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Rest CFO to depart
After almost two and a half years at Rest, Kulwant Singh-Pangly will step down from the role of chief financial officer.
He joined the $75 billion fund in 2021 following the separation of Rest’s finance, and people & change functions as a result of group executive Trevor Evans’ retirement.
It is understood Singh-Pangly will be moving to Queensland Treasury Corporation, the central financing authority for the Queensland government that also provides financial resources and services for the state.
Rest chief executive, Vicki Doyle, thanked Singh-Pangly for his contribution to the fund.
“During his time at Rest, Kulwant has made a valuable contribution to our finance and investment operations function, growing and maturing these core capabilities. I have also greatly valued his leadership on the executive team,” Doyle stated.
“Kulwant will leave Rest at the end of September. We are progressing through the recruitment process for a new chief financial officer.”
Singh-Pangly has more than 25 years’ experience across the investment management, superannuation, insurance and banking industries.
Prior to joining Rest, he spent almost nine years at QSuper, of which he was the group chief financial officer for over five years.
He also held roles at Clayton Utz, Deloitte and AMP Capital.
Last year, Rest welcomed former deputy Victorian premier, James Merlino, as chair of the board and independent director.
Merlino joined the Rest board following his 20-year career in the Victorian government. His various roles included deputy premier, minister for education, minister for mental health as well as minister for sport, recreation and youth affairs.
AUTHOR
Rhea Nath
Rhea L Nath is a journalist at Money Management and Super Review, with a focus on financial advice, investments, funds management, and superannuation. Previously, she covered small business and entrepreneurship news at Dynamic Business and multicultural issues at Indian Link Media Group. In 2022, she was named Young Journalist of the Year at the NSW Premier’s Multicultural Communications Awards.
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