Fund People as at 30 July 2019

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New Appointments

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IOOF updates CRO role, makes appointment
The chief risk officer (CRO) role at IOOF has been redefined and Amanda Noble has been appointed to the position. Noble has been the acting CRO since May, replacing Ian Lancaster who moved on to ESSSuper in a management role for trustee services.

A restructure of senior management is in its infancy under the direction of the new chief executive Renato Mota. The Australian Prudential Regulatory Authority (APRA) is taking action against IOOF, looking to impose licence conditions and disqualify some executives.

Credit Suisse appoints new Australian CEO
Richard Gibb is leading Credit Suisse’s Australian franchise over capital markets and investment banking, private banking, and markets and financing, replacing outgoing chief executive John Knox. Gibb is Deutsche Bank’s former head of corporate finance in the Asia Pacific region.

Willis Towers Watson welcomes head of investment strategy
Jessica Melville has been promoted to head of strategic advisory, investments, at Willis Towers Watson. Melville joined the company in 2008 as an analyst.

Club Plus Super welcomes new chair, deputy chair and board member
Janet Torney is Club Plus Super’s new chair, while Steve Whan is the new deputy chair. Torney, a trustee director of the industry fund since 2015 and deputy chair since 2016, replaces Tara Moriarty, who is moving on to the New South Wales legislative council. Torney sits on various boards, including the Girl Guides, Whitehelm Capital, the Australian Reinsurance Pool, and Techfront Australia.

Whan has been a Club Plus Super trustee director since 2015, and is the current chief executive of the National Irrigators Council and a former NSW cabinet minister overseeing rural water and tourism, amongst others.

Susan Weston has also been appointed to the board as a member-elected representative. Weston has a background in union leadership and employee relations.

Tasplan appoints CIO
David Stuart is now Tasplan’s chief investment officer (CIO). Stuart is a former Mercer executive with over four decades’ experience in the industry. Stuart replaces Ian Lundy.

CBA Group Super welcomes new CEO
Scott Durbin is to move into the Commonwealth Bank Group Super chief executive role in August 2019, moving from CBA’s NewCo as general manager of strategy.

HESTA appoints head of investment execution
Gerard Brown has filled the newly-created position at HESTA of head of investment execution. The role involves overseeing the investment team in the mid-back-office, creating a bridge between execution and investment management to improve the strength of the internal investment team. Brown moves across from a programme director role at BNP Paribas.

UniSuper hires chief strategy and marketing officer
Anand Thomas has been appointed to UniSuper as chief strategy and marketing officer, after moving across from MLC Life as a chief customer officer. The appointment comes after UniSuper announced an organisational restructure to position the industry super fund for the new regulatory future and changing competition. A chief commercial officer and chief operating officer are also planned.

REI Super appoints new CEO
Mal Smith is being replaced at REI Super by Jarrod Coysh after 15 years in the lead role. Coysh moves across from Cbus where he was a group executive.

QSuper welcomes CIO
Charles Woodhouse is set to take over as the new chief investment officer at QSuper, from a fund head role at the superannuation fund. Woodhouse replaces Brad Holzberger, who was appointed as interim chief investment officer in 2008, taking on the permanent position the following year.