AustralianSuper welcomes new Chief Executive Paul Schroder to lead and grow the nation’s largest fund to $500 billion within 5 years.
Paul has been with the Fund for 14 years and has helped build Australia’s most trusted super fund1 into what it is today for nearly 2.5 million members. He succeeds Ian Silk, who led the fund since its formation in 2006.
With nearly 2.5 million members and 1,000 new members joining per day, the fund’s ambition is to become Australia’s first $500 billion fund within 5 years.
Paul has held executive roles at AustralianSuper across strategy, brand, reputation, membership, and most recently as Chief Risk Officer. With deep experience at the Fund, his focus is on continuing to achieve the best financial outcome for members in retirement.
‘We’re focused on making sure members of AustralianSuper have more money to fund their retirement,’ says Paul.
‘We must continue to use our size, scale and skill to deliver better outcomes for members through strong, consistent returns over the long term2, keeping fees low, and meeting changing community expectations.’
A proven leader
As a key part of the Fund’s executive team, Paul has helped doubled the Fund’s membership, grow members’ retirement assets to more than $240 billion and established a global investment profile.
He thanked the Board for its confidence in him to lead the Fund.
‘It’s a privilege to be able to serve members as the chief executive of this high-performing fund with the clear goal of being Australia’s leading superannuation fund for members,’ he said.
‘Looking ahead, I’m excited by the opportunities, expertise and expanding global footprint of the Fund will offer members.
‘The Fund has an opportunity to help members understand their super and the value it adds to their lives, and to help younger people understand the importance of being with a strong long-term performer’ he says.
‘We’re looking at developing new products to meet the need of members, especially those in retirement, and will be improving our digital services and platforms to help people navigate super and retirement.’
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.
1. Reader’s Digest Most Trusted Brands – Superannuation category winner (for nine years running 2013 – 2021, according to research conducted by independent research agency Catalyst Research).
2. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns. 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.
This may include general financial advice which doesn’t take into account your personal objectives, financial situation or needs. Before making a decision consider if the information is right for you and read the relevant Product Disclosure Statement, available at australiansuper.com/pds or by calling 1300 300 273. A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at australiansuper.com/TMD.
AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898.