POWERED BY MOMENTUM MEDIA
First Westscheme appointment to AustralianSuper board
Current Westscheme director Simone McGurk has become the first member of the Westscheme board to join AustralianSuper, following the February announcement of a merger between the two funds.
McGurk, who replaces retiring AustralianSuper director Cath Bowtell, is also currently a Western Australian State Training Board member, the UnionsWA Secretary and a member of the Australian Council of Trade Unions executive.
AustralianSuper chair Elana Rubin said McGurk has a strong insight into the issues facing Australian workers and an affinity with the ‘members first’ philosophy of AustralianSuper.
“Simone was a member of the Westscheme Board that demonstrated its ‘members first’ philosophy when it sought a merger with AustralianSuper, knowing our size, expertise and products would provide a positive difference to their retirement outcomes,” Rubin said.
“Irrespective of the proposed merger with Westscheme, Simone is a high calibre appointment and one that reflects the growing geographic diversity of AustralianSuper.”
The appointment ensures the interests of West Australian members will be well represented and demonstrates AustralianSuper’s commitment to the successful finalisation of the merger, Rubin added.
The AustralianSuper board now comprises seven members from New South Wales, five from Victoria and one from Western Australia, the fund stated.
Recommended for you
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
As institutional investors grapple with shifting sentiment towards US equities and fresh uncertainty surrounding tariffs, Australia’s Aware Super is sticking to a disciplined, diversified playbook.
Market volatility continued to weigh on fund returns last month, with persistent uncertainty making it difficult to pinpoint how returns will fare in April.
The Association of Superannuation Funds of Australia (ASFA) has called for the incoming government to prioritise “certainty and stability” when it comes to super policy.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
