AIA appoints Costello to board of directors
AIA Australia has appointed Paul Costello as a member of its board of directors.
In his new role, Costello will provide the company with strategic guidance on its Australian operations across the company's group insurance offering, and on the development and growth of its direct and retail businesses.
Costello has significant government and industry experience, having previously held such positions as chair of the Stronger Super Peak Consultative Group and inaugural general manager the Future Fund. Costello has been involved in various aspects of superannuation including advice, corporate and industry super and government consultation.
Costello's appointment became effective 10 November.
Recommended for you
Australia’s largest super funds have deepened private markets exposure, scaled internal investment capability, and balanced liquidity as competition and consolidation intensify.
The ATO has revealed nearly $19 billion in lost and unclaimed super, urging over 7 million Australians to reclaim their savings.
The industry super fund has launched a new digital experience designed to make retirement preparation simpler and more personalised for its members.
A hold in the cash rate during the upcoming November monetary policy meeting appears to now be a certainty off the back of skyrocketing inflation during the September quarter.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
225.31 3 y p.a(%)
2
Loftus Peak Global Disruption Fund Hedged
120.73 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
72.47 3 y p.a(%)
4
Paradice Australian Mid Cap A
69.09 3 y p.a(%)
5
Global X Ultra Long Nasdaq 100 Complex ETF
61.94 3 y p.a(%)
