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Prime Super announces revamped leadership team
Prime Super has announced new additions to its executive team, explaining the retirement of two long-serving executives has presented an opportunity to consider operations and avenues for future growth.
The fund is set to bid farewell to chief operating and chief financial officer, Remo Memmolo, and Mark Ashburn, general manager for distribution.
With Memmolo’s departure, Prime Super has promoted Ning Yang to general manager, finance and Jeremy Johnson to general manager, operations.
Yang has been with the fund since 2018, having joined as a finance manager, and was subsequently promoted to senior finance manager in 2021. Prior to Prime Super, she spent over a decade at ESSSuper across various finance roles.
Meanwhile, Johnson has been with Prime Super for over three years. He came on board a risk manager in 2021 and moved to the head of operational risk and governance role two years later.
The fund confirmed that, following Ashburn’s retirement, it has now brought together its member and employer servicing team under one umbrella. The team will be led by Tim Michell-Adams as general manager, member growth and propositions.
Mitchell-Adams brings over three decades of experience in superannuation, wealth management, and investments to the role. He was previously chief growth officer at HESTA and has held roles at AMP, AXA Australia, and Asgard Capital Management.
Prime Super has also welcomed three new general managers to the leadership team.
Michael McQueen has joined the fund as general manager, investments, tasked with leading Prime Super’s investment manager and operations across all investment options. He was head of investment strategy at LUCRF Super for a year and a half and was chief investment officer at Media Super prior to its merger with Cbus in April 2022.
Superannuation law specialist Luke Hooper has been named general manager, legal and governance. With over 20 years of experience in the field of superannuation and investment law, he has acted for a range of industry-based, government and corporate super fund trustees, as well as managed investment schemes and financial service providers.
Robert Babb has been appointed general manager, risk and compliance. He brings a proven track record in managing risk, compliance and governance across a broad spectrum of regulated industries, particularly in financial services, to the fund.
Prime Super chief executive, Raelene Seales, described the appointments as an “exciting time” for the $7.5 billion fund.
“It’s a pleasure to recognise the talent within the fund and be able to provide them opportunities within the executive team. We also welcome new talent to the organisation and are excited to benefit from the collective experience and calibre of this strong executive team as we head towards our next phase of growth.
“We look forward to working together to help our members achieve their retirement goals.”
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
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