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Regulation
08 July 2025 by Maja Garaca Djurdjevic

No rate cut in July, but Bullock says call was about timing rather than direction

In a sharp rebuke to market expectations, the Reserve Bank held the cash rate steady at 3.85 per cent on Tuesday, defying near-unanimous forecasts of ...
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Platforms hold their ground with fund managers amid advice shift

Fund managers are keeping platforms firmly in their ETFs, confident in their growing role reshaping financial advice and ...

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‘Set-and-forget portfolios no longer serve’, says BlackRock as it adopts tactical stance

Immutable economic laws and mega forces are keeping BlackRock overweight US equities, but the fund manager is adopting a ...

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New active ETF provider aims to be ‘new Betashares’ with active ETFs

A specialist active ETF provider believes it has what it takes to become “the new Betashares”. Savana Asset ...

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RBA delivers closely watched decision amid mounting easing signals

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call

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DigitalX secures institutional backing as bitcoin strategy gains momentum

DigitalX’s latest strategic placement signals strong institutional endorsement of its cryptocurrency strategy by leaders ...

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ESSSuper chief executive resigns

  •  
By Alice Uribe
  •  
2 minute read

ESSSuper is on the lookout for a new chief executive after Don Kofoed resigned due to poor health.

The ESSSuper board has accepted the resignation of chief executive Don Kofoed, who has been forced to resign due to ill health.

According to ESSSuper, Kofoed's resignation has been accepted with "understanding but with great regret."

"Don has been a tremendous asset to ESSSuper over the last 12 months. His drive, leadership and total commitment to the organisation has inspired the management team," ESSSuper board president Frank King said.

During his tenure at the fund for emergency services workers and state sector employees, Kofoed extended the range of products offered to members and assisted in the development of the fund's online site.

 
 

ESSSuper chief financial officer Michael Dundon will act as chief executive while the fund searches for a replacement for Kofoed.

The fund has engaged Kathleen Townsend & Associates to conduct the search and plans to have the process completed by the end of June.

The incumbent ESSSuper chief executive will lead a team of 130 people.

ESSSuper has more than 150,000 members and $14 billion in funds under management.