The Executive Superannuation Fund has appointed Equity Trustees as trustee and custodian.
It comes at the same time as Equity Trustees created the superannuation trustee office, to which it has appointed John Rodd.
Rodd was previously chief financial officer at Equipsuper and has 30 years financial services experience.
His role includes compliance and superannuation license requirements, and driving business in the trustee for partnership sector.
He will report to the head of private wealth services Geoffory Rimmer, and will be supported by seven team members in Sydney and Melbourne.
Equity Trustees’ appointment as custodian brings total superannuation fund assets in Equity Trustees’ corporate responsible superannuation entity (RSE) business to $2.2 billion.
The $9 billion fund is backing agriculture investor GO.FARM, with its capital already directed towards enhancing two key assets.
Brighter Super is considerably scaling down the investment options it offers members in order to reduce costs.
Amid a challenging market environment, three super fund CIOs have warned against ‘jumping at shadows’.
The professional body is calling for the annual performance test to transition to a two-metric test, so it better aligns with the overarching duty of super fund trustees to act in the best financial interests of their members.
Add new comment