By Nick Hedley
UniSuper, which has A$108 billion (US$68 billion) under
management, says Chairman Ian Martin will retire at the end of December and
will be succeeded by Mark Armour, who is currently chairman of the investment
Martin has served as board chair since July 2017. The fund
said in a statement he had overseen “the most significant period of regulatory
and legislative change since compulsory superannuation’s inception.”
He joined the UniSuper board as an independent director in
April 2013, and is a former CEO of BT Financial Group.
“I leave my role feeling optimistic for the future of the
fund, knowing UniSuper is widely acclaimed as one of Australia’s leading
superannuation funds, and with exceptional staff unrelentingly focused on our
members’ best interests,” Martin said.
UniSuper CEO Peter Chun said Martin “has been a source of
steady wisdom, experience and perspective in his role as chair.”
Armour, meanwhile, previously served as head of Invesco’s
European business, CEO of Invesco Australia, and CEO of funds management at AXA
He joined the UniSuper board as an independent non-executive director in July 2017.