POWERED BY MOMENTUM MEDIA
Prime Super appoints two new board directors
Prime Super has appointed two new non-executive board directors, Gemma Dooley and Bev Durston.
The executives commenced their roles on 1 January, 2023 and would take over for Brett Lazarides and Gavin Watson, who retired at the end of 2022.
“Along with my fellow directors, I look forward to working with Gemma and Bev in the years ahead as we manage the hard-earned retirement savings of more than 135,000 members from the agriculture, recruitment, healthcare, aged care, education and other industries,” said Prime Super’s chairman, Nigel Alexander.
“It’s an exciting time to join Prime Super and the fund is in a strong position to continue delivering strong returns for our members over the medium and short terms.”
Dooley had over three decades of experience in financial services in Asia and Australia. As former CIO for Club Plus Super from 2015-2021, she managed over $3.2 billion of assets on behalf of members.
She also held non-executive governance roles with organisations including Golf NSW and the Australian Cricketers Association and was a graduate of the Australian Institute of Company Directors and the Australian Institute of Superannuation Trustees (AIST).
Meanwhile, Durston came to the role with deep knowledge in superannuation and investments acquired over more than 30 years. She previously served as a trustee for a UK corporate defined contribution fund and had worked for governments and long-term investing institutions in Australia, the UK and Singapore.
She specialised in alternative assets and had vast experience in risk management, investments and portfolio management across all asset classes. She was a member of the CFA Institute and Association of Superannuation Funds Australia (ASFA).
Prime Super, formed in 1996 through the amalgamation of four regional super funds, managed over $6 billion in retirement savings.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist on Super Review and InvestorDaily, with a focus on funds management, superannuation, and institutional investment. 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
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
