The $8 billion VicSuper has contracted Michael Seton, former chief executive officer of Military Super, to help the fund adapt to incoming Stronger Super reforms.

Seton will manage all products and projects that do not involve investments at Melbourne-based VicSuper, according to an e-mail he wrote on March 6 that was obtained by Investment Magazine Online. His 12-month contract started on March 5.

The onset of the Stronger Super reforms has spurred “a huge amount of activity” at VicSuper, Seton wrote. Reforms include the MySuper default fund regime, slated to begin in July 2013, and the overhaul of contribution payment systems called SuperStream, which began in July 2011. He reports to Michael Dundon, chief executive officer of VicSuper.

Seton left the $4 billion Military Super in mid-November after overseeing the fund’s merger with Commonwealth Superannuation Corporation to form a $24 billion fund.

VicSuper is a superannuation fund for Victorian public servants. The fund did not return phone calls seeking comment.

Simon Mumme became a fnancial journalist through a stroke of luck. Upon graduating with a Master of Journalism from The University of Queensland in 2006, he set out to fnd a news organisation that would employ him as an overseas correspondent or business reporter. Or both, ideally. Conexus Financial hired the bright-eyed cadet, and in the ensuing years he wrote for all of its titles until being appointed editor of Investment Magazine in June 2010. Under his guidance, the magazine continues to dominate the Australian institutional investment media through its authoritative, insightful and engaging feature stories and analysis. Outside of work, Simon trains keenly in Muay Thai kickboxing, revels in the surf breaks fringing the Sydney coastline and reads as much high-quality journalism and non-fiction writing as he can. Committed to his role as a niche business reporter, Simon is aware that an overseas posting as a correspondent still eludes him. He hopes Conexus can help him with that career goal too.
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