POWERED BY MOMENTUM MEDIA
Cbus makes internal appointment to group exec role
Cbus Super has appointed Michelle Boucher, as its group executive, People, Technology and Enablement, following a successful spell at the fund as group executive, Member Experience.
Boucher had worked at Cbus for five years and had more than 30 years’ experience in the superannuation, trustee and public service sector.
Cbus chief executive, David Atkin, said that Boucher’s experience at the fund made her ideally placed to drive innovation and growth across the company.
He expected the $40 billion fund to double in size within five to six years and said it was seeking to take “greater direct control of our investment activities and of our member and employer advice and services”.
Boucher was excited to have the opportunity to drive change in an “evolving” environment.
“Cbus has embarked on a significant programme of work to innovate and ensure our 760,000 members get the best service they can from the fund,” she said.
“I have already been working closely with Deloitte, our strategic partner to drive this next stage in our transformation and look forward to expanding on that work.”
Cbus said that a recruitment process for the group executive, Member Experience, role was underway.
Recommended for you
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.
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
31.73 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
30.15 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.71 3 y p.a(%)
