REST Industry Super has named AMP executive Vicki Doyle its next chief executive.
Doyle is AMP’s director, superannuation, retirement and investments. In that role, she is responsible for the ASX-listed wealth management and insurance giant’s retirement and investment products, $120 billion in funds under administration and 1.6 million members.
Prior to joining AMP in 2015, she spent two years at Westpac-owned BT Group, with responsibility for its corporate and direct superannuation businesses. Before that, she spent nine years at bancassurer Suncorp, in various superannuation and wealth-management roles.
REST chief operating officer Andrew Howard will act as interim chief executive until Doyle joins the fund in 2018.
“I am delighted to be joining REST, one of Australia’s largest superannuation funds,” Doyle said in a statement the fund issued. “It has an enviable record of providing superior benefits and returns for members, and a reputation for innovation and industry leadership.”
REST chair Ken Marshman said the board of the $45 billion industry fund for retail employees had identified “several excellent prospects” during a thorough search that included internal and external candidates, before appointing Doyle.
“Her record speaks for itself,” Marshman said. “Vicki brings to REST extensive executive leadership experience and a track record in superannuation advocacy. She is a member of the ASFA [Association of Superannuation Funds of Australia] Super System Design Policy Council and is also on the Financial Services Council Superannuation Board Committee.”
Marshman also paid tribute to Hill’s leadership and his contribution to REST during his 11-year tenure as chief executive.
“Damian led REST through several significant periods of industry change and transformation,” he said. “His legacy is a well-balanced and flexible organisation in a very strong position, with around 2 million members.”
Hill wrote to REST members back in June, to inform them he had advised the board that he would not seek a renewal of his employment contract when it expires in January 2018.
AMP group executive wealth solutions and chief customer officer, Paul Sainsbury, posted a statement on LinkedIn congratulating Doyle on the appointment.
“Vicki has made a highly valued contribution to AMP and she leaves with our very best wishes,” Sainsbury wrote. “She also leaves the business in great shape.
“Our North platform continues to go from strength to strength and our workplace super offering has never been better, following significant mandate wins. Vicki has also developed a high-quality leadership team within AMP’s superannuation and platform businesses.”
In other news announced on Friday December 1, 2017, Hill was one of three executives awarded a life membership in ASFA, alongside Deloitte consultant Russell Mason and QSuper chief investment officer Brad Holzberger.