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.
26 February 2008 00:00
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Investments
Ian Patrick, chief investment officer of the $370 billion Australian Retirement Trust, says that integrated balance sheet management will “beyond a shadow of a doubt” become a more prominent feature in the superannuation industry as funds grapple with the compounding effects of their growing size, systemic importance and the liquidity needs of servicing a larger cohort of retirees.
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