Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Superannuation
05 May 2025 by Jessica Penny

Super funds shift focus to research and resilience

Super funds are recalibrating their strategies in response to evolving geopolitical dynamics and economic policy risks, with major players placing ...
icon

Crypto industry urges immediate action following Labor’s re-election victory

As the Albanese government secures a resounding re-election win, the crypto industry is calling for swift action on ...

icon

New ETF player to drop suite of US-focused funds on Cboe

A fresh player in Australia’s ETF landscape is set to shake up the market this week with the launch of three new ...

icon

Westpac profit slips amid margin squeeze and cost pressures, weighing on ASX 200

Westpac reported a dip in first-half profit on Monday, with interim earnings of $3.3 billion down 1 per cent compared to ...

icon

Labor’s clear mandate boosts investor confidence, but fiscal headwinds loom

Despite the global trend of incumbents falling victim to cost-of-living frustrations, Labor has bucked the tide, ...

icon

Finalists unveiled for Fund Manager of the Year Awards 2025

InvestorDaily’s sister brand, Money Management, has announced over 100 finalists for its annual Fund Manager of the Year ...

VIEW ALL

EISS appoints new chief executive

  •  
By
  •  
4 minute read

EISS has appointed a new chief executive.

The Energy Industries Superannuation Scheme (EISS) has appointed Alex Hutchison as its new chief executive.

Hutchison will succeed current chief executive Richard Powis, who will step down from his role at the end of June.

"Yes, they have appointed a new CEO and he will start in two to three weeks' time," Powis told Investor Weekly.

Hutchison was managing director of MMC Contrarian, and became chief executive of MMC's wealth management and advice business, with responsibility for ComCorp and ClearView, after MMC acquired Bupa Australia's life insurance business in 2010.

 
 

His previous roles also include wealth management chief executive for Australian Wealth Management and its financial planning subsidiary, Bridges Financial Services.

He holds various non-executive directorships, including at SGE Credit Union, Argyle Lawyers and Mutual Legal.

EISS chairman Mick Doust did not want to confirm the appointment, saying it was too early in the process to make any announcements.

Hutchison joins the super fund amid uncertainty over its future.

The New South Wales Auditor-General's office flagged at the end of last year that the fund might have to merge with State Super and First State Super to ensure an efficient structure for its members.

NSW Treasurer Mike Baird is still reviewing the fund's future.