Sunsuper has announced a major management restructure which will see the exist of its executive general manager advice, marketing and growth, Michael Mulholland.
The superannuation fund said the changes were aimed allowing it to effectively execute its ambitious growth strategy and ensure continued strong governance and risk management.
“The changes align with the Fund’s strategy to increase its focus on a data-driven, digitaldirect consumer strategy while maintaining the strong growth and momentum the Fund has experienced in the corporate super, retail distribution and SME space,” the announcement said.
It said Sunsuper’s executive team had been expanded from eight roles to eleven as follows:
It said that the new structure had seen the promotion of Petrina Weston, David Woodall, Danielle Mair and Stevhan Davidson to the executive leadership team with the new structure taking effect from 1 March.
On Mulholland’s departure the announcement said he had been offered a substantial role in the new team but had decided that now was the right time to move on.
Australia’s second largest super fund has added thermal coal companies to its list of investment exclusions.
The fund has expanded its corporate superannuation solutions to partner with Australian businesses of all sizes.
The chief executive of Aware Super anticipates a significant shift in how ESG factors will influence portfolio values in the next six years, surpassing the changes witnessed in the past two decades.
In a recent statement, shadow assistant minister for home ownership and Liberal senator for NSW, Andrew Bragg, accused ‘big super’ of fabricating data attributed to the Reserve Bank of Australia to push their agenda.
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