Sunsuper has appointed a new Melbourne-based business manager for its corporate business.
Diana Hale has taken on the role of Victorian business manager, replacing Geoff Duncan who retired from the position earlier this year. She will be responsible for Sunsuper’s existing corporate clients in Victoria, as well as for growing new corporate business in the state. Wayne Sullivan, the fund’s marketing manager, said Sunsuper’s corporate super has grown strongly over the past 18 months to two years. Sunsuper’s corporate super grew 123 per cent in 2005, reaching $1 billion by the end of the year, and is expected to reach $1.5 billion by the end of this financial year. Hale joins Sunsuper from Rice Walker Actuaries where she worked on strategy development for super funds. Prior to that she worked at Plum Financial Services, County Investment Management and Mercer Human Resources Consulting. Sunsuper manages $8.5 bullion in assets for over 850,000 members and 60,000 employers.
There is one investment area where Insignia’s $180 billion super arm has not lost money for the past 17 years, which is what it calls the insurance-related investments. The alternatives strategy is gaining popularity among asset owners due to its diversification benefit, but Insignia’s super and asset management investment chief Dan Farmer warns it is a space where investors can suffer if they “stumble in without doing the homework”.
Darcy SongJanuary 23, 2025
