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.
The proposed reforms have been described as a key step towards delivering better products and retirement experiences for members, with many noting financial advice remains the “urgent missing piece” of the puzzle.
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.