Rest has appointed its new chief investment officer, who previously served as Qantas Super’s CEO for nearly a decade.
Michael Clancy is set to commence as Rest’s CIO on 11 August 2025, based in Sydney, the super fund announced.
This follows the resignation of its former investment chief Andrew Lill last year, who has since joined legalsuper as its interim CIO earlier March this year.
Rest’s incoming CIO holds more than 25 years of experience in the investment and superannuation industry. Most recently, Clancy served as Qantas Super’s CEO for nearly 10 years, which recently closed its doors as a result of its merger with Australian Retirement Trust (ART).
Prior to this, he spent over 14 years at NAB, including as its executive general manager of investment platforms in the bank’s wealth division.
Vicki Doyle, Rest’s CEO, said Clancy brings a unique blend of investment, strategic, and commercial leadership to his new role.
“We invest on behalf of more than 2 million members, many of whom are decades from retirement. Investing with such a long-term horizon and thinking about the world they will retire into is fundamental to our approach,” Doyle said.
“We aspire to grow our membership and funds under management to deliver even more for members over the next 10 years. Michael is a seasoned investment leader with the expertise to steer our more than 140-strong investment team towards these ambitions.”
Commenting on his own appointment, Clancy said: “It’s an honour to be joining Rest as chief investment officer as the fund moves into its next phase of growth and to lead an investment team with a well-earned reputation for delivering value to members.
“I’m passionate about the role of super in shaping the future for members and enabling them to look forward to a positive and dignified life in retirement.”
The CEO also thanked Rest’s head of listed assets, Kiran Singh, alongside its head of private markets and deputy CIO, Simon Esposito, who both stepped in as interim co-CIOs late last year and will continue doing so until Clancy commences.
“Both Simon and Kiran played a crucial role in ensuring Rest has continued to deliver value for our members, particularly through the volatile market conditions experienced so far this year,” Doyle said.
“I acknowledge and thank them both for their contributions and am delighted Rest’s members will continue to benefit from Kiran and Simon’s extensive experience and abilities in running our listed and private markets functions.”
