Local government superannuation fund, Active Super, has appointed Nathan Hagarty to the board of directors as an employer-nominated director, effective 5 December, 2021.
Hagarty would fill the board seat left vacant by Domenico Figliomeni whose four-year term had come to an end.
Hagarty would continue his roles as councillor of Liverpool City Council, chair of the Western Sydney Migrant Resource Centre, director of Settlement Services International and chief of staff for federal MP Anne Stanley. He had also held various information technology roles throughout his career.
Active Super chair, Kyle Loades, said: “Nathan has a well-rounded wealth of experience that he brings to the Active Super board.
“Nathan’s strategic mindset and commercial acumen – refined by his time working in IT software and hardware – are further complemented by his experience working in local and federal government.
“Active Super has a proud heritage of working closely with local government and local communities, and Nathan’s appointment further enhances that history given his work at the grassroots level.
“He has an understanding and compassion for the local communities in which we operate by engaging with the migrant communities of western Sydney.”
Loades paid tribute to Figliomeni who chaired the governance, remuneration and nomination committee during a period of significant governance and regulatory change.
“With his solid background as a chief executive, Dom’s strengths lay in his finance and operational experience, strategy and business planning skills, and his understanding of conflict and crisis management,” Loades said.
“Dom also made a tremendous contribution during his tenure on the investment committee where he was able to leverage his broad knowledge and experience when it came to investment matters.”
Hagarty was the second employer nominee to the Active Super board this year following the appointment of Declan Clausen in March.
The fund has hired a former ART executive as its new head of group strategy.
The sovereign wealth fund has revealed six internal hires to support the execution of key strategies.
The fund has announced the departure of a second senior executive in as many months, with its chief member officer to finish up mid-December.
The $89 billion fund has announced a new leadership role within its private markets team.