Link Group has announced that Paul Khoury has been appointed as the new chief executive of Link Fund Solutions in Australia, a provider of outsourced middle and back office administration, fund accounting, custodial and unit registry services to fund managers, trustees and listed investment companies (LICs).
Prior to this, Khoury worked for State Street Australia where he served as chief executive, head of global services Australia and New Zealand.
He would be expected to commence his new role on 21 May.
Link Group’s corporate markets chief executive, Paul Gardiner, said: “Our acquisition of the Link Funds Solutions business in the UK and Europe from Capita in late 2017, combined with Link Group’s strong financial position will give Paul an enviable foundation to deliver services as we continue the organic growth of our Australian client base.”
The research house has offered a silver lining after super fund returns saw the end of a five-month streak last month.
A survey of almost 6,000 fund members has identified weakening retirement confidence, particularly among those under 55 years of age, signalling an opportunity for super funds to better engage with members on their retirement journey.
The funds have confirmed the signing of a successor fund transfer deed, moving closer to creating a new $29 billion entity.
A number of measures, including super on Paid Parental Leave, funding to recover unpaid super, and frameworks to encourage investment in the energy transition, have been welcomed by the superannuation industry.
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