Sunsuper Corporate aims for $1.5b

10 May 2007
| By Mike |

Queensland-based Sunsuper has signalled that it intends to maintain its aggressive approach towards growing its corporate superannuation offering, predicting that it will reach $1.5 billion by the end of the financial year.

The prediction came as Sunsuper announced it was beefing up its presence in the southern states with the appointment of a Victorian business manager, Diana Hale, who would be based in Melbourne.

Sunsuper manager, member and employer services, Ralph Collins said Sunsuper’s corporate superannuation offering had grown by 123 per cent in 2005 to reach $1 billion in assets.

“It is further expected to reach $1.5 billion by the end of this financial year,” he said.

Collins said Hale, who has previously worked at Rice Walker Actuaries and Plum Financial, would be integral to growing the business.

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