29 October 2014 19:30

Joanne Townsend, general manager of investments at REST Industry Super, has taken on the role of chief operating officer at the fund on a temporary basis.

She has taken over the duties of Paul Sawyer, the former chief operating officer, who has left REST to join TWU Super as chief executive.

Jamie Hwang from the REST investment team is now the acting general manager of investments for the $32 billion fund until Townsend returns to her role.

The fund has been through a number of changes in the past month, with Ken Marshman becoming the new independent chairman of REST, replacing previous REST chairman, Rohan Jeffs.

Marshman joined the REST Board as an independent director in December 2013 and is also chairman of REST’s investment committee.

Ken Marshman, Joanne Townsend, paul sawyer, rohan jeffs, cartwright, REST Industry Super

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The APRA performance test has just claimed its first MySuper casualty for the first time in three years, with Queensland-based BUSSQ failing the YFYS due to weak investment performance. With 85 per cent of its assets sitting in the default option, BUSSQ now has a year to turn things around or face consequences that go well beyond a stern letter to members.

Darcy Song

August 28, 2026