Few would disagree that a strong regulator is required for a strong superannuation system. But APRA’s myopic focus on cost to members means its $70,000 Christmas party is unlikely to help its reputation.
Good investing requires real sacrifices, according to Oaktree’s Howard Marks, but you can’t expect to be compensated just for making them.
Suncorp names chief information officer
Former Commonwealth Bank executive Adam Bennett has been appointed as Suncorp’s chief information officer. He was previously at Commonwealth Bank for over 15 years and was most recently group executive business and private banking, executive general manager of local business banking and chief information officer for the bank’s retail and business banking divisions. He will commence on 1 July.
BNK Banking Corporation chief financial officer Jussi Nunes has followed chief executive officer out the door. He has been in the position since 2018 and helped to implement the financial management framework that contributed to the expansion of BNK’s digital banking capabilities. He will remain with the company until September while a search process for his replacement is undertaken.
AustralianSuper’s group executive of membership Rose Kerlin has been appointed as SuperFriend’s latest fund representative director. She leads AustralianSuper’s membership group, which manages relationships with businesses and unions. She joined AustralianSuper in 2010 and has worked in a variety of member-focussed roles across three states. Her appointment follows the recent departure of Paul Schroder in April. SuperFriend’s expert advisory committee also appointed Zurich and OnePath’s head of mental health and wellness, life insurance, Maria Falas and LUCRF Super’s executive manager of distribution, Chris Deakin.
Simon Moutter, former managing director of Spark New Zealand, has been appointed as an independent non-executive director of Commonwealth Bank. He brings his knowledge of technology,
