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 committee.
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 Australia.
He joined the UniSuper board as an independent non-executive director in July 2017.