Industry superannuation fund, HESTA director and Australian Services Union (ASU) general secretary, David Smith died on Friday.
HESTA issued a statement noting Smith’s sudden passing and said he was a passionate and committed director who also served on the fund’s investment committee.
HESTA chief executive, Debby Blakey, said: “The HESTA team was profoundly saddened to learn of David’s sudden passing and we want to extend our deepest sympathies to his family and friends at this incredibly difficult time.
“David was an inspirational leader and advocate for both HESTA and ASU members and we feel incredibly privileged to have had the opportunity to work together to help deliver better outcomes for our members.
“David brought to the HESTA board a deep knowledge of the community services sector and experience drawn from more than 25 years passionately defending and advancing the rights of working Australians. He also had a broad knowledge and understanding of the superannuation industry, he will be deeply missed by all of us at HESTA.”
The fund has announced three executive-level appointments, including a new chief investment officer.
The super fund has tapped a former Vanguard and Plato Investment Management executive to lead its fixed interest team.
The firm has grown its wealth management team with an experienced distribution specialist.
The $36 billion fund has announced the appointment of an experienced public sector executive leader.
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