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Superannuation
11 July 2025 by Maja Garaca Djurdjevic

Beyond Silicon Valley: How super funds thrived on diversification in 2025

Superannuation funds have posted another year of strong returns, but this time the gains weren’t powered solely by Silicon Valley. In contrast to ...
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Netwealth edges in on rival HUB24 with record FUA net flows

The wealth management platform remains a strong performer in the platform space, generating a record $15.8 billion in ...

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South Korean exposure pays off as ASX-listed ETF jumps 32%

The iShares MSCI South Korea ETF (IKO) gained 32.1 per cent in the first six months of the year, marking South Korea’s ...

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Instos anticipate crypto to feature in traditional portfolios by 2030

Three-quarters of institutional investors believe cryptocurrencies will form part of traditional portfolio allocations ...

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US tipped to be ‘the big loser’ of Trump’s expanding trade war: AMP

The rollout of further tariffs in the US from August is expected to decrease economic growth in the US in the ...

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Government cements RBA overhaul with new rules

The government has cemented its overhaul of the RBA’s governance with the release of an updated Statement on the Conduct ...

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ESSSuper on senior staff hunt

  •  
By Alice Uribe
  •  
4 minute read

Industry fund ESSSuper is shuffling its senior management team as it searches for a CFO and chief executive.

Emergency Services and State Super (ESSSuper) is shuffling its senior management and is on the hunt for a chief financial officer to replace former CFO Michael Dundon.

The Melbourne-based CFO will lead a team of 10 staff to oversee financial management reporting and budgeting, accounting systems and management, taxation management and external audit and actuary services.

"The CFO plays a key role in achieving the organisation's strategic objectives, understanding and advising on the financial impact of management decisions, and creating efficiencies and improvements to the current financial services, policies and systems," an ESSSuper spokesperson said.

The recruitment process was being handled internally and an appointment was expected to be made in September, the spokesperson said.

 
 

Meanwhile, Dundon is currently performing the role of acting chief executive after former CEO Don Kofoed was forced to resign due to ill health in May this year.

As Investor Daily reported recently, the industry fund is also searching for a permanent chief executive to replace Kofoed and has engaged Kathleen & Associates to conduct the search.

The ESSSuper spokesperson said an announcement should be made by next week.

The incumbent ESSSuper CEO will lead a team of 130 people.

ESSSuper, the dedicated fund for emergency services and state employees, has more than 150,000 members and $14 billion in funds under management.