Industry stalwart Jacky Herron is leaving her position as fund secretary at Nestle Australia Group Superannuation Fund, following the outsourcing of trustee responsibilities to Russell’s Total Risk Management (TRM).
Herron said that she planned to enter early retirement after 23 years at the super fund. Nestle moved to total outsourcing last month when it awarded Russell Investment Group a $560 mandate to manage its assets. The former eight-member trustee board at Nestle will form a policy committee that will continue to serve an advisory role, meeting quarterly with TRM to ensure members’ interests continue to be looked after. “It’s a positive change, and we believe it is the best thing for our members,” Herron said.
13 November 2007 00:00
ensure, nestle, herron, ;members, advisory, policy, russell’s, trustee, committee, outsourcing, it’s, quarterly
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.
Leave a Comment
You must be logged in to post a comment.