The Fund Executives Association Ltd (FEAL) has appointed the chair of a large profit-to-members super fund as an independent director.

Neil Cochrane has become an independent director of FEAL, following his recent appointments as chair of the $6.7 billion Commonwealth Bank Officers’ Super Fund and independent chair of the investment committee within the $5 billion AUSCOAL Super since retiring as deputy CEO of Colonial First State Global Asset Management last year.

At FEAL, Cochrane will join eight directors:

-Howard Rosario (chair), CEO of Westscheme;

-Michael Dwyer, CEO of First State Super;

-David Elia, CEO of HOSTPLUS;

-Joe Farrugia (deputy chair), Fund Secretary of the Catholic Superannuation Fund;

-Damian Hill, CEO of REST Superannuation;

-John O’Flaherty, CEO of Statewide Super;

-Robyn Petrou, CEO of ESI Super; and

-Paul Watson, CEO of Military Super.

Cochrane, once the CEO of REST, said in a statement: “With the speed of change in the superannuation industry continuing, I look forward to helping FEAL play a vital role in supporting fund executives through education, networking and professional development.”

Meantime, the association also announced the recipients of its educational scholarships for 2009. Asset Super fund secretary, Jim Monahas, won entry to the Melbourne Business School’s ‘Leading Change’ module, a placement funded by AMP Capital Investors.The Centre for Investor Education and Aberdeen Asset Management provided the backing for the following investment education scholarships:

-Major Market Players, awarded to Michael Block, general manager – investments at FuturePlus;

-International Investing, awarded to Greg Cantor, CEO of Australian Catholic Super Fund;

-Trustee Exchange Series, awarded to Wayne Davy of Quadrant;

-International Investing, awarded to Michelle Griffiths, CEO of AvSuper; and

-Fund Leaders Forum, awarded to Sean Leonard, CEO of CONNECT Super.

Announcing the placements, the association stated: “For the past 10 years, FEAL has been dedicated to supporting leaders in the superannuation industry. One way we seek to fulfil this mission is by providing scholarships to fund executives to enable them to participate in education programs that will extend their professional learning and development.”

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