NSW Government-owned super member administrator, Pillar Administration, had a new chair from June 18.
The former director-general of the NSW Premier’s Department, Col Gellatly, took over from Bob Walker, who it’s understood had chaired the NSW Government-owned organisation since before it changed its name from SAC to Pillar in 2001. Pillar directors are appointed and removed at the behest of Pillar’s ‘shareholder’ ministers – currently Commerce Minister John Della Bosca and Treasurer Michael Costa. The chief executive of Pillar, Peter Cormack, was unavailable for comment at presstime.
26 June 2007 00:00
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Investments
Rest Super has built its private equity program around a deliberately selective approach to manager and deal selection, favouring a concentrated roster of external partners and proactively seeking out top PE firms rather than waiting for them to come knocking. Head of private markets Marina Pasika unpacks the program’s coming of age and what powered an asset class return more than double the peer average in the last financial year.
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