POWERED BY MOMENTUM MEDIA
Prime Super CEO to depart
Prime Super chief executive, Lachlan Baird, is to depart the $6.7 billion fund after 18 years.
Baird has been CEO at the fund since 2005 and led the profit-to-member fund through three mergers and will leave on 1 December 2023.
Remo Memmolo, chief operating officer, will take on the role of Interim CEO following Baird’s departure and while an independent recruitment process is undertaken. He has been at Prime Super since 2015
Prime Super chair, Nigel Alexander, said: “He leaves an impressive legacy with Prime Super in a strong position as we look to the future and deliver a well-considered and forward-looking strategy in a period of industry change.”
Baird said: “As Prime Super enters the next phase of its evolution, it does so with an enviable record and an excellent reputation among our partners and industry peers.
“I will leave the organisation knowing it is in great shape for the future.”
Prime Super was formed in 1996 through the amalgamation of four regional super funds and now looks after more than 143,000 members.
The fund was recently a finalist at Super Review’s annual Super Fund of the Year Awards in the Smooth Ride category.
AUTHOR
Laura Dew
Laura Dew is editor at Super Review. Prior to joining SR, she spent five years working at Investment Week in the UK covering asset and wealth management.
Recommended for you
The $16 billion fund has teamed up with a retirement income product specialist to give its members more confidence to spend in retirement.
The super fund-owned institutional investment manager has appointed an internal candidate as its next head of operations.
The $91 billion fund has doubled down on its data security, alongside enhancing its investment strategy, with two key appointments.
The Albanese government has appointed Jim Craig as a member of the Future Fund Board of Guardians for a five‑year term.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
