ART CEO to depart
Bernard Reilly, chief executive of Australian Retirement Trust (ART), is to depart the fund in February 2024.
Reilly was appointed to lead ART in March 2021 and the fund was formed in February 2022 from the merger of QSuper and Sunsuper.
He was previously chief executive at Sunsuper from 2019.
ART is Australia's second-largest super fund with 2.3 million members and $260 billion in assets under management, second only to AustralianSuper.
In a statement, the fund's chair Andrew Fraser said: "Bern will leave an incredible legacy, having played an integral role in delivering Australia’s largest superannuation merger to create Australian Retirement Trust back in February 2022.
“Bern has expertly guided Australian Retirement Trust to deliver merger benefits to our more than 2.3 million members and grow funds under administration to more than $260b. But I think the thing Bern should be proudest of, and a true testament to his leadership capabilities, is the culture he has helped grow across our organisation.”
ART has appointed Egon Zehnder to commence a global executive search for a new CEO.
AUTHOR
Laura Dew
Recommended for you
Financial Services Council chief executive, Blake Briggs, is urging Minister for Financial Services, Stephen Jones, to take advantage of the QAR opportunity to reduce regulatory duplication and ensure advice is affordable.
Former chair of the House of Representatives’ Standing Economics Committee, Tim Wilson, is planning a return to politics after losing his seat in the 2022 federal election.
Morningstar is going to offer research ratings of funds in the $3.5 trillion superannuation sector for the first time in response to demand from financial advisers.
Treasurer Jim Chalmers has opened a consultation into the design of the annual superannuation performance test, canvassing views on a range of reform options.
Add new comment