Australian Council of Superannuation Investors (ACSI) chief executive, Ann Byrne will step down from her position later this year.
ACSI president Gerard Noonan said Byrne's five years with the organisation supported its growth into a major force in corporate governance in Australia and bolstered super funds focus on the environmental and social impact of companies.
"Ann's direct style and her intellectual savvy are well known to many chairs and directors of the stock exchange's top 200 companies," Noonan said.
"She has been an articulate advocate on ESG issues for many years and has a deep understanding, on behalf of millions of super fund members, of the importance of improved corporate governance in Australia's corporate landscape."
Byrne has spent the past year involved in a major project to re-organise ACSI's governance and representative structure, Noonan said.
Byrne is former chief executive of UniSuper and Superannuation Trust of Australia (now AustralianSuper) and will continue in her role as elected member of the United Nations Principles for Responsible Investment (UNPRI) organisation, which she has held for three years, until October.
ACSI has started an international search for Byrne's replacement.
Vanguard Super has reported strong returns across most of its investment options, attributed to a “low-cost, index-based approach”.
The fund has achieved double-digit returns amid market volatility, reinforcing the value of long-term investment strategies for its members.
Australian super funds notched a third consecutive year of strong returns, with the median balanced option delivering an estimated 10.1 per cent over the 2024-25 financial year, but an economist has warned that the rally may be harder to sustain as key risks gather pace.
AustralianSuper has reported a 9.52 per cent return for its Balanced super option for the 2024–25 financial year, as markets delivered another year of strong performance despite the complex investing environment.