Electricity Industry Superannuation Scheme (EISS) board has appointed Peter Siebels as its new independent chairman, ending an extensive recruitment campaign.
Siebels will serve as chairman for three terms from March 2015, taking over from Mark Day who has been in the role the last 13 years.
Prior to this, Siebels was the Chairman of Partners of KPMG's Adelaide office and the KPMG National Managing Partner — Private Enterprise, and held directorships with Business SA and the State Theatre Company.
In a statement the Board said they were pleased with the appointment.
"The Board is confident that Peter has the experience and enthusiasm to lead the Scheme through any challenges and opportunities that it may face in the next few years."
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.