Health Super creates governance role

Health Super has done what few other funds have, and filled a new role for a chief governance officer.

The $7 billion fund appointed Gary McGrath to the role, which CEO Chris Clausen said demonstrated the fund’s conviction that good governance of its increasingly complex structure was critical to protecting and growing member retirement savings.

“Gary’s strong legal background, experience as a company secretary and his demonstrated knowledge and experience in superannuation, risk management and compliance and his experience working with industry regulators made him the ideal choice for the CGO role,” Clausen said.

McGrath has previously worked in NSW public sector superannuation, spent two years with ASIC and 10 years as a commercial litigation and insolvency lawyer in Perth.

 

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Suspensions and redemption queues ‘speed bumps’ on private credit road: Blue Owl

Asset owners are right to be concerned about private credit fund suspensions and redemption queues, Blue Owl head of alternative credit Ivan Zinn told the Investment Magazine Fiduciary Investors Symposium, but he thinks that two years from now they’ll be looked back on as nothing more than a “speed bump” on a highway of growth and strong returns.

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