Wayne Swan has taken over as chair of Cbus Super, following his appointment last August.
The former Federal Treasurer took over from previous chair Steve Bracks, who had sat on the board of the superannuation fund for 13 years.
“I am determined to ensure the fund continues to deliver excellent outcomes for members. The super landscape is changing constantly, and I will continue Steve’s ambitious agenda for fund growth to ensure members continue to benefit from economies of scale and the very best investment opportunities,” he said.
Joining him on the board would be Michelle Beveridge, who would also chair the audit and finance committee, and Jason O’Mara who would take over from Anthony McDonald and deputy chair Dave Noonan.
Beveridge was formerly independent director of REI Superannuation fund from 2017-2021 and was also chief information officer and chief operating officer at Intrepid Travel.
Meanwhile, O’Mara was a workplace safety campaigner and ACT secretary for the construction, forestry, maritime, mining and energy union (CFMEU).
The super fund announced that Gregory has been appointed to its executive leadership team, taking on the fresh role of chief advice officer.
The deputy governor has warned that, as super funds’ overseas assets grow and liquidity risks rise, they will need to expand their FX hedge books to manage currency exposure effectively.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.