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Howard Rosario to lead next phase for GESB
Big West Australian Government-related fund GESB has recruited locally for its new chief executive, appointing former Westscheme chief executive Howard Rosario to the role.
Rosario departed Westscheme after it was merged with Australia's largest industry superannuation fund AustralianSuper in the middle of last year.
Rosario succeeds Michele Dolin at the helm of GESB after she departed the fund in May last year.
GESB — which had been the subject of an independent review commissioned by the West Australian Government — has been led by acting chief executives Fabian Ross and Larry Rudman since Dolin's departure.
In announcing Rosario's appointment, GESB chairman John Langoulant said he would oversee the implementation of choice of superannuation fund for public sector employees and the possible move by GESB towards becoming a greater procurer of superannuation services.
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AustralianSuper has reported a 9.52 per cent return for its Balanced super option for the 2024–25 financial year, as markets delivered another year of strong performance despite the complex investing environment.
The profit-to-member super fund’s MySuper default option has returned 9.85 per cent for the financial year 2024–25.
Colonial First State (CFS) has announced solid double-digit returns for its MySuper balanced and growth equivalent funds during the financial year.
The super fund’s Future Saver High Growth option delivered an 11.9 per cent return for the financial year 2024–25, on the back of a diversified portfolio and actively managed investment strategy.
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