Michael Clancy is to become the new chief executive of Qantas Super when Jane Perry retires next month.

Clancy is currently a non-executive director of the superannuation trustee boards at NAB Wealth, a director and co-founder of cloud based wealth advice service Big Future, and a consultant on business, investment and product strategy to the Australian wealth management industry.

He has had a number of senior roles at NAB stretching back to 1998, most recently as executive general manager of investment platforms at NAB Wealth.

Anne Ward, chairman of Qantas Super, said she had seen significant interest in the role and that Clancy was selected after a five-month executive search.

“Michael is an outstanding executive. He will bring to the role extensive and holistic experience in the financial services industry, and a strong commitment to achieving positive outcomes for Qantas Super members.”

Clancy will join Qantas Super on November 16 as part of a transition plan, and he and Perry will work together until she retires on December 11.

Ward said: “The Qantas Super Board is sincerely grateful to Jane for her leadership shaped by integrity, transparency, and a singular focus on improving the plan for the benefit of members during one of the most challenging periods in the history of superannuation.”

Clancy will transition out of his role at NAB and will relinquish day-to-day activities at Big Future, but will remain an equity owner of the business.

In the financial year to June 2014, Perry earnt $607,000 in her role as chief executive of Qantas Super including a bonus payment of $207,000.