Industry superannuation fund Unisuper has appointed former fund managers Mervyn Peacock and Chris Cuffe as independent directors to its board.
Peacock was formerly a chief investment officer with AMP Capital Investors. Cuffe worked as chief executive for both Colonial First State and Challenger Financial Services.
Together Peacock and Cuffe oversaw $200 billion in funds under management.
"Mervyn and Chris bring a fantastic balance to our board. Unisuper is now manages $23 billion in funds which makes us a significant fund," Unisuper chief executive Ann Byrne said.
"We wanted our new directors to have the business experience to ensure the best board for our members." Byrne said the government's simple superannuation initiatives have created new opportunities for the fund.
We needed the appropriate board experience that would position the fund to take advantage of opportunities such as new products resulting from the Government's changes, Byrne said.
Unisuper now has 11 board members including three independent directors.
