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.
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.