New chairman for WA Super


West Australian-based industry superannuation fund, WA Super, has moved to address the question of independent directors on its board with the appointment of well-known Perth business identity Tim Shanahan.
Shanahan is currently chief executive of the West Australian Chamber of Minerals and Energy and has served as the chair of the fund's Compliance and Risk Management Committee since 2004.
He succeeds Nick Catania as chairman of the fund and will assume his role from 1 July.
The fund is expected to announce a number of other board appointments, with two other directors due to finish their terms at the same time as Catania.
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.