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STA -ARF merger gets green light
More than a year after it was first mooted, the merger of the Superannuation Trust of Australia (STA) and the Australian Retirement Fund (ARF) has been confirmed.
The trustee boards of the two funds announced today that the merger would proceed following the completion of the due diligence process with the combined entity expected to be up and running from July 1 boasting more than a million members and $18 billion in assets.
The chief executive of the new fund will be the ARF’s Ian Silk while the deputy chief executive will be STA’s Mark Delaney who will also be chief investment officer.
AUTHOR
Mike Taylor
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