Suncorp

Big super funds are getting even bigger. But as consolidation continues – and stapling kicks in – they’ve got a new problem that can’t easily be overcome: they’re more alike than different.

LGIA Super, in the process of merging with Energy Super, last week (April 30) confirmed the appointment of National Asset Servicing as custodian for the new fund. This follows last week’s announcement that LGIA will buy the Suncorp wealth management business, making only the second industry fund to buy a retail-orientated business after First State…

NAB Asset Servicing and client Suncorp have signed a new contract for custody and a range of other back and middle-office services following a complicated on-again off-again relationship between the two banks dating back to 2013. The new contract, expected to be announced this week, lays to rest several years of uncertainty over the relationship,…

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…

Lee Hatton has departed Suncorp as its chief executive of banking and wealth after just three months in the job. Hatton acknowledges that her departure is due to the impacts of the commute from Sydney to Brisbane on her family. Bruce Rush has been appointed as acting chief executive of banking and wealth until a…