Former Victorian Premier John Brumby will be the chairman of MTAA Super from 4 April, replacing the interim chairman David Lloyd QC, who has been in the role since September.
MTAA chief executive and secretary John Delaney said Brumby’s credentials as a leader and administrator made him an excellent choice for the role.
Brumby’s experience with major infrastructure projects and knowledge of industry policy, governance principles, and reforms affecting the superannuation sector would also benefit members, Delaney said.
As Victorian Treasurer, prior to his term as Premier, Brumby led the development of a national approach to public/private partnerships which resulted in projects such as the Melbourne Convention Centre, EastLink and the new Childrens’ Hospital, MTAA stated.
“I can assure MTAA Super, its members and all staff that I will devote the same energy and diligence that I provided during my government career to ensuring that MTAA Super is one of the very best industry funds,” Brumby said.
The industry fund has upped its investment in start-ups, helping to unlock the benefits of innovation and emerging technologies.
The chair of the Future Fund has slammed critics of the sovereign wealth’s new mandate as “factually incorrect”.
Super Review understands the Division 296 legislation could be facing the chopping block, with Labor said to be struggling to secure support ahead of the final sitting week of the year.
Deloitte Access Economics has raised concerns about the government’s recent changes to the Future Fund’s investment mandate, questioning the necessity and implications of the reforms.