POWERED BY MOMENTUM MEDIA
Vision Super chair steps down
The chair of Vision Super has departed the fund to become a senator for Victoria.
Darmanin has been chair for the last three years and notably was the first woman to take the role for the fund.
She first joined as a director in March 2018 as a member representative nominated by the Australian Services Union – Victorian and Tasmanian Authorities and Services Branch (ASU).
Prior to this, she was a trustee director of HESTA from 2013–17.
Darmanin departs the fund to join the Australian Senate after the recent passing of senator Linda White following a brief illness.
A member of the Australian Labor Party, Darmanin has previously spent time seconded to various roles including in the Victorian Department of Premier and Cabinet, worked on Victorian government initiatives in gender equality and family violence prevention, and Victorian Trades Hall Council, where she coordinated the Your Rights at Work campaign in Victoria in 2006.
She will now be succeeded by Graham Sherry, who has been with Vision Super since 2012.
Earlier this month, the fund announced it has signed a successor fund transfer deed (SFT) with Active Super, announcing a merger date of 1 March 2025.
With Vision Super set to be the successor fund, the new entity will hold some $29 billion in funds under management and 170,000 member accounts.
The merger was first discussed between the two funds in June 2022 and a heads of agreement was signed between the two funds a year later.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist at Money Management and Super Review, with a focus on financial advice, investments, funds management, and superannuation. 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.
Recommended for you
He joins the investment team as a director after a career break.
State Street has been chosen as custodian and administrator of a $30 billion super fund.
Equip Super has introduced personalised retirement support services to accompany its existing retirement income options.
The executive has taken up a new role as investment manager.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI First Close USD
66.99 3 y p.a(%)
2
Hills International
66.93 3 y p.a(%)
3
Lazard Global Listed Infrastructure W AUD
62.85 3 y p.a(%)
4
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
32.15 3 y p.a(%)
5
Acadian Global Equity Long Short Class A
30.61 3 y p.a(%)
Add new comment