Former QIC chair and Sunsuper chief executive, Don Luke has been appointed as chair of Queensland’s largest superannuation fund, QSuper.
QSuper is currently in merger discussions with Queensland’s other major superannuation fund, Sunsuper.
The fund announced that Luke will take up his role on 1 January, succeeding Karl Morris who ends his term on 31 December.
Luke is one of the most well-known names in financial services having been an executive for both Sunsuper and AMP Limited and served on the boards of FIIG Securities, AMP Capital and AMP Capital Holdings.
QSuper has more than $90 billion under management and another $22 billion of state government defined benefit funds under administration, making it Australia’s second largest fund. It is in discussions to explore a partnership with another Queensland fund, Sunsuper.