Industry superannuation fund Vision Super has promoted its chief investment officer, Michael Wyrsch, as its deputy chief executive officer but he will also continue to manage the investments function in his current role.
The fund’s chief executive, Stephen Rowe, said as the CIO Wyrsch had reduced investment management costs and improved results.
“Our MySuper default Balanced growth option is top three over the last financial year, and top ten over all periods up to ten years. Most of our other options are top quartile,” Rowe said.
“Michael would tell you that those returns are mainly the result of good luck, but the credit is his – he’s largely responsible for the foresight, careful planning and strategic thinking behind every investment decision.
“As deputy CEO, Michael is going bring that same foresight, careful approach to planning and broad strategic thinking to the fund as a whole, and I am looking forward to working with him closely in his new role.”