The Investment and Financial Services Association (IFSA) has named its board following the group’s annual general meeting last week.
Perpetual managing director David Deverall remains as chair, while Vanguard Investments managing director Jeremy Duffield and Peter Maher, group head — banking and financial services group at Macquarie Bank, share the position of deputy chair.
Greg Cooper, chief executive of Schroder Investment Management, and Anne O’Donnell, managing director of Australian Ethical Investment, will replace long-standing IFSA board members Maurice O’Shannassy and Justin Wood.
O’Shannassy has been awarded honorary membership of IFSA for life after serving as an inaugural member for 11 years, IFSA chief executive Richard Gilbert said.
IFSA’s board members for 2008-09 are:
* Michael Bargholz, chief executive officer, AllianceBernstein Australia;
* Brian Bissaker, chief executive officer, Colonial First State Investments;
* Robert Coombe, chief executive officer, BT Financial Group;
* Greg Cooper, chief executive officer, Schroder Investment Management Australia;
* Allan Griffiths, chief executive officer, Aviva Australia;
* Warren Lee, chief executive officer — Australia, AXA Australia;
* Geoff Lloyd, group executive of wealth management, St George Bank;
* Craig Meller, managing director, AMP Financial Services;
* Anne O’Donnell, managing director, Australian Ethical Investment;
* Steve Tucker, chief executive officer, MLC Australia; and
* Maria Wilton, managing director, Franklin Templeton Investments Australia.
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.