Ex-REST CEO to head Commonwealth Superannuation Corporation

5 June 2020
| By Jassmyn |
image
image
expand image

Former REST chief executive, Damian Hill, has been appointed as the new CEO of Commonwealth Superannuation Corporation (CSC) and will start in the role in July.

CSC board chair, Patricia Cross, said Hill brought depth of experience and knowledge to CSC and that his “particular customer focus” would complement the initiatives the fund had implemented over the years.

Hill said: “I am really looking forward to working at CSC. It is responsible for both defined benefit and defined contribution super schemes, and there will be significant challenges in every aspect of managing a large complex organisation like CSC.

“CSC is both an APRA and ASIC regulated organisation, and has responsibilities and accountabilities to the Government and Federal Parliament as a statutory corporation.

“There is a unique dynamic with this organisation, delivering retirement outcomes for members of the Australian Public Service and the Australian Defence Force.”

The appointment follows current CEO Peter Carrigy-Ryan’s retirement who was the inaugural CEO of the fund since 2011.

Commenting on Carrigy-Ryan’s departure, Cross said: “The board of CSC and I thank Peter for his extraordinary contribution to CSC.  Peter’s leadership, his values, his command of complexity, and his total customer and member focus will be very much missed, and we wish him all the very best in his retirement”.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

11 months ago
Kevin Gorman

Super director remuneration ...

11 months 1 week ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

11 months 1 week ago

Westpac has delayed its rate cut forecast, aligning with its peer NAB’s outlook on the likely trajectory for the Reserve Bank of Australia’s cash rate....

5 hours 27 minutes ago

The government’s adjustment to the Future Fund’s mandate could set a dangerous precedent, warns an economist, raising concerns that it may pave the way for problematic fu...

4 hours 45 minutes ago

The proposed reforms have been described as a key step towards delivering better products and retirement experiences for members, with many noting financial advice remain...

6 hours 49 minutes ago