Industry Updates

Former ART chief Bernard Reilly to lead Perpetual

Former Australian Retirement Trust chief executive Bernard Reilly has been appointed as CEO and managing director of Australian fund manager Perpetual, effective 2 September, the asset manager said in an ASX announcement.  

Super funds up 2 pc in July: Chant West

Super funds have delivered positive return in July but the gain was partially offset by the international and domestic sharemarket sell-offs in early August on the back of Bank of Japan raising interest rates and a fear of US recession, according to Chant West.  

Aware Real Estate acquires industrial land in Victoria

Aware Real Estate, in partnership with Barings, has acquired a $600 million industrial estate in Melbourne’s North.  

ART appoints chief financial officer

Australian Retirement Trust has selected Phil Fraser as its chief financial officer, following current CFO Anthony Rose’s decision to explore other opportunities.

Vanguard Super announces Duffield departure from board

Vanguard Super has announced that Jeremy Duffield has departed the trustee board, where he was a director. 

Iress appoints superannuation CEO

Iress has appointed Sam Wall as CEO of its superannuation business. 

Union director and former AIST president joins REST board

REST has named Catherine Bolger as a new employee-nominated board director, replacing Julia Fox who retired in May 2024.  

Cbus names head of portfolio construction

Cbus Super has appointed former Victorian Funds Management Corporation chief investment officer Justin Pascoe as head of portfolio construction.  

Mercer Super pays $11.3m greenwashing penalty

In another win in ASIC’s greenwashing crackdown, the Federal Court has today ordered Mercer Super to pay a $11.3 million penalty after it admitted to making misleading statements about the sustainable nature and characteristics in some investment options. 

APRA removes additional licence conditions on AMP Super trustee

Prudential regulator APRA has removed additional licence conditions imposed on N.M. Super.  

Brighter Super CEO wins annual FEAL award

Brighter Super chief executive Kate Farrar has been awarded fund executive of the year by the Fund Executive Association Limited.  

REST, Barings begin work on Kemps Creek industrial estate

REST and Barings have officially begun the development of logistics and industrial estate at Kemps Creek in Sydney south-west, after the two jointly acquired the site in April. 

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