CitiStreet’s global chairman and CEO Phil Lussier has been named chairman of the board of the member administrator’s Australian business.
Lussier is expected to make several visits to Australia over the coming year. CitiStreet Australia CEO Stuart Korchinski said Lussier’s appointment reinforced Australia’s strategic importance. “With Phil taking over as chairman of CitiStreet Australia, we will be even better positioned to successfully execute our strategy of applying our global expertise to help large industry funds and corporate and retail master trust clients grow their businesses,” Korchinski said.
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
