George Fishlock has been unanimously elected as the new chair of the board at AVSuper.
He will replace current AVSuper chair Tom Grant in January 2013. Grant is leaving to pursue other opportunities in the superannuation industry, having founded the fund and acted as chair since 1990.
Fishlock has been a member representative on the board for 14 years and an air traffic controller for 30 years.
As chair of the investment committee, he has been involved in due diligence of investment managers and investment processes, nationally and internationally.
He has also chairs the audit, compliance and risk management committee.
AVSuper chief executive Michelle Griffiths thanked Grant for his commitment in shaping the fund for 22 years and expressed confidence the fund was in Fishlock's "capable hands".
Michael Lovett, who left the investment firm just three months after launching its Vanguard Super offering, has taken up a chief executive role at an Australian asset manager.
The Central Bank of Ireland has granted the approval of Equity Trustees’ exit from its Irish operations, with the transaction expected to be complete on 30 April.
Super returns continued to climb in March, raising hopes of delivering double-digit returns by June depending on the performance of this next quarter.
The dedicated super fund for emergency services and Victorian government employees is under fire for unpaid entitlements to transport employees, which could exceed $40 million.
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