The move was announced earlier this week.
Rest CEO Vicki Doyle has been appointed as a new director to the Association of Superannuation Funds of Australia (ASFA) board to represent the industry fund and sector, following the departure of Leeanne Turner, who vacated the position back in June. Rest has recently acquired a one-third stake in Sydney’s Quay Quarter Tower to give the 1.8 million rest members an “interest in a state-of-the-art, premium-grade skyscraper overlooking Sydney Harbour,” according to Rest deputy CIO Simon Esposito. Ms Doyle carries deep executive leadership experience with some of Australia’s leading financial services organisations such as BT, AMP, Suncorp and Commonwealth Bank of Australia, along with serving as an executive director on Trustee boards. She has been the CEO of Rest since 2018. ASFA Chair, Gary Dransfield, who was appointed in February 2022 replacing a retiring Michael Easson, said the ASFA are “delighted” to welcome Ms Doyle’s “calibre and expertise to the ASFA board at such a critical time for superannuation.” Mr Dransfield continued by stating that Ms Doyle’s “deep insight” into the operations of organisations within the superannuation industry will be along with her strategic capability will be “invaluable” to the board during a time where the industry is dealing with a plethora of regulatory changes. “We would also like to thank outgoing director Leeanne Turner for her contribution to ASFA over many years, and in particular as a director since 2018,” said Mr Dransfield.
“We wish Leeanne all the best for her future endeavours as she enters the next chapter of her career.” Ms Doyle commented on her new role: “ASFA plays an important role in continuously improving the superannuation system, so that it can work better for all Australians,” Ms Doyle said.
“I am grateful for the opportunity to serve as a director on the ASFA board.”
The corporate regulator has reiterated its focus on improving its reportable situations regime.
While the guidance is targeted at superannuation and investment funds, ASIC said it can also help companies to avoid greenwashing or overstating green...
The financial services minister announced the news on Wednesday (10 August).
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