Rest investment executive takes on product role

Scott Tully has been named general manager for product at Rest after more than a year at the super fund.

In the role, he will lead the fund’s work to enhance and simplify its member product offer, having taken it on in an acting capacity in October 2023.

He first joined Rest in February 2023, leading its investment options team on a six-month contract.

Prior to joining the $80 billion fund, Tully was at Colonial First State for over two decades across a number of investment roles, including executive director for investments and head of investments.  

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Rest’s chief member officer Deborah Potts commented that Tully would bring a “holistic and member-centric approach combining both product and investment perspectives” to the fund.

“Scott is a uniquely talented and experienced superannuation expert. I am confident his expertise and leadership skills will be a fantastic addition to Rest as we work to create simple and easy products and experiences to benefit all members,” she said.

Meanwhile, Tully said he was “thrilled” to continue his work supporting the needs of Rest’s unique membership.

“Rest is unique in the superannuation industry in that it represents more than a million members under 30 and more than a million women. I’m excited to help pursue our mission to provide Rest’s 2 million members with super that they love,” he said.

Tully’s three decades of experience span superannuation, retirement, and investment management, including roles in Mercer, State Bank of NSW, and Commonwealth Bank of Australia.

Rest’s flagship Core Strategy investment option delivered 9.5 per cent for the calendar year 2023.

Strong performances were also observed in its High Growth and Sustainable Growth options that delivered returns of 11.5 per cent and 10.3 per cent, respectively, during that time period.