Sunsuper has announced a major management restructure which will see the exist of its executive general manager advice, marketing and growth, Michael Mulholland.
The superannuation fund said the changes were aimed allowing it to effectively execute its ambitious growth strategy and ensure continued strong governance and risk management.
“The changes align with the Fund’s strategy to increase its focus on a data-driven, digitaldirect consumer strategy while maintaining the strong growth and momentum the Fund has experienced in the corporate super, retail distribution and SME space,” the announcement said.
It said Sunsuper’s executive team had been expanded from eight roles to eleven as follows:
It said that the new structure had seen the promotion of Petrina Weston, David Woodall, Danielle Mair and Stevhan Davidson to the executive leadership team with the new structure taking effect from 1 March.
On Mulholland’s departure the announcement said he had been offered a substantial role in the new team but had decided that now was the right time to move on.
The super fund announced that Gregory has been appointed to its executive leadership team, taking on the fresh role of chief advice officer.
The deputy governor has warned that, as super funds’ overseas assets grow and liquidity risks rise, they will need to expand their FX hedge books to manage currency exposure effectively.
Super funds have built on early financial year momentum, as growth funds deliver strong results driven by equities and resilient bonds.
The super fund has announced that Mark Rider will step down from his position of chief investment officer (CIO) after deciding to “semi-retire” from full-time work.