Super fund announces CFO hire

Australia's largest super fund has announced its new chief financial officer as the fund prepares for its next phase of growth.

AustralianSuper has appointed Jessica Chen as its new chief financial officer as the fund prepares for continued growth and a refreshed executive structure.

Chen joins the fund with two decades of financial services experience and has served as chief financial officer for five businesses across the banking and insurance sectors. 

She most recently held the role of general manager, financial performance at QBE, and previously spent nearly 10 years at Westpac in several senior roles, including chief financial officer for the bank’s cash and transactional banking and insurance businesses.

Chen, who starts in December, said she is looking forward to joining the country’s largest superannuation fund. 

“AustralianSuper is a significant global investor and I am excited to join a team focused on helping 3.6 million members achieve their best financial position in retirement.

“As the fund grows, I am looking forward to bringing my knowledge and experience to help the team continue to be a leader in the financial services sector in Australia," she said. 

AustralianSuper chief executive Paul Schroder welcomed Chen’s appointment, who stated: “We are delighted to have Jessica join the Fund as Chief Financial Officer. This role is pivotal as AustralianSuper grows to a $1 trillion Fund serving five million Australians. Jessica’s experience and skill will position us strongly for the future.”

Her appointment follows recent changes to AustralianSuper’s executive structure aimed at boosting innovation and member outcomes. 

These changes include establishing a new chief platforms officer to lead technology, digital and data services, and elevating the chief financial officer role to the executive leadership team from early 2026.