Sunsuper has named TCorp’s Bernard Reilly as its new chief executive, replacing Scott Hartley who resigned after more than five years at the helm of the $69 billion superannuation fund.
Reilly, who has been a member of the board investment committee at NSW Treasury Corporation since 2017, will officially start on October 8 and will be based in Sydney, the company said. Sunsuper’s outgoing chief will remain engaged by the fund to assist in the transition.
Sunsuper Chair Andrew Fraser said Reilly’s global experience and his investment and risk governance credentials gave the board confidence that he was the right person for the job. Reilly worked for State Street Global Advisors for more than 24 years where he held a number of roles in Sydney and Hong Kong before moving to Boston as Global Head of Strategy. He left the firm in May 2014.
“Since returning to Australia I have been deliberate in looking for the right opportunity to lead in the local industry,” Reilly said in a statement. “Sunsuper’s success is clear for everyone to see. I was attracted to its aligned structure, and to the opportunity to meet and lead the challenges of change.”
This will be Reilly’s first executive role since leaving NAB Asset Management in 2016, where he was chief operating officer for six months, according to his LinkedIn page. Sunsuper said in June that it was looking for someone who knew how to “compete in the market place” and would be “comfortable” dealing with a changing regulatory landscape.
Based in Queensland, Sunsuper is one of the 10 largest super funds in Australia by assets.