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Prime Super expands board

Appointments made to meet super challenges

By Alice Uribe
Thu 21 Jan 2010

Prime Super has expanded its board to position itself for changes to the superannuation system.


Rural and regional industry fund Prime Super has expanded its board, adding two new directors.

The board will now have a total of eight members, up from six.

Former senior partner at law firm Freehills David Cooper has clinched one of the positions.

"Mr Cooper is a founding member of the Freehills funds management practice. He will add significant value to the board with his expertise and knowledge of superannuation and related matters," Prime Super chief executive Lachlan Baird said.

The second board place was taken by Australian Workers Union (AWU) economist Bradley Crofts.

Crofts is the AWU appointee and has held roles with the Australian Bureau of Agriculture and Resource Economics and the Department of Treasury and Finance.

He would broaden the strength of the board in economic and financial matters, Baird said.

The decision was made to expand the board due to expected changes in Australia's superannuation system.

"Given the significant changes that have occurred in superannuation and the expectation of continued changes in the coming years, the board of Prime Super has taken the opportunity to expand the board by the appointment of two new directors, each bringing skills that will help the fund grow and prosper in the coming years," Baird said.

 

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