The New South Wales Electrical Superannuation Scheme (NESS) has appointed Angie Mastrippolito as its new chief executive, following the retirement of current chief executive Philip Hirshbein on 23 July this year.
The appointment of Mastrippolito was the result of a two-year search and succession plan, Hirshbein said.
Mastrippolito already joined NESS last month as deputy chief executive and has been working with Hirshbein on the transfer of responsibilities.
She joined the $390-million super fund from Professional Financial Solutions, where she was a principal and superannuation actuary.
Before that she worked for eight years at Watson Wyatt and 10 years at Mercer in principal roles.
One of her main concerns would be the future strategy of the fund, Hirshbein said.
"One of the processes in place is a fairly stringent review of how we fit in Stronger Super," he said.
"Ernst & Young is conducting an independent review for us and the results will be presented at the June board meeting."
Asked whether a merger of the fund was one of the possibilities, considering the scale requirements of funds under Stronger Super, he confirmed that was the case.
"The announcement of the capital gains tax relief will remove any bias in that area," he said.
