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 March 2008 00:00
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Investments
Global equities have driven most of MLC’s FY26 return so far, but its exposures to insurance-linked securities and “esoteric” credit have also put in the hard yards and helped the fund diversify beyond the AI thematic, according to chief investment officer Dan Farmer.
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