AustralianSuper has appointed Andrew Mantello as chief risk officer (CRO), taking over from Paul Schroder, who has recently stepped in as the superannuation fund’s chief executive.
With 10 years’ experience at AustralianSuper, Mantello, a lawyer by training, previously led the investment finance and legal team and was more recently head of emergent risks within group risk. As part of this role, he provided fund-wide strategic guidance on the future risk landscape and led the fund’s work on understanding and measuring risk culture.
Schroder said Mantello was ideally placed to lead the fund’s group risk function.
“Andrew is highly capable with wide experience, and he will make a great contribution to member outcomes as CRO,” Schroder said.
“Risk culture and effectively managing risk is an integral part of AustralianSuper’s operations and Andrew is ideally placed to lead this very important function.”
Mantello said he was excited to be leading AustralianSuper’s best practice approach to risk management.
“The AustralianSuper board and executive team have committed to investing in continuously strengthening the fund’s approach to risk management and culture as we continue to grow and serve members,” Mantello said.
“The group risk function at AustralianSuper ensures the right culture, structure and practices are in place so that we can help members achieve their best financial position in retirement.”
Schroder was appointed to the chief executive role after long time CEO Ian Silk stepped down in July.