Foresters welcomes new CIO
Foresters Financial has announced the appointment of Michael McQueen as chief investment officer.
He would make the move from Media Super, where he had been CIO for over two years, and oversee the transfer of members’ retirement savings through a successful merger with Cbus in April 2022.
Prior to this, he was head of investment strategy at LUCRF Super (now a part of AustralianSuper) and acting CIO at Kinetic Super during its merger with Sunsuper (now known as Australian Retirement Trust).
His resume would also include experience as an equities dealer and analyst for companies like Goldman Sachs, ANZ Banking and ANZ Trustees.
“We are simply delighted that Michael has joined our business as we continue to deepen and strengthen our relationships with our referral partners, investors and their families over multiple generations,” said Foresters Financial’s chief executive, Emma Sakellaris.
“As a firm, we are heading into a period of substantial growth with several exciting announcements in the coming months, so the addition of Michael comes at a pivotal and opportune time.”
Commenting on his appointment, McQueen said: “Foresters Financial has an incredible story and legacy as one of the oldest and purest investment bond managers in the market, so the decision to join and play a role in its future success was easy to make.
“I am excited by what the next stage holds for Foresters Financial as the market and regulatory changes allow for further growth and expansion.”
AUTHOR
Rhea Nath
Recommended for you
Lonsec Research and Ratings has appointed a head of sales, completing the leadership team to boost its reach with financial advisers.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the wealth channel.
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
