BNY Mellon strategist and former Paul Keating adviser, Don Russell, has been appointed as the new chairperson of State Super.
NSW treasurer Michael Costa made the announcement yesterday. “I am pleased Mr Russell accepted the offer to lead the board of one of the largest superannuation funds in Australia,” he said. Russell, who is currently a global investment strategist with BNY Mellon, was Australia’s ambassador to the US from 1993 to 1995, and principal advisor to Paul Keating during his time as treasurer and prime minister. Russell will replace Michael Cole, who is currently reviewing local councils’ finance exposures.
11/03/2008
councils, russell, ambassador, keating, treasurer, currently, michael, australia’s, exposures, mellon, strategist, advisor
Investments
Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.
Leave a Comment
You must be logged in to post a comment.