POWERED BY MOMENTUM MEDIA
2017 already a year of exits
Rollover notes that 2017 is already emerging as a year of change for the superannuation industry – well certainly where job changes are concerned.
Your elderly correspondent was just coming to terms with the exit of Paul Cahill as chief executive of Club Plus superannuation when he heard that Peter Brook had exited as CEO of Pillar Administration following that firm’s acquisition by Mercer.
Then, just as Rollover was starting to relax, he heard that his old mate, Tim Buskens was moving on from the Association of Superannuation Funds of Australia.
Rollover can remember when Buskens, one of the good guys of the industry, was a senior player within Australian Administration Services (AAS) having gone from strength to strength after the superannuation business was acquired by
Link Market Services and before it was the subject of merger when Link acquired Superpartners.
Buskens was recruited into ASFA under former CEO, Pauline Vamos, and has exited under her successor, Dr Martin Fahey.
There was less surprise over the departure of Brook from Pillar given that Mercer, as an established administrator, already had a full executive team.
In the meantime, the industry tom toms are beating about another superannuation fund CEO who is facing a change of scene.
AUTHOR
The Rollover
Rollover is a jaded hack who joined the staff of Super Review nearly two decades’ ago and never managed to summon the energy to leave. Known throughout the superannuation industry as a power-luncher and gossip, Rollover spends his time humouring fund managers, eavesdropping at conferences, dozing through briefings and looking for his next free meal.
Recommended for you
With rainy weather abound in Sydney, Rollover was sat in front of his TV watching the smorgasbord of niche documentaries free-to-air has to offer.
As a history buff, Rollover is well-aware of the importance of the role the vanguard plays in a military force, as the leader at the front of battle.
Now that crypto investing is mainstream, with Rest Super announcing it will put a portion of its funds into it, Rollover wonders whether his grandkids will think he is hip when he shows them his crypto balance in his new digital wallet.
Rollover is almost as fascinated by superannuation fund mergers as the deputy chair of the Australian Prudential Regulation Authority (APRA), Helen Rowell.
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(%)
