The $5.7 billion First Super has appointed Prime Super head of investments Michael McQueen to its top investment job, ending an interim arrangement that has been in place since the resignation of CEO Bill Watson in early January. 
 
Prior to Prime, McQueen was inaugural CIO at Foresters Financial, and was CIO of Media Super from January 2020 until it merged with Cbus in April 2022. He was also head of investment strategy at LUCRF Super, and has held various investment and analyst roles at Kinetic Super, Myer Family Investments and ANZ Global Wealth.  
 
Acting CEO Greg Everett said the appointment came at a critical juncture for the $5.7 billion fund.  
 
“Michael brings a rare combination of deep investment expertise, strong governance discipline and a proven ability to build high-performing teams,” Everett said. “His experience across asset allocation, portfolio design and investment stewardship positions him to drive our investment strategy forward.” 

As CEO, Bill Watson – now CIO at BUSSQ – was heavily involved in investments. Chris Artis, the former CIO of Meat Industry Employees Superannuation Fund, has been filling the role on an interim basis and will step aside when McQueen takes up the position.  
 
“First Super has built a solid investment foundation and I’m looking forward to working with the team. As financial markets become increasingly complex, a disciplined approach is critical to ensure we deliver competitive outcomes to members,” McQueen said.  
 
First Super serves almost 80,000 members, with its membership historically concentrated in the timber, paper and pulp and furniture and joinery industries.