deloitte’s actuarial consulting business.
Prior to working with Deloitte in Japan, Lally was head of retail, Asia Pacific, for Deutsche Asset Management in Tokyo.
The super fund has significantly grown its membership following the inclusion of Zurich’s OneCare Super policyholders.
Super balances have continued to rise in August, with research showing Australian funds have maintained strong momentum, delivering steady gains for members.
Australian Retirement Trust and State Street Investment Management have entered a partnership to deliver global investment insights and practice strategies to Australian advisers.
CPA Australia is pressing the federal government to impose stricter rules on the naming and marketing of managed investment and superannuation products that claim to be “sustainable”, “ethical”, or “responsible”, warning that vague or untested claims are leaving investors exposed.