Justin Arter, chief executive of Cbus Super, is to retire after almost three years.
Arter took over the role in July 2020 and helped the $73 billion fund expand via two major mergers of Media Super and EISS Super.
Cbus said the board had now shifted its attention to organic growth and member retention and Arter would retire in May.
The board had appointed chief investment officer Kristian Fok as interim chief executive as it considered an appointment for a permanent role.
“I’m enormously proud of the strides the fund has taken during my tenure and in recent years Cbus has grown strongly,” Arter said. “The successful mergers we have overseen have strengthened the fund’s capacity to invest on behalf of our members and to deliver other important scale benefits for members”.
Cbus chair, Wayne Swan, said: “Cbus, under Justin’s leadership, has adroitly navigated two significant mergers, successfully expanding Cbus’ funds under management, membership and industry footprint. Thanks to these successes, we are well placed to continue our journey of growth, with a renewed focus on retaining members and attracting new ones”.
