The Australian Council of Super Investors (ACSI) has appointed Gerard Noonan as president, after serving for the past year as deputy president.
Noonan is also currently the chair of Media Super and president of the Australian Institute of Superannuation Trustees, and chairs Innovation Australia’s Venture Capital Committee.
Noonan’s place as deputy president will be taken by committee member Trish Donahue, who is also the executive manager of investments for Cbus, and was previously an actuarial analyst at Mercer.
The Reserve Bank of Australia (RBA) has warned that significant liquidity pressures could arise in the superannuation sector if multiple risks materialise at once, potentially amplifying shocks in the financial system.
Governor Michele Bullock took a more hawkish stance on Tuesday, raising concerns over Donald Trump’s escalating tariffs, which sent economists in different directions with their predictions.
Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one of the companies’ fastest growing trustee services.
Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns about potential risks to financial stability, ASFA has released new research pushing back on these narratives.