Howard Rosario, the chief executive of Westscheme, has been elected chair of the Fund Executives Association Ltd (FEAL), following the retirement from the board of Brett Westbrook, former chief executive of Future Plus.
Westbrook flagged his intention to step down from FEAL after resigning from Future Plus, owned by the NSW Local Government and Energy Industries Superannuation Scheme, in July. He has not yet announced a new position in the industry, but is thought to be considering positions with service provider organisations rather than another super fund. FEAL members have also elected three new directors: Damian Hill, the chief executive of REST; Colin McGuinness, the chief executive of NGS Super; and Paul Watson, the deputy executive director of MTAA Superannuation Fund. Joe Farrugia, the secretary of the Catholic Superannuation Fund in Victoria, remains deputy chair. Terry McCredden, of Telstra Super, has also retired from the board. The remaining directors are: Michael Dwyer (First State Super), David Elia (HOSTPLUS) and Frances Magill (Statewide). Lorraine Berends, the Australian representative for Marvin & Palmer Associates, is an adviser to the FEAL board.
farrugia, michael, directors, telstra, catholic, mccredden, victoria, westbrook, remaining, retired, elected, chief
Investments
Portfolios built for the old world will be severely tested as emerging forces rewrite the rules of investing. The Top1000Funds.com Fiduciary Investors Symposium heard that geopolitical and macroeconomic upheaval, together with the disruption wrought by AI, should force asset owners to rethink the structure and composition of portfolios.


















Leave a Comment
You must be logged in to post a comment.