Sunsuper recruits US investment heavyweight to board
Big Queensland fund, Sunsuper has pulled off a minor coup, attracting a former Vanguard senior executive out of retirement and onto its board.
The fund announced late last week that it had appointed former Vanguard group managing director and chief investment officer, George U. (Gus) Sauter onto the board investment committee.
At the same time as announcing Sauter's appointment, Sunsuper announced that Treasury group founder, Rodney Green had also been appointed to the board.
Announcing the appointments, Sunsuper chief executive, Scott Hartley said he believed the Sauter and Green appointments represented a major coup for the fund and a major step towards making its investment committee one of the most experienced in the country.
"Their insight and judgement will prove invaluable as we continue to execute our strategy of investing in a broad range of asset classes, dynamic asset allocation, and pursuing innovative investment opportunities — all while maintaining a strong emphasis on governance and maximising members' returns," Hartley said.
Sunsuper investment committee chair Paul Lahiff welcomed Mr Sauter and Mr Green to the company and said their appointments — together with last year's engagement of new directors Michael Traill, ex-chief executive of Social Ventures Australia (SVA) and former Macquarie Bank executive director, and Andrew Fraser, ex-Queensland Treasurer to the committee — brought extra firepower to the team.
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