A Roman Catholic superannuation fund is expanding with the appointment of a national business development manager.
Due to increases in the workload of the operations manager for the NSW-based Australian Catholic Superannuation & Retirement Fund (ACSRF), the fund’s board has decided to appoint a national BDM.
Previously, the six BDMs in NSW, Queensland, ACT and WA had reported to the operations manager, but they will now report to Joseph Younis (pictured), who’s been in the newly created position of national BDM for the past two weeks at the fund’s head office in Burwood, Sydney.
Younis, in his 40s, has both super fund experience (as fund secretary for IBM’s super plan) and business development (again, at IBM).
Greg Cantor, ACSRF’s CEO, said that “because we’re a self-administered fund, we were finding that the operations manager was spread too thin” and so the board had decided to create the new position.
“At first,” Cantor said, “it’ll be business as usual” for Younis whose brief is to work with the six BDMs based in Townsville, Brisbane, Port Macquarie, Canberra, Perth and Sydney, and to “service members better”.
Of the possibility of future competition with the Victoria-based Catholic Super (after its merger with National Catholic Superannuation Fund), Cantor said: “The Victorians operate in their own area. There’s no competition to date, but that’s not to say it won’t happen in the future.”
Younis will be looking to retain and increase membership of the fund which has more than $3.6 billion in funds under management for almost 90,000 members.
Cantor said that ACSRF had introduced one of the first allocated pensions almost 10 years ago in July 2000, and would be looking to extend its already high member retention in the post-retirement space.