AustralianSuper Chief Executive, Ian Silk, will step down from leading the Fund later this year. Mr Silk has led AustralianSuper – the nation’s largest super fund – since its formation 15 years ago. Chief Risk Officer, Paul Schroder, who has been with the Fund for over a decade will take on the role when Mr Silk’s term ends.
Chief Executive, Ian Silk is a respected leader at AustralianSuper. His expertise, passion and leadership have strengthened the Fund’s position and helped millions of members work towards achieving their best financial position in retirement.
Fund Chair, Dr Don Russell, paid tribute to Mr Silk’s leadership and integrity, and the ‘members first’ culture he has instilled at AustralianSuper. He noted that in the last 15 years Mr Silk had stewarded AustralianSuper which has doubled its membership to 2.4 million and from $21 billion to more than $225 billion in member assets under management.
‘Under Ian’s leadership, the Fund has always been ambitious for members and this has played a vital role in ensuring AustralianSuper has been able to use its size and scale to be the number one performing fund across multiple time periods,’ Dr Russell said.READ MORE: BALANCED OPTION DELIVERS ITS BEST RETURN IN OVER 35 YEARS
Achieving top performance for members a career highlight
Mr Silk described consistent top performance for millions of members as the highlight of his career.
‘It’s been an amazing privilege to work with my colleagues across the Fund to deliver the best possible financial returns for the more than 2.4 million members who trust us with their retirement savings,’ Mr Silk said.
Appointing Paul Schroder to Chief Executive
Mr Schroder’s appointment to Chief Executive reflects strong succession planning and a thorough review of external candidates by the AustralianSuper board. Mr Schroder has held senior executive roles at AustralianSuper for over 10 years, including Group Executive Strategy, Brand & Reputation, Group Executive Membership, and Chief Risk Officer.
‘Mr Schroder brings broad experience to the top role after working at the Fund for 14 years,’ Mr Silk said.
‘He is exceptionally well placed to lead the Fund in its next phase, as it moves towards being a $500 billion superannuation fund in the next 5 years, that uses the scale of the organisation only to benefit members.’
AustralianSuper is the highest performing fund over 5, 10 and 15 years*. The change of leadership won’t interrupt the operations of the Fund. Members can expect continued focus on helping them achieve their best financial outcomes in retirement.
* Based on the AustralianSuper Balanced investment option compared to the SuperRatings Fund Crediting Rate Survey — SR50 Balanced (60–76) Index, periods to 31 January 2021. Returns from equivalent investment options of the ARF and STA super funds are used in calculating returns for periods that begin before 1 July 2006. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
This information may be general financial advice which doesn’t take into account your personal objectives, situation or needs. Before making a decision about AustralianSuper, you should think about your financial requirements and refer to the relevant Product Disclosure Statement. AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898.