Industry Updates

AustralianSuper appoints first chief liquidity officer 

The nation’s largest super fund AustralianSuper has appointed Chandu Bhindi as its first chief liquidity officer. 

Global X names CEO

ETF provider Global X has named Alex Zaika as its CEO, replacing Evan Metcalf who resigned last month.

ASIC case against REST dismissed

The Federal Court has dismissed ASIC’s case against REST Super for alleged misleading representations of members’ rights to transfer money out of the fund.  

REST Super appoints general counsel

REST has named Duncan Whiteside as its general counsel, who joins from MetLife Australia.  

IFS chief executive to depart

Industry Fund Services CEO Csaba Baranyai has stepped down from the industry fund-owned service provider, effective 25 October 2025.

Employers required to pay super on every pay cycle from 2026

From 1 July 2026, employers will need to make super contributions to employees on ‘payday’ instead of quarterly, as payday super measure kicks in.  

Brighter Super lands enterprise agreement with staff

Brighter Super staff have voted in favour of an enterprise agreement that will see its employees benefit from salary increases, more super contributions, hybrid working arrangement and better base starting rate.

TelstraSuper looks to merge with Equip Super

TelstraSuper and Equip Super have entered into a merger agreement after the former announced that it was looking for a merger partner in May.

MLC Super to reduce admin fees for majority of members

MLC Super Fund has announced that administration fees will be greatly reduced for members in its superannuation and pension products. 

Future Fund restructures investment team

Australia’s $212 billion sovereign wealth fund, the Future Fund, has restructured its investment team which will be overseen by a six-person investment leadership group including five new managing directors reporting to chief investment officer Ben Samild.  

Prime Value Asset Management nabs former industry fund CEO

Prime Value Asset Management has appointed former Prime Super chief executive Lachlan Baird as chief financial officer.

MLC Life appoints two executives

MLC Life Insurance has appointed Gerard Kerr as chief executive of individual business and Jane McGovern as its chief customer and strategy officer.

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