Industry fund Prime Super has appointed its first member to its board of directors following its merger with health-based fund HIP earlier this year.
The fund announced it has appointed St Vincent's Private Hospitals' CEO Martin Day to the board, bringing the number of independent directors on the board to four.
Day was previously CEO of St Vincent's Private Hospital Melbourne for 11 years, and previously held senior positions with Mayne Health in Victoria, Western Australia and Tasmania.
Along with the four independent directors, Prime Super has one Australian Workers Union, and one employer nominated (National Farmer's Federation) director.
Chairman of Prime Super Alan Bowman said the fund will be adding more independent directors on the board, which will include more people from the health and aged care industries in the short term.
The $340 billion fund has welcomed three senior investment executives to its London office as it continues to internalise the management of international equities, its single largest asset allocation.
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.