Former UniSuper executive Chris Davies has been appointed chief executive of Telstra Super as the $13 billion-plus corporate superannuation fund unveils its new member direct platform.
Previously executive manager, member and employer solutions at UniSuper, Davies will fill the space left by Martin Crowe who announced his retirement earlier in the year.
The fund also announced the launch of its member direct option developed in conjunction with UBS.
It gives members access to term deposits through ME Bank, NAB and RaboDirect, with holdings managed by ANZ at higher than standard rates and online trading access to the local market.
Telstra Super acting chief executive Paul Curtin said it was the next phase in the fund's ongoing product development strategy.
The super fund announced that Gregory has been appointed to its executive leadership team, taking on the fresh role of chief advice officer.
The deputy governor has warned that, as super funds’ overseas assets grow and liquidity risks rise, they will need to expand their FX hedge books to manage currency exposure effectively.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.