POWERED BY MOMENTUM MEDIA
Telstra Super CEO to step down
Telstra Super chief executive Martin Crowe has announced his intention to step down from his role at the end of August.
Crowe was appointed the fund's chief financial officer in 2000 before being promoted to company secretary in 2003 and then chief executive in August 2008.
"My time at Telstra Super has coincided with enormous change at Australia's largest corporate super fund and a period of significant transformation within the superannuation industry.
"After 41 years in the workforce I am looking forward to winding down and spending more time with my wife and our extended families in Australia and Ireland," he said.
Telstra Super chairman David Leggo said Crowe had been a big contributor to not only the fund, but also the super industry.
"As chief executive, Mr Crowe has led the fund through a phase of sustained product development and exceptional investment performance," he said.
The corporate fund rolled out a new health insurance offer in 2011 and new investment options in 2012.
Telstra Super plans to launch a new direct investment option for ASX300 shares and term deposits on 1 July, and its MySuper application has also been lodged.
Crowe has been on the board of the Association of Superannuation Funds of Australia since November 2011.
"Martin leaves Telstra Super with our best wishes and our appreciation for guiding the fund through a significant period of internal and external change and he leaves the fund well placed to meet the challenges of the new environment," Leggo said.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
The industry body has cautioned the government against implementing unnecessary regulations for private market investments, with ASIC currently exploring reforms in this space.
The industry fund has appointed Natalie Alford as its new chief risk officer, strengthening its executive team during a period of transformation.
The Super Members Council has outlined a bold reform plan to boost productivity, lift retirement savings, and unlock super’s full potential.
Women beginning their careers in 2025 could retire with hundreds of thousands of dollars more in super due to the 12 per cent super guarantee rate, HESTA modelling shows.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
