BT appoints chair as Plumb retires

BT has appointed Gai McGrath as chair of the BT Super Trustees Boards following the retirement of David Plumb.  

She would take up the role, and that of BT non-executive director, from 1 July, 2021. 

Her previous experience included leading Westpac Australia’s retail banking business and she also held present directorships at HBF Health, Steadfast Group and Genworth Mortgage Insurance Australia.  

Jason Yetton, chief executive specialist businesses and group strategy, said: “Gai is a respected director and executive and will bring to our trustee board more than 34 years’ experience across retail banking, superannuation, wealth management and insurance sectors. 

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“With the superannuation industry continuing to experience significant regulatory uncertainty, Gai’s experience, coupled with her strong customer and member focus, will be invaluable for the Australians who rely on us for their best financial futures.” 

Plumb had taken up the role of chair in 2015, having previously served as a non-executive director from 2011.  

Yetton said: “Under David’s stewardship BT members were supported with more than 230,000 applications for early release super payments through COVID-19 totalling around $1.9 billion. 

“Members have also been migrated from legacy super products into one contemporary offering while fees were maintained or lowered for most, and our leadership in ESG [environmental, social, and governance] and sustainable investing has continued with BT achieving an A+ rating for its sustainable investment strategy and governance.”