Qantas Super has issued an announcement regarding the death of its board member, Paul Costello, who was first appointed to the trustee board in 2014 and was chair of the investment committee and a member of the remuneration and insurance committees.
“Paul was a pivotal figure in the super industry, and an enormous asset to the Qantas Super board. Even in his last weeks, Paul remained focused on serving the members of Qantas Super, attending committee meetings and contributing strongly to matters under discussion,” Qantas Super chair, Anne Ward, said.
Costello left a lasting legacy for Qantas Super members and his achievements included his assistance in developing a fully integrated investment platform, a new lifecycle option for default members, an enhanced approach to currency management and an improved retirement option.
He also helped drive the forays into timberland and agriculture, as well as the recent removal of tobacco from investment portfolios, the firm said.
Qantas Super said it lost a fierce advocate and the board and wider Qantas Super team extended their sincere condolences to Paul’s wife, Denise, and their family.